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. '"" " ' J ! ; Vol. S; No. 18 SALT LAKE CITY, UTAH, JANUARY 13. 1906. Price 5 Cbntb I Mr, . , . ' FIRED BY A NEW HOPE . Tho recent success of the "Amer- lean, party has brought about a de- r elded and well defined chango In the k political aspect ot affairs in this state. Ex-Senator Kearns, notwlth- standing the most vehement denials, ils the leader, tho head and front of the "American" party. Since the election the press utterances and the . statements of Mr. Kearns himself must 5 have efaced from tho minds of tho . most credulous any Idea that there f was a distinction between tho Kearns party and the so-called "American" t party. Twelve months ago, yes six months ago, the political ambitions of Mr. Kearns wero considered dead. In the language of tho streets he was a dead duck In the political puddle, a "has been," a thing of tho past, so much so that ho had determined to i shake tho dust of ZIon from off his I foot and to bask among the orango S groves of California. Since then tho I aspect has changed. Mr. Kearns has ! been stimulated with a new hope, tho hope of regaining his lost position. i- Evidences of it are seen on every hand. It is in tho air. Tho move- u ments on tho political chess board In- dlcate beyond a doubt that tho Au- ' gust ex-senator is laying his plans to again accupy his former seat In tho most august law making body in tho world and to bo tho political boss of this state, to tramplo on his enemies ' ' and to dictato who shall and who shall not receive honors and emolu ments in Utah. If It should happen that Mr. Smoot loses his seat in tho senate, then the legislature which con venes a year hence will elect his sue- cessor. In that case Kearns thinks f he will have a chance, a good chanco too, seeing ho Is prepared to be liberal ; in his disbursements and that the next legislature Is not likely to bo much If any above tho average of former legislatures. If Senator Smoot re tains his seat, which Is altogether ' probablo, in two years after January I- next there will be another senatorial election. A number of thoso elected as members of tho legislature nt If I autumn will hold their seats till that senatorial election occurs. Tho in fluence of tho Kearns or tho "Ameri can" party, which ever you choose to call it, next autumn will bo very potent. Most of tho people can bo fooled most of the timo and most of tho balance can bo bought all tho time. o So far nothing has developed in re gard to federal appointments. For tho good of the Republican party the soon er the new appointments are mado the better. Tho scramble among candi dates for office begets animosities. Tho sooner tho thing is over the bet ter. o Mayor Thompson mado most of his appointments last Monday evening and they were confirmed by the city council which is all right. With the exception of City Engineer Kelsey and may bo ono or two others, wo can't congratulato the mayor on the calibre of tho men ho has selected. With tno exceptions referred to, thoy are about the scrubbiest lot tho mayor could have found If he had sot out with tho deliberate intention of finding scrubs. Wo hope they are not a fair average sample of the "American" party. Any way thoy have been selected and con firmed and we hope they will be given a fair chanco to do tho best thoy can. Tho list reads as follows: Chief of Police George A. Sheets, Fifth ward. City Engineer L. C. Kelsey, Fifth ward. Supervisor of Streets and Irrigation Jacob T. Ralelght, First ward. Building Inspector D. W. Gamble, Second ward. Park-keeper H. F. Heath, Second ward. Sexton John E. Wiscomb, First ward. Scaler of Weights and Measures H. H. Brought, Third ward. Health Commissioner Dr. M. R. Stewart, Second ward. Land and Water Commissioner Frank M. Mathows, Third ward. Food Inspector Walter J. Frazler, Fifth ward. Humane Officer T. A. Herringer, Third ward. Plumbing Inspector Frederick Spencer, First ward. Poundkeoper Walter Cromo, First ward. MARVELOUS EXTENT OF LIFE INSURANCE. Half of all our people are affected by life Insurance, and affected In their closest and most vital interests. Tho policies aro in largo part kept up out of tho savings of men for tho support of children and widows. Mr. Louis Brandels, counsel for the protective commltteo of policyholders In