Plymouth Tribune, Volume 5, Number 2, Plymouth, Marshall County, 19 October 1905 — Page 2
THE PLYMOUTH TRIBUNE
PLYMOUTH, IND. HENDRICKS Q. CO.. - - Publishers. 1905 OCTOBER 1905
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VS 23st. JSi 2Sth. i) 5th. C?J 13th. PAST AND PEESENT AS IT COMES TO US FROM ALL CORNERS OF THE EARTH. ' Telejrraphlc Information Gathered X the Fw for the Ealiffliteoment of the Many. Balloon Hits Chimney) Three Ilurt. A balloon ascension and parachute leap at the reunion of Dublin old citizens, held at Dublin, Ind.. came near ending in the tragic death of Prof. Stiles Thompson of Martinsville, the aeronaut. The balloon ascended and veered gainst a building, Prof. Thompson striking a brick chimney. The bricks fell from tte three-story building, falling among the people gathered below. Herman Jones of Cambridge City, was struck on the head by a brick, seriously wounding him. Miss Nettie Smith of Dub'lin, and Mrs. John Ferguson of Milton, were also struck, the latter being seriously injured. Prof. Thompson was slightly injured, but fell safely. Fought With Bricks and Pistols. Former Chief of Folice O. II. Myers of Pomeroy,Ohio, and his two brothers, John, an attorney, and Arthur, a ball player with Little Rock and Hannibal this season, fought a desperate duel in Middleport, Ohio, William Haag, a Middleport liveryman and an innocent bystander, is lying at the point of death, with a bullet nolo through his head. John A. M;trs was shot in the side. O. II. Myers is under arrest. Arthur has eluded the officers and is now on the opposite side of the river. O. II. and John A. fought with revolvers and Arthur with bricks. Twelve shots were fired. Fire Starts Panic at Fair Grounds. Every building of the county fair was destroyed and many people were injured in a fire at Bucyrus, Ohio, which started in the grand stand while the races were in progress. A panic followed the discovery of the fire. Spectators in the grand stand rushed for the exit, which was soon blocked. Excited women, children and men leaped over the track, twelve feet, and many were injured by the leap. Ten Nejcro Roustabouts Drowned. Heavily loaded with freight and with a erew of twenty-five men, the steamer Elk, while backing out from the city landing at Vicksburg, Miss., struck a snag and sunk in twenty-five feet of water. From five to ten negro roustabouts v ere drowned but the exact number will probably not be known for several days. The cargo is estimated at $25,090, parti) insured. Swept Overboard by Gigantic Wave. New York special: Five persons at least were engulfed by the sea, one is dead of her injuries, and more than thirty injured as a great wave swept over the vessel last Wednesday thi is the story the wireless telegraph sent in as the Campania, of the Cunard line, approached Fire Island from Liverpool. Explosion on Torpedo Boat. Norfolk (Va.) special: Michael Marra, chief water tender, was probably fatally scalded, and Patrick Saulsberry, second class fireman, was seriously burned by a tube explosion on the United States torpedo boat Stockton, while out from Norfolk on a cruise. The vessel was but little vdamaged. Five Trainmen Killed. Yive trainmen were killed at Seaton, 111., -when a heavy double-header freight train, east-bound, on the Iowa Central railroad, ran into cattle on the track at a speed of twenty miles an hour. Both locomotives nd eleven freight cars loaded with grain and lumber were piled in a heap beside the v track. Firemen Injured at Chicago. Tive firemen were injured none fatallyand property valued at $130,000 was destroyed by fire that demolished the five"story brick building at 75 and 78 Lake street Chicago, which was occupied by Podrasnik, Klapperick fc Co., wholesale dealers in paints, oils and wall paper. Russians Murder Chief of Police. St. Petersburg special: Colonel von Eitman, chief of police at Krasnoyarsk, has been murdered. Von Eitman was returning from the theater with his family when attacked. The assassin fired six shots, several of which took effect. Krasnoyarsk ic a town in eastern Siberia. Tonus Leonard Indicted. TTarrv A. Leonard, the young bank clerk who took $359,000 worth of securities from the National City Bank of New lork by means of a forged check, was indicted for larceny in tne first degree. Itfe Sentence for Knapp. The iury in the case of John Knapp, charged with the murder of Marshal Leon ard Geisler at Uagerstown. ma., returnea & verdict of guilty. The punishment fixed was life imprisonment. Oresron Conarreasman to Tail. Congressman John Newton Williamson to defraud the United States government OI ICS pUUIlU uuuiam, ii(H wvii iviivvw v monins imprisonment. Twelve In in red in Fire. Twelve persons were injured, two probfiitr a icnra nf hnrjps WArft hnrnwl Ulj l.w"J "w" . to death and property valued at $65,000 was destroyed in a fire that demolished the La r i v. - -t. t c n ... Salle Avenue livery ua.ru aw n oauc ov enue aud Ohio street. Chicago Drowned it uta ee Bay, . . Arthur E. McKr y, finance "vre rv of the Maumee 1 er 1. acht CU Md Willie Donahue, Lis H-year-okl compaa imt. were drowned by tbe cap&izing of a fTsall sail boat in Maumee b as Toledo, Ohio. , Penny Costs Two Xtlves. Searching for a pemy Intended for w band of wandering m tsl ians and which had rolled Inf the stree ; Lillian Sarrel, 3 years old. and Catherine Sullivan, 4 years old. of lirookiyn, N. x., were run down by a street car. Both were fatal ly injured. Morton Cnvellln Date Changed. The committee In charge of arrange- : tnents for unveiling the Morton monu ment in Nebraska City, Neb., has chang ed the date of that event from Oct 14 to Oct. 23. Ex-President Cleveland has prcni-s3 ts be present and deliver an
EASTERN.
