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n m ** "W ' f** Review of 1906 and Announcement for 1907 To the Field Force. GESTXEMEWi r ~ "^ m ' It Is our custom to addrwss yon each year at the time of our ynrrrni Cnseiinteadents' Convention. Usually this is held about the mftdflle of January, and the topic of the Buixetht is naturally the AxstuJ Statement of the Company. This year the Superintendents meet ln convention the middle of December, and obviously the reoord of the year la not made up. and It would be premature to •«>t forth the progress of the Company ln Its business and finances. We shall have something very pleasant to say to you before we close about what you have accomplished; but our immediate object la to tell you about our plans for next y«ar. IJTDUBTBZAL DEPABTMECT. Tou fcave luiwvn from numerous addresses, both oral and Vi!tt*n, \rhat onr ambition has been for years In the Industrial part at otxr r-tisirw»«j>. You will bear us witness that our treatment of the policy-holders has been one of progressive liberality ever f irtoe the present administration of the Company began. The very first year of Its Incumbency Paid-up policies — theretofore unknown to Industrial insurance in this country were announced: and every year sine* then fomethiner has been done for Industrial policy ho2Cers beyond any promise made in the pollcle*. Bulletin No. 195 set forth these concessions and bounties np to its d«u«. and since then the saoeaastM years have been marked by progressive gifts and benefits offered to policy-holders; and this year the Company has been disbursing the enormous sum of about ftro millions of dollars ln voluntary dividends upon non-partlclpating Industrial policies, bringing the total amount of vnpromUed dividends in twelve years to about ten millions of dollars to Industrial policy bolders irs the form of dividends on premiums, dividends on death claims and increases of benefits upon existing polices. TVe have b<=-.*n enabled to accomplish this work all these years by steady Improvements In business methods, by steady extensions of buslnees territory, by steady additions to insurance in force, by watchfulness in writing and taking care of business, resulting In a dacreasingr death rate, decreasing lapf>e rate and decreasing expense rate. Th^se Improvements we have announced to ymi from year to year, but perhaps from this very fact — their gradual, steady progressiveaeas you have failed to grasp their full significance. Tet year by year we have told you our — to reduce expenses, to Improve the death rate, to better the policies, to distribute the •urphis, so that each year a larger proportionate amount oould be returned to policy-holders and a smaller proportionate amount used tn expenses. Within the last f»w years our disbursements for death claims have been so continuously and markedly less In proportion to In come, and our Improvements in ratio of expenses shown so steady en Improvement, that w. thought the time had come to make a fdrmiflc resurvey. sa to speak, of the technical features of the business. We have made Investigations Into our mortality and drawn off into various periods our experience of mortality. The mortality tables upon which so* present tables are loondad were taken from the experience of 1890-18S4. A comparison of this v,ith tables taken from the experler.ee of other periods has shown a Steady bnp*a*«»Mßt In mortality. Tn the case of children the result is really startling. Tak<>. for Instance, a^e two next birthday. Our present tab! shows 49.3 d*-ath* p. thousand; a table 1896-1905 fhoT-s but T. 6.9; nge three the figures are respectively 32 and 24.8; age five 76 and 9.5: ase ten 5.5 and 3.8, and this Improvement runs through the Infantile tafela. As to adults, there Is also a marked Improvement. Tbesw facts convince us that rh^ time has come to construct new tables of benefit" founded upon our experience of 1886-1905; and we are confirmed In our conviction by Urn fact that a tible drawn from the years 10C1-19C5 Shows a better experience than that of the full d^-cad^ And it wns to us Just to base these tables upon the experi-noe of white, lives: ard to give benefits based upon the Improvement which w« foel certain Is permanent. How great this improvement is we illustrate by a few figures comparing tne table upon which our present benefits are based with a table of TRIE ALARMS SHOPPERS'. tßlaze in Clumvey Nearly Causes "hlacy'x Patrons to Scurry from Store A rhimri«-Y in the "Bobby" gmlth Building, at No. 1213 Broadway, adjoining- the B O. Macy store, at Broadwßy and B<th ■Uett. shortly IWore 4 o'clock yesterday tfteniooq. caused a rush Is. ba made for the exits by about tw.