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title: 'New-York tribune. (New York [N.Y.]) 1866-1924, December 13, 1905, Page 2, Image 2',
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-esrard to the matter? A— l think I bad a coo-
WrsaTlon with Mr. Harrtman on Friday.
SCrSe**^ d^TtaTthlß took plaoeT A.-But
lf£?t t^Mr. Harriman I had bought the stock.
Q — What was that conversation? A.— Sir Harri
sra wanted to know-I think he suspected I was
*%%&gSr^ti£2r& t-witht -with him an *t*£
View at your ome* or at his office? A^lt wa« an
Interview at my office.
Q. — First Interview? A. — Yes. _-».».«*
Q._That was before Mr. Harrlmaa knew yon ma
b^Th^ e t^ k ylu J dlal?-te« him what yrmr plan
vast A- — conversation was a general «_-• a__
Q.—An6 the conversation waa> a general oner m^—
T a-An« the next time he saw you did he Me you
•lone? A^-I don't remember whether he saw me
thenext time with Mr. Root or Mr. Cravath or
*O^When did he see you with «*• I&* Modify
Cravath? A.-It was-I think It was either Monday
°QSrhe a foll<ming Monday or Tuesday? The
*KES wn^did^ tfervlew take plac? A^
*<}3[ifitt?« to wSr Emitter that ,« have -tat-
8 ™ Tou have
said that Mr. Harriman said, brought up mat
time? Most of them.
IK. ROOT A>*D MR. CRAVATH PRESENT.
a—When Mr. Root and Mr. CraTatli were pre»
*U-DTd"vou y arth|- first Interview wit* i Mr Har
riman, after you had bought the stock tell himof
your intention to hand it over to trustees 7 A^
*S-S^thS Ss?£^S after th* porch—
O —Did you teil him who the trustees were? A. —
Witness's Counsel.— lf he knows. „>.!,_,_ .-,
Tea. That had already been publicly an
nounced. A.-Yes. sir: I wrote Mr. Cleveland a^ let
t^T-T'A^Ai! B T w^ t SSIKaS tWpS^on
*83& SSTSS Mr. Harriman saM that he -had
devoted co much time to the matter. Did he say
In what wav? A.-Well. In trying to straighten out
the Equitable affairs; he was on the Frick-was on
the Frick committee, and was a director of the
°°Q^3>la"he ten you what be desired to accomplish
hy being Interested in the purchase of the stock?
<f— Did he advance any reasons why you should
allow him an interest in the purchase? A.— Ao
further than I have stated, that I remember.
O-Tou have said that he desired to participate
In the management; what was said between yon
ma to the management of the companj ? A -There
was nothing special said about It. Mr Hughes
Q.-Well. did he say anything as to the poUcy
which should be adopted by the company? A-—
" Q.— Or by the managers? A.— No. sir.
Q— What did you tell him precisely as to the
plan that you had for the management of the com
pany? A.-I told hlm-I stated to him the way I
proposed to work out the transaction, the plaru
Q-At first, did he object to that? A.-Yes he
objected to having the-thought I was making a
*T&fi?T& fouwt b^tho^ght that was a
"^iiT^^iKrrle^h™ Mr. *** and
JffT Cravath were present that he suggested a de
sire to name two trustees? A.— lt was. j
Q.— Were those two trustees to be in addition to
the three? A.-They were to be in addition to the
ti Q^Dld he say what he expected to be accom
plished by nominating the additional trustees? A.—
He made no question of that.
Q.— What did he Bay in that connection? A-;—
■imply said— simpl7 demanded that he should
have the right to name two trustees.
"WANTED HALF THE STOCK.
O— And also what part of the stock? A.— Well
sny impresssion now is, Mr. Hughes, that he wanted
*Q '— He wanted half of the stock and the right t«»
name two trustees. What did he say to you which
would indicate a reason w hy he thought you should
give him half the stock and the nomination of two
trustees? A.— For the reason that he had been in
the Equitable, had beer, a director in the Equitable:
he had been trying to work out the— settle the diffi
culties through the Frick. committee. I concluded
that was the reason. That was the only reason he
q_— wanted a part of the control— that was the
substance of it? That was the substance of It-
Q._Tes: and he was not satisfied that the control
should be exclusively in your hands, or in the
hands of trustees nominated by you? —I go un
Q._Yes. Now, you said that he told you that you
•would not be able to carry out your plan against
his opposition. What opposition did he say he would
pvef A.— Ke said his full influence would be
Zcsinst me. . .