Xew York women teachers have begun a campaign for equal salary with men teachers. Gaetano Costa, who was found mur dered in Brooklyn, is believed to be a victim of the Sicilian Mafia. The effort to brin; about a merger between Harvard university and the Massachusetts Institute of Technology has proved unsuccessful. TLe effort to brin about a merger between Harvard university and the Massachusetts Instituto of Technology has proved unsuccessful. Gangs of thieves have been brought to Xew York for tho fall election, accord ing to a robber, who was arrested after a series of bold hold-ups. Mrs. Annie E. McKinley, widow of the late Abner McKinley, was married m Baltimore tC Captaiu John B. Allen of Tampa, Fla., a naval officer. Charles Lacey, the son of George E. Lacey of Newark, X. J., who recently mysteriously disappeared, has been found in Burlington, Iowa, by the police. Currency to the amount of $101.000 has been stoleu from the Pittsburg office of the Adams Express Company and a warrant has been issued for a clerk. A girl cashier in Xew York confessed that she had stolen $2,000 during the last four years and used it to support her father, mother and invalid sister. John It. McLean of Cincinnati has closed the deal for the purchase of a half-interest in the Washington Post. The price is understood to be $000,000. New York Republicans have tendered the nomination for Mayor to William M. Ivius, who accepted the honor, thus putting an end to the hunt for a candidate. Maria Mitchell, scientist, and Mary Lyon and Emma Willard, educators, have been chosen as the first women whose names will grace tablets in the hall of fame at Xew York. The names of Whittier and Lowell in the authors' class aud Gen. William T. Sherman in the soldiers class have been chosen to be inscribed on tablets in the Hall of Fame in Xew York. A. L. Rice and W. O. Gilman, wanted at Providence, B. I., on the charge of defrauding the Xational Bank out of $0,500, were taken East from Wan Francisco by detectives from Provideuce. Mrs. Katcheu Duerr. 19 years old, and a bride, was drowned iu the Harlem river, Xew York, under circumstances that caused the arrest of her husband and of Charles Hahan, a boarder in the Duerr family. President McCnrdy of the Mutual Life, testifying before the Xew York investigating committee, said the main purpose of life insurance companies is philanthropy and not the earning of profits for policy holders. WESTERN. Fire destroyed the Wiggins Ferry Company's steamer W. McClelland in dock in St. Louis. William Towns, a rejected suitor, kill ed Mary Towns of 09 Franklin avenue. Cleveland. He was arrested. The board of regents of Micbigan uni versity has conferred twenty-seven de grees and made a cumber cf minor ap pointments. Pat Crovre in the police court in Omaha, Neb., pleadel not guilty to the charge of skcotin? Patroluian Jacksoa with inteut to kill. In an expiusion iu a coal miue r.i Gratiot, Ohio, Charles Smith was killed. Lyman CLapiu fatally injured, and Fred Ileadley bad' hurt. Oue artilleryman was killed and a dozen others were injured, some fatally. in a stamjvd 'of horses daring target I practice at Fort Kiley, Kau. A bronze bnst of Christopher Colum bus, the gift of Italian societies In the United Stales, was unveiled in the Caruegie library in Pueblo, Colo. While insane 'rem excessive drinking Elmer Washburn of Vermilion, S. D.. stabbed his if six time with a knife. The woman will probably die. Because he wai late in reporting for work, Frank Kennedy, chef at a leading hotel in St. Joseph, Mo., shot and fatally wounded Frank Boyer, his assistant. Four prisoners confined in the Lorain, Ohio, jail cut their way through a teninch wall and escaped. It is believed hat the wen were aided from the out side. Patrick. H. Hagau a Omaha mail car rier who mysteriously disappeared a month ago, has appeared at Evansriiie. Ind. He is belisved to be mentally un sound. Cigarette at last have found a cham pion in Dr. William B.' Fletcher, a wellknown Indiana physician, who, speaking at Indianapolis, said they never caused insanity. Dr. Abisaa S. Hudson, SC years old. choked to death on a fig in Mount Ver non. Ohio. He founded Keokuk Medical college and