-r.Ty-;iv. thousand Fhoppers. mostly women, wlm n■ r- dolnjr th»-lr Chr!etma» •hcrpirii? in the tip o>partmpr.t ftore. If it had riot \f<-n for the eoolpt— sf the flx tboosand en ployes in tie store, under Sur*>r!r.'en<l(-r.t Pitt, and the effort* of the police reserves of the 17th SJftfl Z2th Precincts tVe •EeftCßMSt nucht have enCeA in A paaia. Forttinately. ih<» only damage -was to hats, clothing and parcels, ■jrhich were more or lets damaged in th» crush on the stairways, in the elevators and at the exits. The tarn was discovered by a man who was pass ing th« store at the me. Da Immediately s*t up th« cry, "Macy's is on f--: Others took it up end ruFhed into Mary's, shouting. "The store is on f.rt' Qet sotT" BooadsSßaa Howe, who was stand ing near ty. turned in an alarm and a «all Isr re twrtes and then hurried to the exits of the store *-:- v . wv^ral other policemen. In the mean time Supefir.t^n<Sar.t Pitt had h« ar<i the cry .-.-.•; at on^e met't orders to the floorwalkers and other CB rl^ves to t»! the shoppers that there was abso lute!y r.o danger and tr> see that every one went ©•Jt as g*Ssdy as possible, The result being that th*re wei r.o e'.frr. of a panic. Nevertheless there tt».s a lot of «oteit«in»nt, and the shoppers rour*d out of Lhe #-xits. vvujc-a ' >." fire started In the kitchen of the rathskeller 8? J. L Murray, in the basement of the Sm'th »ut.<lli ar.d the flames from the chimney set f.ra to the ro©'. which was of tarred paper] Th«s dam *g*- WLIB about JIOO. PARDON FOR ELLENBOGEN yiction Taken by Gov. Higgins Mayer Recommended Clemency. Albany. Dsc Governor Hl^glns to-night announced that he had pardoned Samuel K. Ellenbogen. of Xe-.v York, convicted of pel July in that cny in 3V**",. following an Investigation of alleged election fraud* in connection with the municipal •ssetssn. Ellenbogen received an ln detemilr.au SMitence. His conviction was af Every Train a i \ Two-Hour Train / \ From a.m. to (p. d. / \ | TO PHILADELPHIA I / — - VIA 1; New Jersey Central 1 1 / Train Every Hour \ t on iho Hour \ f &c*reW.adfct.Umiscteibe2er*t£e!iocr \ CUttoniWeflTsDST. EXCELLENT 1 ÜBEKTf «. DWISQ BEBVICE thiiTWtfliT TM irinm hip OUR WATCHWORD: '* First, last and all the time, a business in every respect beyond reproach." "The Company OF the People, BY the People, FOR the People." CLYDE POWERS AND SIS TRAINED PIO PHfEBE, AT THE HIPPODROME. firmed a few weeks ago by the Court of Appeals. Attorney General Mayer, who conducted tha prosecution In Ellenbogen's case, recommended executive clemency. SamueJ K. Kllenbogen was a city marshal and Tammany district captain In the 2d Assembly Dis trict. He was found irullty of p«rjury on Novem ber 28, 1905. in the illegal registration of »wo men from Ho. 55 Mott street, whose real places of resi dence were in Rutgers street. He was prosecuted by Attorney General Mayer and made a general denial of the accusations. Questioned at the time about four charges brought against him by the Mayor, Ellenbogen declared that they ha<! all been proved to be based on misunderstandings. Cross questioned as to the statement by George W. Mor- Kan. Superintendent of Elections, that Kllenbogen had made an affidavit that Jacob Mendelsohn lived at No. 65 Mott street. EUenbogen declared that he had not nid this of his own knowledge. The lurr was out se-ien hours. PHG BE TRAINED HG. AT HIPPODROME Hitched to a Wagon, Animal Performs Vari ous Evolutions at Command. What was said to be the flnrt trained pig ever exhibited anywhere in the world was shown to the Hippodrome audience yesterday afternoon when Clyde Powers, the professional trainer of geese, introduced a fine. fat pig. named Pho»b«. I hCßbe had been rehearsing for nearly a year be fore Mr. Powers was able to "break her to har- MM - He hltcaed her to a small express wagon yesterday, and then mounting ttie seat drove her around the clrcu* ring at the Hippodrome, made her stop and lrO forward at command, and perform ?»?«t 1 L * Vo '- 1 V orUi - Mr I<uw " r < says tbi- i, atywher^ &VS b " yen U n drlVfcD iv harw ™ NEW- YORK DAILY TUTKrjXE.- THTKSD AY. DECEMBER 20. 1906. INCORPORATED BY IMF. STATE OF NF.W YORK. STOCK COMPANY Bulletin No. 475. - New Yorx, December Bth, 1906 white lives for the last ten years. Dcatlif p*»r thousand: age two next birthday 49.3 reduced to 34.7: qjre three 32 to 22-ft: ape four 21.6 to 13.2; age five 16 to 9.5; ag.