Q._ What sort of Influence did he mention? A-— I
don't know that he mentioned any special influ
Q.— Didn't he sar that his political influence
would be against you? A.— Yes.
Q.— Did he tell you what sort of oolitical influence
tie would urge against you? A. -He did not.
•Q. — Did he mention any names? A.— He did not.
Q.— Did he refer to the legislature? A.— He re
fered to provable legislative actions or action—
said that the legislature would probably take ac
Q.— he say XhMt sort of action he would prob
ably take? A.— l M:» did not.
Q.— Did he say .i»-ii-<=r it would be in legislation
or investigation ? A.— No. I think— recollection
Is that he said legislative action, some legislative
Now, can you state th<= substance of what n»
said? How did "he put that in regard to legislative
action? A.— l think he said that legislative action
would probably result, and that his influence for or
against me would be important.
Q.— Did he tell you that if you acceded to his re
quest his Influence would be thrown in your favor?
Well, that was plain to me; it would be.
That was plain" Yes.
Q.— And he told you that if you did not divide
the control with him his influence would be
thrown against you? A. lie said his whole Influ
ence would be against me.
And that there would probably be legislative
action? A.— Yes, or there might be legislative ac
Q— Now. in what event— want to get this as pre
cise as possible — in what event did he say there
would be legislative action? A.— Well, the air was
full of talk about legislative action at that time,
Q.— that interview? A.— No, I mean the atmos
phere about insurance matters: not in that inter
%-lerr; 1 wouldn't put it that way.
MR. ROOT HEARD DISCUSSION.
Q,— be refer to the political Influence that he
■would assert at the interview at which Mr. Root
£ad Mr. Cravath were present? A.— My recollection
i that he did.
Q— he refer to the probability of legislative
(action at that same interview? A. — He did.
Q.— Did he Fay anything about the possibility of
legislative action in the event that you gave him
a share of the purchase? A. — No.
Then, his mention of legislative action was in
connection with your refusal to grunt his request?
A.— Well, I tried" to put that as I recollect It, Mr.
Hughes. It was in the event of legislative action
his Influence would be important for or against me.
Q.— ln the event of legislative action his Influence
Srould be important? A.— Might be.
Might be for or against you? — Yes.
Q— Did he explain how his Influence would be
Important? A.— No. he did not.
Q.— you say anything to him In regard to
that? A.— I didn't pay any attention to that.
Q.— You didn't ask him why it would be im
portant? A.— No.
Didn't he tell you. In substance, that If you
did not grant his wish in the there would j
probably be legislative action? A. — No, he did not j
o.— Didn't he t?ll you that if you did not meet 1
tils wishes or permit him to have a share of the ,
•took, that his political influence would be thrown :
ngainst you? A. — in that way.
Q.— Or in substance? A. — I understood that his :
entire influence whether political, financial or j
otherwise, would be against me.
Q.— lf yon did not yield to his request? A,— !
Q.— That was it? That was my undeßStand- j
6.— And that included whatever Influence he was
able to exert, directly or indirectly, to bring about
legislative action? A.— wouldn't say that, Mr.
Q.— he told you that his Influence was Im- j
portant and would" have importance In case there
"Sras legislative action? A.— Yes.
That is the substance of It? A.— Yes.
INFLUENCE) "IN ANY DIRECTION.'*
Q.— And you understood fully that in refusing to
(Beet his wishes you were taking the chance of ,
•whatever opposition he could bring to bear upon ;
you? A. — any direction.
Q. — In any direction. And with that understand- ;
ing you did refuse? A.— did.
Q —And you told him that you Intended that the
management of the Equitable sboi^ be entirely ;
independent? A.— did. £
Q.— Independent of what? Independent of me •
said everybody else.
q. independent of you and Independent of him? .
q —Why were you not willing to have Mr. Harrl- i
man name two trustees to go in with Mr. Cleve
land Judge O'Brien and Mr. WeHtinghouse; they
would have been a minority? A.— That is true, Mr.
Hughes, but I was determined to carry out the
plans that I had formea.
q —And you didn't want Mr. Hamman as a part
ner In mat enterprise? A.— l didn't want anyoody
as a partner.