contributed much t medical cienc. A widow survives him. The XocthweaKra sangerfest will be held ir. St Pazl from July 20 to 29 next year. Musical organizations from various parts of the country will participate, forming a vast chorus of 6,000 voices. Vice President Frank P. Jones of the failed Denver Savings Bank, turned State's evidence against former Presi dent ('. W. Wiley and accused him of embezzling btwen $73,000 and $100,000. Frank Rumble, president of the Col orado aud Southern: B. F. Yoakum and Edwin Hawley were named as incorpora tors of the Wichita Valley Railroad, which has filed pplicitioa for a Texas charter. J. A. Er:ckstn. ex-president of the defunct Second Xr.tior.al Bank of Minot, S. D., on a plea o guilty was senteuced to five year iu the penitentiary for making false returns to the Comptroller of the Currency. Captain Elmore F. Taggart was granted au absolute divorce and the custody of his two sons by Judge Eason at Woosler, Ohio, who reviewed the secsatiosil case and fixed the blame on the woman. Another step toward amalgamation of the Baptist and Free Baptist churches was taken at the Baptist State convention u Dahth, when a resolution was adopted urging closer relations between the two denominations. Jcksrs painted the face and body of Acton Praail red and white and his hair blue iu St. Paul, Minn. He was taken to the city hospital and it was necessary to give him au anaesthetic while the phyicians were rioving the paint. Wiiliaia Ellis, an A nstralian horseman, was struck over t ie head with a blunt instrument in a room in the heart of the residence district of Berkeley, Cal., and robbed of $3,000 in English bank notes. The robber escaped. A gift of $50.000 for the Creek Semi nole Industrial liege at Boley, I. T was asked of John D. Rockefeller at Cleveland by J. C. Leftwich. a negro, president of the college. Mr. Bockefeiler aid he would consider the matter. Joseph Plante, under indictment for gtilicg Florida water containing wood
Icohol to Indians and thus ransfn? th
death of nine red men, surprised tho United States court officials in Farso, 2. D., by entering a plea of guilty. Judgo W. E. Hailey of Superior, Wis., is believed to have nerished on the desert . near . Searchlight, Xev., while searching for his mend, C. J. Thomas, also of Superior, who disappeared on the Fa iul 3 several weeks ago and is Deneved to have died. - In ToDeka. Kan., fifteen thousand school children, led by J. W. Chapman, evangeJist, a brass band and a drum corps, :narched to the State house tnrougJi n drizzling rain and held revival services. The schools were dismissed for tho occasion. The Missouri State building at thLewis and Clark exposition grounds Portland, Ore., including the variou exhibits, and thi nrt pnd Kfrntunrv rot lection, was burned Friday night. Tho oiaze was confined to the one building. The loss Is $30,00. Valuable gifts were received by the board of regents for the University of California at its monthly meeting the other day, Mrs. Hearst's donation alone amounting to nearly $300,000. A deed came from Dr. Morris Herzstein for a large tract of land. A fire started in the big Mackin Sanitarium in Findlay, Ohio. The occupants of the building were carried out in their night clothes and taken to the ground by ladders. Many were overcome by smoke, but there were no fatalities. The fire started in the engine room. George Morton, who figured in h re cent shooting affair with Mrs. Lillian fcprague In 5t. Louis, is no longer general passenger and ticket nrpnt nf tho Missouri, Kansas and Texas railway. W. S. St George of Xew York wns n itpointed to the place when Mr. Morton's resignation was demanded and handed in. While intoxicated J. J. Akin, nrnnritor of a shooting gallery, made the rounds of the business district of Harper, Kan., firing his revolver at random and chasing persons off the streets. Mavor W. G. Muir was shot and seriously wounded and ired Lyons, a Mr. Myer and the town marshal were slightly wounded. Mayor Muir will recover. Akin was hnally overpowered. . A remarkable sursical enprntinn hn been performed at Mount Carmel hospital, Columbus, Ohio, a man being given a new set of lower eyelids. An examination shows