the Equitable Life Assurance Society, gives some almost appalling figures. In tho old lino companies alono there were, a year ago, 21,082,352 outstand ing policies, for $12,928,493,754, or a sum greater than the actual value of all the steam railroads in tho United States. The assets are inoro than three times tho aggergato capital of all tho 5,331 national banks In tho United States, and tho income of these Insuranco companies Is greater than tho total revenue of tho United States government. Tho numberless assess ment companies and fraternal benefit societies also provide life Insurance. Even the legal reservo companies in sure, in tho main, persons of small means, performing essentially tho function of savings banks. The largo company advertises with pride Its million dollar policies; but in 1904 tho average size of tho policy in tho Equitable was $2,G48; in tho Mutual Life of Now York, $2,351; and in tho Now York Life, only $2,070. In tho Metropolitan and In tho Prudential, which join with tho ordinary life in suranco business the specialty of In suring working people, the averago policy is only $183 and $178, respec tively. In spite of tho largo policies held by a few Individuals, the llfo in suranco of this country is in tho main held by what wo term tho people "that largo class which every system of business and of government should seek to protect" A special danger In theso vast ac cumulations Is that thoy are "quick captal." And horo Mr. Brandols words aro of special lucidity and value. Ono billion two hundred and forty-seven million three hundred and thlrty-ono thousand seven hun dred and thirty-eight dollars, tho as sets of tho Big Three, is a vast amount, btit. tho control over finan cial matters exercised by theso threo companies Is out of all proportion to this sum. Even in combinations llko tho Steel Trust, the Standard Oil, the Beef Trust, and tho great railway com- H binations, a menace Is admitted. Yet H tho capital of theso great comblna- , H tlons is permanently invested mainly H In lands, buildings, machinery, rails, H equipments, nnd theso manufacturing H and transportation companies nre dl- H rcctly dependent, therefore, for their il prosperity, upon tho prosperity of tho H country. Tho llfo insuranco com- 1H panles, on tho other hand, not only aro M dependent on prosperity, but reap cor- H tain benefits from adversity. The so Ba curltics thoy already hold aro not im- M periled, and they can purchase new M ones to better advantage. Mr. Bran- Bb dels is a conservative and sound law- Bl ycr, and ho calls tho insuranco com- BJ panles tho greatest economic menace B of our day. H Federation regulation as a remedy BJ for Insuranco evils receives rough M treatment from the counsel for the jBJ policyholders of the Equitable, Tho M solo effect, ho says, would bo to free 'H tho companies from the careful scrut- 'B lny of some states, and It is fitting B that a bill for this purpose should Bfl havo been introduced by Senator Dry- M den, president of tho Prudential, M which pays to stockholders annual dlv- BJ ldends equivalent to 219.78 per cent M foe each dollar paid in on tho stock; BJ which devotes Itself to Insuring work- BJ ingmen at an cxpenso of over 37.29 on BJ every dollar of premiums paid; which B In 1904 made tho worst record of lapsed and surrendered policies; and BJ which wlshGS to got rid of such trou- Bfl bio as was mado for It throo years IB ago by tho Insuranco Commissioner BH of Massachusetts. The romedles most M favored by Mr. Brandols aro: DIscon- BH tlnuanco of deferred dividends; aboil- 'IB tlon of lavish payments for solicitors' Bfl and agents' commissions; prohibition IB of forfeitures; prescription by law ot Bfl standard forms for policies; restric- Bfl tlon of investments; restrictions on ifB tho executive officers with regard to B their private enterprises; publicity Bfl and clearness in accounts; and llmlta- BH tlons upon slzo of companies. We ad- Bfl vise everybody vitally Interested In BH this subject to write for Mr. Brandels M pamphlet to the policyholders' protec- . H tlve committee, 1G1 DovonBhlro street, HB Boston. It is tho best essay on the BJ subject wo havo seen. Collier's BJ Weekly. BJ BH TRUTH Is a legal journal. Send la H your Mining Notices, Assessment Ne- BJ tlces, and Delinquent Notices. TRUTH BJ