—Now. Is there anything that you recall that
you have said that Mr. Harriman told you In the
presence of Mr. Root and Mr. Cravath? A-— I
don't recall. We had several interviews.
Q —The whole matter was gone over then? A. '
The purport of ail the interviews was about the
same as the Interview we had with Mr. Cravath
end Mr. Root.
Q.— And subsequently you had other interviews
when Mr. Harnman and you were alone? A-— I
think the next two Interviews were over the tele
Q.— Did you have any other Interview after the
Interview when Mr. Root and Mr. Cravath were :
present, at his office or at your office? A-— I think
Q.— But what were these Interviews over the
telephone? A.— lt was on the same lines.
Q. — To find out whether you changed your mind?
Aw— Yes; finally over the telephone I told him there
was no use of talking about the matter any more,
that I would not change my mind, and with that
the Incident ended.
Q. — Did he repeat anything he had said to you at
tt* first Interview, when ilr. Root and Mr. Cra-
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vath were present about the consequences of your
"Did Mr Harriman say that there would be any
result injurious to your Interests In case you re :
fused to permit him to share in the £*™rahl»r
I repeat that question. A.— Stir. Harriman saia
his entire Influence would be thrown £ «*; ,
a.— lncluding his political and financial Influence*
He" meant thl political? Ay-Yes, at one to
"Q^At this interview when Mr. Root end M£
Cravath were present, and In connection with your
refusal to sell the stock? A.— Yes.
RYAN GAVE HIS REASONS.
q_l will ask you the further question I potto
youon Friday: "Now. did he say that any action
on the part of the legislature any omclalor
officer ofthe government would be taken Ui case
you refused to accede to his request?" A^-He did
nQ!-In Q!-I also asked you this questloni *7<"
what'" A—l told Mr. Harriman that I wanted
Jo be free," and did not want any partner, In the
transaction. ■ . ___ __j__« Tl »i
Q.-Did l you tell him why? A^-My *£t ShSS
reason was that I wanted to make this trust deed
O^D^you tell him that? A^-I did.
What did he say to you? A^-Well, Mr.
Hughes, specifically, I don't remember what he
""o —What he said baa been covered by your state
ment? A.-It has been covered by the statement
Q.-I also asked you this question: 'Did he : (Mr
Harriman) say whether or not he was willing to
put it (referring to the stock) in truatr £-««
finally proposed. if I would accede r to bis wtohej
In allowing him to become an owner of thestock
and name two trustees, that he would agree it
cb Q U -i < DFd OMr.0 Mr. t HarVlman tell you hi substance that
he did not propose to have anybody own control
of the Equitable stock without his having an In
terest in it? A.-Well. I should not like to say that,
Mr Hughes. The conversations between Mr. Harri
man and me were rather strenuous sometimes.
O —Well I mean whether that was the substance
of his remarks? A.— l don't think he wanted any
body to come Into the Equitable situation li he
coufd help It. . .
Q.— By the Equitable situation you mean control
of the stock? Yes. .,.. ..^
Q — You have now stated, Mr. Ryan, all that took
place between you and Mr. Harriman with reference
to the Equitable stock and his desire to acquire
a portion of It? A.— To the best of my recollection,
Q.— And after that time— l refer to the few days
Immediately succeeding your purchase from Mr.
Hyde— you have any .further Interviews with
him about It? A.— Not that I remember.
NO FURTHER INTERVIEWS.
Q.— That matter waa not brought up again? A*—
Since that? m ~- ." - -
Q,— Yes. A--^AboTXt the purchase of the stock?
Q.— Yes. A.—
Q.— understand you completed the purchase on
t v Pth of June, and the trust deed was executed
abont the loth of June, and these Interviews took
place during the intervening period? A^— Yes.
Q.— And since that time nothing has been said or
done about it between you and Mr. Harriman?
Q.— And I think you said the other day that no
body else had any time to obtain the stock? A-
Q.— Either at that time or subsequently? A.—
Q.— ln referring to the probability of legislative
action did Mr. Harriman say anything to indicate
the nature of the action to which he referred? A. —
He did not.
Has any one else had any talk with you with
regard to the action either of the legislature or the
government? A. — No, sir.
Q. — Of course, I mean apart from your consulta
tions with your couneel? A. No, sir.
Q.— Or with reference to this investigation? A. —
Mr. Hughes^ — is all. Mr. Ryan.