that the oneration nrohably will prove entirely successful. Last February . U Iverr was caught in a natural gas explosion, in which he was badly burned about the face and head. and nis lower eyelids were destroyed. WASHINGTON. Reports are current in Wnhi that Gen. Luke Wright, who is about to sail for home, will hand in his resigna tion as Governor of the Philippines. MaL Gen. George W. Davis, chairman of the board of consulting engineers. found the situation very satisfactory at Panama ami thought the sanitary measures enforced were bound to insure health on the canaL A majority, including the European engineers, favor a sea-ievei canau II. F. Woriev. the aeent of th Unit ed States insular bureau sent to Santo Domingo to investigate tioiw on the Ilaytlan border, in a partial report to tl e War Department savs that he has authentic information. savage custom in the wild regions of J: llaytu including cannibalistic feasts : where tue victims are babies. He estimates that the smuggling that has been going on across the border has cost the Dominican government from. $330,000- to $400.000 a year. FOREIGN. The steamer America, resuming the Japanese line service, which was di.--continued during the war, wa welcomed by the Japanese in Honolulu with fireworks. Sir Henry Irving, famous English actor,, died, suddenly in Bradford, Englrnd. of au attack of syncope, within a few minutes after the close of a Performance of "Becket." At midnight a tugboat ran dowu a fruit seller' punt in the Danube- near BudaPesth, Hungary. Fourteen women were drowned, six were saved and many, were seriously injured. The engagement of Prince Eitel Frederick second son of Emperor Williamv to. th Duches Sophie Charlotte;, eldfest daughter of the reigning Grand Duke- of Oldenburg, is announced! The bomb outrage at the Pekin railway station which involved the death of the bomb thrower and others is alleged to have been instigated by Dr. Sua Yat Seu. ringleader of the revolutionary party in China. A report has been received at Moji that the British steumer Leho struck a floating mine ninety miles east of the Shantung lighthouse. Of th passengers fifteen are reported missing, among them two foreign engineers Mme. Milka Ternina. th f-i Wagnerian singer, has just suffi . slight stroke of paralysis. Tbe private advices wnicn brougnt this news to Xew York added that the prima donn - V UJ M go to Italy for the winter to recover. A complete survey of the public lands of the Hawaiian territory has just been finished by the survey department and the land office has made a list, showing that in all the islands there are 1,719,100 acres belonging to the government. Of these nearly all are under lease, mostly to sugar plantations. The offer made by a Xew Yorker to present $30,000 to Dr. Behring to make known his treatment for the cure of consumption was refused by him with the explanation that he made it a principle never to accept any aid of this kind from private individuals. He said it would be another thing if the offer came from the American government or from some organized scientific institution. As a result of Prof. Behring's announcement to the International Tuberculosis Congress in Paris of a cure for consumption one of Xew York's wealthiest and best-known citizens, whose name is Withheld for the present, has authorized the Xew York Herald to annonnce that he will contribute $30,000 to a fund to present to Prof. Behring if he will reveal at once to the world his treatment, and not withhold It for a year. TLe only qualification is that the treatment must first K pronounced successful by competent physi-dans. IN GENERAL. According to a special from Dawson the gold shipments of the Yukon territory for the season of 1903, just closed, will reach approximately $G,0(A3.000. It is estimated that half or more of the Fairbanks output has gone to the coast this summer by way of Dawson. Forty-five deaths and hundreds of serious injuries is the record of football for the last five years, according to a canvass. In almost every Instance the death or injury was due directly to the heavy mass pUys, against which President Roosevelt and the country at large are protesting so vigorously.