The Chairman— 'Mr. Ryan, I presume It win be
unnecessary to assure you that we are gTatlfled that
you have come here under these somewhat embar
rassing circumstances, and we of course appre
ciate that a man who Is willing to reveal his own
acts and conversations may object and hesitate to
reveal conversations with another. But we are
here on a serious and important inquiry, and we
felt it was a matter of Importance to the subject
of our investigation, and must not let things of
that sort Interfere with what we think Is our duty.
And. as you explained your position when you came
to the stand, we want you to understand when
you leave it we are very much pleased indeed thai
you returned to the witness stand voluntarily and
irsa-ie the statement frankly.
The Witness— l appreciate It. I thank; you.
PRUDENTIAL LIFE UP.
Senator Dryden Tells of Chain of
Apart from the testimony of Mr. Ryan, the main
Interest of the Insurance Investigation attached to
the appearance of Senator John F. Dryden, presi
dent of the Prudential Insurance Company, of
New-Jersey, who told In detail the methods em
ployed by this company, which deals In large part
with industrial Insurance. Senator Dryden 6howed
evidence of extreme nervousness at the start of
his examination, but apparently grew more confi
dent as it progressed, and his frank and complete
answers evidently made a favorable Impression. At
the outset he created come surprise by the admis
sion that his company, like ?.o many others, had
employed "Judge" Hamilton for legislative work.
He explained, however, that it waa only in one or
two instances and that the amount paid was only
On the subject of campaign funds Senator Dry
den declared that the Prudential had made three
contributions to the Republican National Commit
tee, one of $6,000 in 18D6 and two of $10,000 In 1300
and In 1904. These, he Insisted, were the only
cases of such contributions, and were charged in
the books of the company to "expenses" In two
cases and In one to "legal expenses." In the
evidence he gave regarding his company he insist
ed that it had been able to get along without tKe
expenditure at State legislatures of the vast sams
of moner the "Big Three" of Now- York had been
shown to have used.
The Senator's testimony on this point not only
indicated that he did not think the large expen
ditures were necessary, but he went further and de
clared that, since he had been in publlo life he
had never been bothered by either lobbying or cor
ruption. The secret of the small legislative ex
penses of his company. $*6,000 slnoe 1898. the Senator
explained, lay In the fact that the officers of the
company "had worked hard and tried to be honest."
He declared that he had never permitted any pay
ment except for a legitimate purpose His em
ployment of -Judge" Hamilton was because he had
been regarded as an authority on legislative sub
jects and knew he had written a book on Insur
Senator Dryden traced In detail the growth of
his company from a capital stock of J91.000 to one of
$2,000,000, largely through stock dividends. He then
explained the remarkable process by which the con
trol o# the Prudential was tied up. This was ac
complished by the sale of the Prudential stock to
the Fidelity Trusjt Comaany. The trust company
bought a controlling Interest at $900 a share. To
do this tt realized on its assets, and the Equitable
life bought stock from the Fidelity at this time.
As the officers of the Prudential, including the
Senator, had a controlling; Interest In the stock of
the Fidelity Trust Company, the control of the
insurance company remained In practically the
same hands, but was tied up tight. The dissatis
faction of pollcyholders, however, coupled with the
intervention of the courts, checked the retirement
of more than 60 per cent of the stock, but consid
erably more was held In such a fashion as to make
this control absolute. Loans were shown by the
Prudential to the Public Service Corporation of
New-Jersey, and It was - shown that the officers
of the Prudential and of this vast company were
practically Identical. The control of the TTnion
National Bank, of Newark, was also shown to lie
A Relief to Every
If you have been over-eolicited on life
insurance we'll not add to /the fatigue.
Just a word i You can dispose of the
matter once and for all, save money, get
what you want, and be content. Details
Ell* daglftngtrm £t£r Jmraranr* (En.
John Qlstloxk, JlrrEtirut
N-EW-YORK DAILY TRIBUNE. WEDNESDAY. DECEMBER 13. 1905.
In the hands cf directors and Interests associated
with the Prudential, Indicating a remarkable chain
of allied Interests.
•Senator Dryden admitted receiving rebates on his)
own Insurance, both In his own company and In tbe
Provident Life. He testified that his own salary
was W6.000, and several of his relatives were shown
to hold office In the oompanv or its allied Interests,
one son receiving $30,000 as third vice-president of
the Prudential. James Hazcn Hyde and William
H. Mclntyre were shown as directors In the Fidel
ity Trust. James W. Alexander had been one, but
resigned. Senator Dryden testified regarding the
legislative expenses that In a number of cases tho
Metropolitan Life of New- York and the John Han
cock of Massachusetts, alfo Industrial companies,
shared with the Prudential the expense of fighting
anti-Industrial Insurance legislation.
In the examination of the details of the com
pany*s business many significant facts were brought
out. First of all. It was shown that the company
had gradually concentrated its energies on Indus
trial forms, which were shown to be marvellously
profitable, but exceedingly expensive to the policy
holder. Not only does Industrial Insurance, ac
cording to the testimony yesterday, cost from four
to eight times as much as the other, but the per
oentage of lapses Is many times as great. For ex
ample, in three years more than 67 per cent of all
industrial policies lapse — that is, the pollcyholders
lose all that they have paid by failing to keep up
their payments. The lapses In 1300 amounted to
$112,000,000 and In 1904 to $124,000,000. The percentage
of lapses in policies for five years waa shown to
be more than 70 per cent* In the industrial field.
After three years if the pollcyholdex lapses he re
ceives something In the way of a paid up policy,
and the amount increases wjth years. The fact
was brought out that the average industrial policy
is under $170 "vThen a polieyholder takes out an
Industrial policy his heir under Its terms receives
only half Its face value. If he dies within the first
year, or one-quarter if he dies within the first half
The Senator's examination will be continued to
day. Tt lg expected that among other questions
put to him will" be a number regards- his declara
tions In favor of federal control of insurance.
W. S. Manning, the "rantankerous friend from np
the river." wns pre«^rt at yesterday's session and
showed evidences of living up to his name. He
declared thftt John A. Nichols should be recalled to
tell of his purchase from Manning of the books,
corrrierht and nlates of his publication for $600, ana
suKspriuent Bale of these to the insurance com
panies He also asked permission to tell of efforts
made by the late Henry B. Hyde. to "bribe" him
in the last Insurance investigation and of a $75,000
demand by a State Senator in 1883 to prevent a
MR. HARRIMAN SILENT.
Election of Peabody as Mutual
Head likely To-day.
Not a word of explanation or defence came
yesterday from Edward H. Harriman or from
John A. McCall, the president of the New- York
Life, concerning the recent sensational develop
ments at hearings of the legislative Insurance
investigation committee. Mr. Harriman spent
the day at his office, No. 120 Broadway, and
refused to discuss the insurance situation In
"When the directors of the Mutual L4fe meet
this afternoon It seems likely that with little
preliminary skirmishing they will elect Charles
Augustus Peabody, Jr., an attorney who has for
a long time been identified with the Standard
Oil Interests, president of the company. He Is
said to be the choice of the nominating com
mittee, which is composed of Elbridge T. Gerry,
Stuyvesant Fish, James N. Jarvle, William H.
Truesdale and Dumont Clarke.
The rumor of the coming election of Mr. Pea
body as president was not affirmed yesterday by
members of the nominating committee, but It
was not denied, as was the report that the res
ignations of Robert A. Grannls, first vice-presi
dent; Walter R. Gillette, second vice-president,
and Frederick Cromwell, treasurer, would be
demanding for "housecleaning" reasons.
After declaring that he could neither confirm
nor deny the report of Mr. Peabody's coming
election, Frederick Cromwell, acting president
of the Mutual Life, said:
Of one thing you may be sure. At to-morrow's
meeting of the board no one will be nominated
for the post of permanent president of tho
Mutual Life unless that man Is acceptable to
every member of the commitee. We intend to
have absolute harmony at any cost. The ob
jection of one director would prevail.
The bylaws of the company provide that a
majority vote is all that is necessary to decide
an election. The plan oj.' insisting on a unani
mous vote arose within the board. Officials of
the company laughed over the Idea of D. C
Haldeman, the London agent of the company,
being considered for the presidency. This sug
gestion came by a cable from a gathering of
Thomas H. Bowles, who for sixteen years
was the general agent for the Mutual Life In
Louisiana and Mississippi, and who has also
served In that capacity in Wisconsin and North
ern Michigan, la organizing an "International
Pollcyholders' Association," with the idea of pro
tecting the pollcyholders of the Mutual Life. He
has opened two offices in this city.