Edward W. McKenna, who was elected Second Vice President of, the Chicago. Milwaukee and St Paul Railroad at the ann u a 1 meeting of the directors In Milwaukee, is one of the most widely known railway officials in the railway service. He was born In Pittsburg and entered tbe service of the Pennsylvania sysV E. w. m'kexna. tem in 18G3 and rose steadily in the service of that company until 1SS7, when he became division superintendent of the St. Paul Road, becoming general superintendent in 1S90. In 1S04 he transferred bis services to the Great Northern Railroad In the same capacity, where he remained till the autumn of 1S!j3, at which time be had developed an inven tion for rerolling steel rails and at once launched a company, which has since made a fortune out of the process. Mr. McKenna resumed his ser vices with the St. Paul Road as assistant to the President Feb. 1, 1904. Jacob nenry Schiff, who testified be fore the insurance investigating com mittee in Xew York that tbe directors knew nothing of the secrets of the Equitable, that he never heard anything of the numerous "trustee" accounts, and that he doubted the correctness of entries in the Equitable book recording the purchase o f $300,000 o f Union Pacific Jacob u. bCiiUF. stock for "holding account,"" is one of the noted financiers of the" country. no Is a member of the firm of Kuhn, Loeb & Co., is a director in several banks, trust companies and railways and also is a director of Equitable Life and of the Western Union Tele graph Company. Mr. Schiff was born at Frankfort-on-the-Maln in 184T and came to the United States in 18G3. He has served as vice president of the Xew York Chamber of Commerce and is the founder of the Jewish Theological Seminary of the Semitic Museum at Harvard University. Last winter he- was decorated by the Japanese em peror for services in connection with floating the Japanese loan. Mrsw Estelle Townsentl Smith, of Richmond, Va., was sentenced to five years in the Virginia penitentiary. Judge Clopton denied the motion for the woman by her lawyers, who sought to have the verdict of the jury set aside and a new trial granted. Counsel for Mrs Smith will appeal to the Virginia. Supreme Court. Mi's, Smith was recently convicted of the VB3v X. EMITII. killing of her 5-year-old son Ralph, by repeated and severe beatings and other cruel forms of punishment. The commonwealth's attorney moved tbe court to dismiss the warrant against Sheppard K. Smith, the husband of tha convieted woman, who has been in custody awaiting trial on the - charge of complicity in the killing of the chilli. The court agreed to the motion and the husband was released: from custody. -: :- John M. Hamilton, former Governor of Illinois, wdio died recently,, wuia for may years a prominent figure in the politics of the State. He was a schoolmate of Vice President F airbanks and of Senator Foraker. Mr. Hamilton was a member of Hesperia Lodge, A. F. and A. M., in Chicago, and was also a member of the Grand Army of the Republic. JOUX K. HAMILTON. Frederick L. Cuttlngv Commissioner of Insurance for Massachusetts, has come Into wide notice" on account of a severe arraignment of the methods of big Insurance comoanies Incorporated In his annual report, ne especially condemned the Equitable, the- Mutual and the Xew York Life. He characterized, pome of the officials as Judases and allndi red l. cutting, ed to one as the "Dr. Jekyll and Mr. Hyde Company. He referred to "dubious schemes" and "schemes for getting enormously rich." He also touched on fraternal societies and mentioned the Royal Arcanum in particular. J. B. "owler, of Portland. Ore., la the inventor of a device which, If successful, will make him the peer of Edison, . Marconi, Tesla and all the other wizards of electrical discovery. It la cUCmed for this newest of wonders that by means of it one may see the Image rt tha nprsnn with vfc r whom he is talking , J. B. FOWXEU. phone. Its discoverer calls It the "televue." Mr. Fowler, tintll recently was a laborer in a railroad shop.
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TAGGART IS GIVEN DECREE. Conrt Also Awards the Captain Custody of the Children. At Wooster, Ohio, Captain Elmore F. Taggart, U. S. A., was awarded a decree of divorce from bis wife, Grace Culver Taggart, and given possession of their two children, Charles Culver, aged 11, and Elmer F., Jr., aged 7. The sensational case which has stirred army circles both in this country and Europe reached its finale Friday afternoon when Judge Eason, who heard the evidence, read a long opinion. The court, though denying Mrs. Taggart the custody of the two boys, ordered that she bo permitted to see hem at stated intervals. In this respect alone was Mrs. Taggart given much consideration. Judge Eason clearly leaned to the theory that the mother was not a fit person to whom to intrust her offspring. Among the causes for reaching this conclusion was Mrs. Taggart's alleged intrigues with "Billy" Taggart and with Captain Fortesque, said to be a relative of President Roosevelt. The court censured both woman and men severely. Judge Eason bad a good deal to say about the use of intoxicants, and said that the charge of excessive drunkenness preferred against Captain Taggart had not been sustained. Tbe habit of imbibing frequently was a subject of comment, however, and evidently the court believed that It played a part in the alienation of the couple. "The first time Captain Taggart saw
the flush of liquor on his wife's brow he should have banished it from hit THE. TJUWJLim IX COUUT. si-board,"" said the jndge. "It can be so!- lo the credit of the army that this entire case has not developed one single case- of dninkcnness." Speaking of the main cause of the differences between the Taggarts, the court stated: "It appears that there never was any dispute about financial matter and that all the difficulty was due to- their relations with others." The judge concluded: "I will leave tho gross neglect ami two charges of adultery stand as the ground of the divorce; giving Captain Taggart the divorce." The Taggart trial lasted seven weeks. The case went to the court a month ago. The suit was first started in July, 1004, by Captain Taggart, who filed petition ibr divorce, charging his. wife with conduct unbecoming a wife and alleging the excessive use of intojdeants. Mrs. Taggart heard of the- proceedings fn San Francisco several week later and immediately started for Wooster, the home of the Taggart where she filed a counterpetition for divorce against Captain Taggart on- the- grounds of cruelty and' neglect. The case has been of exceptional interest because- ef statements during the trial by Captain Taggart that the rtse of intoxicants in the army was soeommtMr as to be almost the custom A number of prominent army officerswere named in Captain Taggart's peti tion n having been more or less the cause- of the domestic troubles betweenCaptain ami Mrs Taggart. ANNUL MARKEL'S CONTRACT CauaI Sirte Will Be Handled' Undeo Commissioner's Order. Tile last action of the Panama, canal commission before sailing from Colon for New York was the annulment of thecontract awarded to J. E. Markel of Omaha, Neb., for feeding and: caring toe the- employes of the canal. Tlie reason for this action is that Chief Engineer Stevens, through the department of materials and supplies, under Messrs. Jackson and Smith, is handling the commissaries successfully, rendering unnecessary the arrangement. The contract with Mr.. Markst was to run five ears and it was estiinatetS that it would involve $50.000,000. Hudgins & Dumas, one 6t the other firms bidding for the contract, protested against the award to Mr. Markel, alleging favoritism and charging that the latter was enabled through a leak in the office of Chairman Shontz to gain information about the other bidders which aided him iu bidding successfully. From Par and Keart At a meeting of Boston citizens it was decided to erect a memorial to the late Patrick A. Collins. Joseph Levins of Baltimore has been nrrested on the charge of kidna:ng hla lo-year-old daughter in Mahanoy, Pa. ' Three hundred and twelve structural iron workers employed on four large buildir:gs in Baltimore were ordered out. Prof. Ij. Eildy, a teacher at the Kentucky State schooi for the deaf at Danville dropped dead in the school room. Prof. liilJy was a noted astronomer. Livingston. QüackenbusU of Le Sueur, Minn., was convicted of receiving money iuto an insolvent bank. His bank failed in Maich, 1001. Mrs. Mary O'Hare of Cherry Valley, Mass., Avalked into a pond with her 11-months-old son in her srms, and both were drowned. Thij case of Frederick A. Peckham of New Y'ork, who was arrested in connection with the cotton report scandal, haa been iadeSuitely postponed. jr. E. Mathias and J. G. McFadden, wca-kiug night shifts in the Saginaw miae, Deadwood, N. D., were found dead in the tunnel, having been killed by a premature blast.
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EXISTS FOR PUBLIC.
MUTUAL'S PRESIDENT CALLS TRUST A CHARITY. McCnrdy Says Insurance Is Not for Benefit of Assured Ilelpins Mankind the Aim Thinks lie's Worth Salarv of $150,000. According to President Richard A. McCurdy, of the Mutual of New York, an insurance company is a great, beneficent missionary institution a philanthropical enterprise not organized for the profit of tbe policyholders but for the good of mankind in general. Its duties, he declared, were to increase and spread its benefits over the entire earth. "There has been a great mistake made," he said to the legislative investigating committee, "about the real province of life insurance companies these later years. People have been led to believe that the main purpose was to make money for Its policyhold-' ers. In my view that is not the purpose of such companies. They are eleemosynary. When a man insures- In a company he should take Into consideration the fact that he has entered a great philanthropic concern that is in duty