It Is not expected that the meeting of tha
directors of the New- York Life this afternoou,
will develop much of public interest beyond tha
possible resignation of George W. Perkins, who
ia going to devote his whole time to Wall Street
in tlie future. Even Mr. Perkins's resignation is
not sure. It was eald yesterday that President
McCall had no thought of resigning at this
Congress May Consider Scheme of
Federal Supervision of Companies*
[From The Tribua* liureau.]
Washington, Dec. 12.— Discussion of. the Presi
dent's recommendations regarding federal regula
tion of insurance has led to a suggestion which Is
commanding attention among members of both
houses ot Congress. Tha suggestion is that the
federal government establish an Insurance bureau,
which shall be provided with examiners, clothed
with powers similar to those of the national bank
examiners, and that this bureau shall have author
ity to grant tbe privilege of attaching the word
national to the titles of such Insurance companies
as shall voluntarily comply with the regulations of
the insurance bureau and subject their business
and books to the examinations of the bureau's ex
It Is pointed out that "national" banks become so
only voluntarily and that they may drop the title
"national" and so be relieved from the Inspection
of the national bank examiners at will. Such ac
tion on the part of banks is extremely rare, for the
reason that it would prove unprofitable, and it is
argued that were there a method devised whereby
Insurance companies could at option become, "na
tional" ail those doing business on sound business
principles would tlnd It to their advantage to be
come "national" companies, and that to drop that
title and suspend the federal inspection which the
•title would Imply would be too unprofitable to prove
the slightest temptation.
It is argued by those who favor this project
that it would entirely obviate the objection that in
surance has been declared to be without the scope
of "commerce between the States," as referred to
lr. the Constitution, and that it would at the same
time prove of inestimable value to the thousands
of persons whose savings are Invested In life Insur
MAYOR MAY SELECT W. C. REDFIELD.
The Brooklyn friends of William O. Redfleld. who
made a good record aa Commissioner of Public
Works under Borough President Swaastrom. said
last night that he was likely to succeed Oeorve
E. Best as Commisloner of Bridges. Mr. Reddeld
has been sounded on the matter, however, and i«
disinclined to accept.
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nater* U on •ach box. »a «»*<o mm
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have hitherto valued highly is impressive evidence of the position that the Pianola Piano has attained
among music-lovers. It is THE piano of the daj.
The Aeolian Company, Aeolian Hall, "ZffSt&Xrls:
The Overland Limited to California
From Union Passenger Station, Chicago, at 8 p. m., daily, arrives Omaha 9.20
a. m. and San Francisco the afternoon of the third day. Through standard sleepers
Chicago to San Francisco. Dining cars and observation cars all the way. Route — tho
Chicago, Milwaukee & St. Paul
in connection with the Union Pacific and the Southern Pacific lines.
Tourist sleeping cars for California leave Union Passenger Station, Chicago, 6.05
p. m. and 10.25 p. m., daily. Personally conducted tourist car partie3 at 10.25 p. m.
Tuesdays and Thursdays.
Tickets from agent of any connecting line. See that yoor ticket west of Chicago
reads via the Chicago. Milwaukee & St. Paul Railway.
Says He Will Seek Support Only from Re
publican Members of House.
Assemblyman J. May he^r Wainwright, whose
candidacy for Speaker of the Assembly was ex
clusively announced In The Tribune two weeks
ago, yesterday sent a brief letter to the Republican
members of the Assembly, announcing his candi
dacy and asking support. In this letter Mr.
Wainwright renews his pledge of Independence. He
I have for the last four terms served as a Re
publican member of Assembly and believe that my
party and legislative record entitles me to con
sideration. I am and Intend te remain entirely
unpledged and shall not seek for support Jn any
quarter outside of the Republican membership of
REPUBLICANS RE-ELECT OFFICERS.
The Kings County Republican Executive Com
mittee met yesterday afternoon In the Joralemon-st.
headquarters and re-elected the old officers as
follows: Jacob Qrenner, chairman; John E. Smith,
secretary; John Cohen, eierk. No business of Im
portance was transacted.
PORTUGAL'S COMMERCIAL TREATIEB.