bound to spread itself, even though this growth prevents him from realizing as much as he expected." Mr. McCurdy said he was connected at one time with the Widows and Orphans' Life Insurance Company, of which Charles C. Raymond, the present bead of C. II. Raymond & Co., the Matual's general agents, was president. M McCurdy could not name any general agent of any other life insurance company in New York City that received a compensation equal to that got by Raymond & Co. President McCurdy said it was bis conviction with regard to all the agents that they were making more money than they should. Mr. MeCurdy would not admit that the term of compensation which allowed the Metropolitan agency to clear more than; 200,000 In a year were excessive, said, that the Mutual had to pay high, commissions in order to hold its agents Mr; nughes want?d to know whether Mr. McCurdy knew of any conditions in the New Y'ork agency that warranted the- paying of such large commissions. "I don't know of tbe conditions which exist with regard to the agency business in New Yocfc or anywhere else," said Mr. MlcCurdy, impatiently. "I never," he added, "have tried to find out; because- it never came within the obligations devolving upon me that I should do it." Mr. Hughes wanted to know what steps had been taken to increase President McCürdy'a- salary from $100,000 to $130,000 in- 1D00, and whether he himself had suggested tbe increase. Mr. McCurdy replied that he never bad requested an increase of his salary in all his-life; that the matter was entirely in the band of tbe committee OTi salary. "You would have continued to render your services at $100,000?" suggested Mr. Hughes. "I would have continued to render my services no matter what they paid me," said Mr. McCurdy. "Did you interpose any remonstrance against th increase?" asked Mr. Hughes. "I certainly did not I wasnot called upon to do so." Mr. McCurdy said he accepted it as a recognition for wh it be believed the trustees valued bis services. Mr. nughes wanted to know whether there had been- any unusual increase in. bis- duties that warranted the advance in his- sallry. Mr. McCurdy . replied that all streb services are ; cumulative until physical or mental Infirmity overtake ooe. Tbe result of past efforts, he- said", was a fair thing to- be considered" as well as acquired familiarity, experience and thrift Mr; Hughes asked whether the men who- voted tbe raise In Mr. McCurdy's salary weren't actually controlled by him- so far as their seats on the board of trustee were concerned through the-power wfifeb he wielded in having tile policyholders proxy. Mr. McCurdy saftl that the election of these men was not absolutely in his iower. ÄüJOO.OOO HELD CONFISCATED Wisconsin. Commissioner Denounces Old Irine Companies. In the advance sheets of his annual report on life insurance companies doing business ia Wisconsin,' Insurance Commissioner Host makes the startling statement that "the thirty-seven old-line life insurance companies transacting businessin the State in 1904 confiscated about $14,000,000, which belonged to and should have been returned to their policy holders.' Wisconsin is one of the two States of the Union that require life insuraoc companies to attach "gain and loss exhibits to their annual reports. The commissioner says that tftes exhibits "show that the reserve- released on surrendered and lapsed policies during 1904 amounted to $31,747,440.S3, while the actual sum paid by these companies to policy holders who lapsed and surrendet cd tboir policies was only $37,752,732.59." The commissioner says tit "the loading or that portion of the premiums used for expenses by these companies in 1904 was $115,789,2S2.14, while the actual expenses of the companies amounted to $122,904,49G.53, or over $7,000,000 more than that allowed for expenses.' With the $14,000,000 retained from policy holders really entitled to it, "it was an easy matter for these companies to exceed their expense loading by over $7,000,000," the commissioner declares. CLERK AND SIOO.OOO GONE. Valuable Package Stolen from Express Company in Pittsbarfg. The Adam3 Express Company In Pittsburg announced the other evening the theft from its general offices of a package containing $100,000 in cash. Edward George CunlhT, money clerk of tho company and one of its trusted employes, is missing from his desk and from his home, and in a statement issued by the company Cunliff is accused of tl theft. The money was delivered to the company Monday afternoon and the package containing it was made up of 80,000 $1 bills, 100 $50 bills and the remainder ot the money was in $5, $10 and $2 tUb.
1ÜHSANC1AL
The absence of speculative operations is conspicuous and is a testimony Chicago. to the healthy basis upon which current business progresses. While net interest returns are too low for bond buyers, as contrasted with the present value of money, considerable investment is seen in realty aud improvements, together with more activity in local securities, indicating confidence in the stability of affairs. Dank exchanges invariably reflect an accurate approximation of the city's commercial activity, and. dopite bisher discount rates, it is noteworthy that the totals for both September and thU week excel all previous corresponding periods. While prices for the .rdlr.g raw ranterials are high and to some extent evince further hardening, the prevailing tone remains eueourrrgiu?, conditions generally being strongly supported by the volume of forward demands, which assures steady employment well into next year. Retail traffic has mad? seasonable expansion. Fall expositions never before wers more artistically presented by the State street stores, nnd with unusually brilliant weather their nttractiveness drew enormous throngs. Many visiting buyers made good parchases in the principal jobbing lines, less diminution in sales appearing than was expected, considering the exceptional demands of last month. Satisfactory bookings occurred in dry goods, clothing, footwear and woolens and the demand improved for furniture. Mercantile collections in the Middle West make a good showing, and country store trade is doing well In the heavy lines and farm needs. Shipping rooms have remained quite busy, resulting in freight offering s surpassing all previous experience of the Western roads. Other freight movements, particularly of iron and steel, are unprecedented. Failures reported in the Chicago district nuirber twenty-nine, against thirty-two last week and twenty-seven a year ago. Dun's Review of Trade. Whil3 not so active as in recently preceding weeks tbe volume of New York. trade still exceeds expectations. Contributing to this are better reports from retail lines, necessitating reorders of seasonable goods, fall festivals, enlarging crop movement, and a continued Immense turnover in industrial lines. Undininished activity Is- witnessed in the iron trade, demand for crude and finished products surpassing previous years at this period. Higher levels of future cost,, particularly as to coke and ore, confront these trade. Collections for the country as a whole are good. Something like a downward swing In prices of agricultural products is iu evidence this week, a result of the . - ....pv .vf V. A4 1 1 quality, which augurs for lower prices of feeding stuffs and cheaper cost of meat production in the coming winter. Wheat, including flour, exports for the week ending Oct 5, aro 1.072.C12 bushels, against 2,004,932 last week, 1.103.92S this week last yoar, 2,378,722" in 1903, and 5fWÖ,779 in 1902. From July 1 to date the exports are 177009.375 bushels, against lSiS,71l" last year, 42,G7G,0S4 In 1903: and1 7T,325.492: in 1902.-Bradstreets- Commercial Report. easier Chicago Cattle, common to. prime;. $4.00 to $C35; hogs, prime heavy,. $00to $o.C2; sheep, fair to. choice. $3.00 to $3,40; wheat, Xo. 2, S3c to SCc;. corn. Xo. 2,. 52c to 53c; oats standard'. 27c to 29c;: rye. No. 2.. C9c to TOe; hav. timothy, $S.50 to $12.00? prairie-, $0.00 to $11.50; butter, choice creamery, 18c to 21c; egrs, fresh, ICo to ISe; potatoes, per bushel, 42c to- 50e. Indianapolis Cattle, shipping, $3.00 to- $.".; hogs, choice heavy, $4.00 t $5.0."; sheep, common to prime, $2Jtf to $4.25: wheat, Xo. 2, 85c to 87c; com. Xo. 2' white, 53c to 55c; oats, Xo. 2 whit 2Te to 29c. SL Louis Cattle, $L50 to $3-S3; ho-. $4.00 to $3.50; sheep, $4.00 to $3.00; wheat No. 2,. S3Vr ;o SGc; corn. Xo. 2. 5e to 52c; oats. No. 2, 20c to 2Sc- rye Xo. 2, 5Sc to 60c. Cincinnati Cattle. $4.00 to $4.S3; hoffs, $4.00 to $3.G3; sheep, $2.00 t $4.50; wheat, Xo. 2, S7c to S9c; corn. Xo. 2 mixed, 54c to 5Cc; oats, Xo. 2 mixed, 2Sc t SOc; rye, Xo. 2, C9c to 70c. Detroit Cattle, $4.50 to $5.00; hoss $4.00 to $3.25; sheep, $2.50 to $4.50: wheat Xo. 2, S3c to 85c; corn. Xo. 3 yellow, 50c to 58c; oats, Xo. 3 white, 2Sc to 20c; rye, Xo. 2, C7c to CSc. Milwaukee Wheat, Xo. 2 northern, S2c to SGc; corn, Xo. 3, 51c to 53c; oats, standard, 29c to 30c: rye, Xo. l! CSc to 70c; barley, Xo. 2, 52c to 53c: pork, mess, $15.75. Toledo Wheat, Xo. 2 mixed, 85c to SGc; corn, Xo. 2 mixed, 51c to 53c; oats Xo. 2 mixed, 30c to 32c; rye. Xo. 2, 54c to 62c; clover seed, prime, $7.90. Buffalo Cattle, choice shipping steer. $4.00 to $5.G0; hogs, fair to choice, $4.00 to $3.73; sheep, common to good mixed, $4.00 to $3.00; lambs, fair to choice, S5.00 to $7.tK). New York-Cattle, $4.00 to $T.50; hojrs. $4.00 to $3.90; sheep, $3.00 to $3.50; wheat, Xo. 2 red, 80c to 90c; corn, Xo. 2, COc to C2c; oats, natural, white, 01c to 33c; butter, creamery, 19c to 21c; eggs, western, 20c to 23c. Sfliort Tiews Notes The St. Louis board of public improvements, after an inspection of the grade crossings in Chicago, plans to abolish them in St Louis. Dr. Lucellus Ilussey, ajred 73 years, was instantly killed, and Ephraim Ilerrington, aged 70 years, was seriously injured while crossing the Big Four tracks in a bug?y near Lockland, Ohio.
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