Lisbon. Dec. 12.— Portugal has concluded treaties
of commerce with Italy. Switzerland and Germany,
whereby those countries, especially Germany, get
great advantages. A treaty of commerce with
France Is under negotiation, In which Portugal U
endeavoring to obtain a favorable tariff relative to
THF CRUISER TSUKUBA DAMAGED.
Tokio, Dec 12.~The launching of the new cruiser
Tfcukuba has been postponed owing; to damage ia
the vessel oaused by an unusually higji Uae.
A Christmas Suggestion : Exchange
Your Present Piano for the
A piano that will give you more actual pleasure
than any piano you have ever owned
Wlm ready *»r fcaat-ftaflßft
In addition to the Weber, there may *ho be had, tke Steck, the Wheelock, and
the S.uyvesaat Pianos in the form of Pianola Pianos. It is important to remem
ber that ao other piano than those mentioned contains the genuine Pianola.
ELISABETHGRAD ON FIRE.
M ob Reported Killing and Pillaging
in Jewish Quarter.
Vienna, Dec. 12.— A dispatch to the "Jfeui
Frele Presse" from Bucharest says:
Reports received here through refugees say
that since Sunday the town of Eliaabethgrad has
been burning and that a mob has been killing
and plundering in the Jewish quarter. A regi
ment is going to ElisaLethgrad from Kishineff to
ElisabcthgTafl Is a fortress and district town In
the government of Kherson. It is on the Ingul
River, 152 miles north of the city of Kherson.
It does a trade Jn manufactured goods Imported
from Odessa, and has a population of more than
NAVAL BTATION IN AOMORI BAY.
Toklo, Dec 12.— What has hitherto been a tor
pedo station at Kominato, in the Province of
Mutsu, will now be enlarged into a naval station.
Kominato is in the well sheltered and commodi
ous Bay of Aomorl, on the extreme northeast coast
of th_e main island of Japan, opening into ti^ Strait
of Tsugari, one of tbe main strategical points in the
naval defence. The port Is in direct communication
with Toklo by rail.
14* lof tha entire Quinine production of the World Is consumed every yes*
"%JOtll Sato* of Laxative Bromo Quinine Tablets
l "*"* 1 ' I '" '■' a * "Curs a Cold in On* IMy."* S. >WOROVB*S »lznatnro on fees* fit
There are two accepted ways of playing tbe
1. By hand.
2. By the Pianola,
BOTH of these methods are united in «h«
Pianola Piano. You can turn from one method
to the other INSTANTANEOUSLY The
Pianola is built into the piano itself, so that there
« nothing to move up to or away from the key
board. Both piano and Pianola are just as ef
fective as though in separate instruments.
H>n tM4y «•» maaoU-pUrtas.
W. 8. HOWELL,
General Eastern Agent,
\ SSI Broadway. »w York.
PORTE STILL SEEKS CONCESSIOBI
Powers' Demands, However, PraetteHy
Accepted— A Frontier Commission.
Constantinople. Dec. 12.— The Porte's '!?'*??
note of the six powers on the subject of *»*?r;
presented to Baron yon Calice, the Austro "fTj[
garian Ambassador, yesterday evening, asks a*
reconsideration of some of the modifications Pj»*
posed by Turkey which were rejected by . *SJJ2£
bassadors in their collective note Pi^^^^-ivSlI
ber 8. The Porte's reply, however, is O ? C 8 3
such terms that it is regarded as being a row**
acceptance of the powers' demands. . __.
A Joint Turco-Persian commission has cs«a -*
pointed to settle tha frontier dispute.
BRAZIL PROTESTS TO GERMAKT.
Berlin. Dec, 12.— Brazilian Minister *"*f
complaint with the Foreign Offlce yesterday 0»w
the action of the German cruiser Pan«»
Itajahy. Brazil, as a breach of international n«»»~
The Foreign Office replied that the incident www.
be Investigated fully and with entire imparUaWj
and that if the Germans were in th* WTOa * *£
satisfaction would be given. No report b**J£]fa
been received from the commander of th« L^t£»
but It appears to be established that stc " li JS-|tsr
man arrested by the Germans, was not a ac»»
and bad not connived at desertion. -firftat
The Brazilian Minister says the 'accounts "jfa
took place are still obscure. The Ml 3 ,**JVn«
that the question was nowlw grave »'"* X *"£, •»
true that Brazil had asked th» Lnitea ws*»»
take action in the matter.
H-'i. ■ »--