- ten 5.5 to 3.4; agre twenty 10.S to 7.1: age thirty 15.7 to 11.1; age forty 19.3 to I4J The other ele ment besides mortality involved in a table of benefits Is of course the empens*. As you know, our ratio >>f expense to premium Income has been falling for some years; this year the reduction has been phenomenal and will reach, we think, by the en>l of the year, three prr cent.! This alone means a saving of nearly one an<l a half millions of dollars! w> shall show a lower ratio of expense for 1906 than has been experienced by any Industrial company in the world. One other 'l*»m*»nt goes Into the construction of tables of benefits; and that is the maturity of the policies. When we made up our present table we were convinced that the publtc was enamoured of endowments. Our Industrial business has been issued for ten years, as you know, mainly upon Endowment tables — Increasing: Life and Endowment policies and Twenty-year Endow ments forming a very large proportion, In some years over 90 per cent, of our total business, One disadvantage of this table has been that it largely Increased the reserve. Our children's Increas ing Life and Endowment polidi have been endowments payable after periods of 47 years and upwards according to age at issue. Compared with the Whole Life tables issued by other companies these have made mcessary the accumulation of an increase of many millions of dollars in reserve. Unthinking persons come to the conclusion that this piles up the wraith of the Company, for getting that along with the Increase of assets runs the increase of liabilities, and that the tcealth of a company consists in its sur plus; and completely overlooking the remarkable fact that we have deliberately kt-pt down our surplus to about ten per cent, of our assets by annual distributions of the excess of surplus earned to the policy-holders who contributed to it. Public opinion has changed, and now cares more for death benefits than endowments. We are ln business to please the public. We have a good deal of evidence that Ordinary Life and Limited Payment Life contracts are thought preferable to Endowments. We have resolved there fore to discontinue our Increasing Life and Endowment policies, which were designed to meet the public demand formerly existing, and which were, we believe, the first tables ever really scientifically constructed for Industrial policies. Our new Industrial policies will therefore bs Whole Life contracts. But we think that as to these there are sl^ns of a belief on the part of the public that payment of premiums ought to cease with old age. It is hard for people to ccc what to any mathematician is self-evident, that in life insur ance the compani'-s are enabled to pay the policies in full on lives of those who die soon after insurance only by the receipt of pre miums from tho^e who live out and beyond their expectations; and that the apparent hardship upon those who live long Is only the contribution to the unfortunate which is the essential basis of life Insurance. However, it Is possible of course to make tables for limited payments, and the problem Is therefore to fix an age that shall not be so young as to raise the premiums or (what Is the same ln ludustrlal insurance where the unit is the premium and not the amount of insurance) to reduce the benefits unduly: and on the other hand to fix the age not so old that the benefits of the limits of payment of premium shall be lost. We have fixed age 75 as the limit of payment of premiums, becanse at that age we are enabled to only slightly reduce the benefits during life and because we have not received many complaints of the necessity of paying premiums up to that aare. And to the occasional complaint that "pe«<ple never live to such old age." we may answer that in 1906 we all have voluntarily, as matter of grace, paid about 2,700 claims as Lndowmtnts on policies issued as Whole Life on persons reaching af?e 80 after paying premiums for 15 years or over. ns*r'!cting a table of benefits upon these four principles — ■vThol- L'?*- instead of Endowments; our recent mortality experi ence instead of our old; a loading proportioned to our reduced ex penses; and the payment of premiums ceasing after age 76 — we shall put forth for 1907 new tables in the Industrial department which are better than any c< mnany has heretofore Issued and better than we havo ever fore this felt it safe to issue. The most striking change is in the Infantile table, because there we substitute Life tabloa with payment of premiums limited to a«re 75 for our comparatively «hort Increasing Endowment tables now in use; and are therefore enabled to pay in benefits what we have been compelled to hold as reserve liability upon the endow ment features. Our vetr Infantile tables uill pay nearly as much in death benefits fc* a weekly premium of fire cents as vce have heretofore paid for a weekly premium of ten cents. It is of course understood that the law xes a maximum of benefits payable upon children, and this we cannot exceed. We have therefore increased the benefits at the later ages for persistence. Thus at age two at entry the benefit In ensa of death at age nine is $173, while the benefit at age three at entry dying at age nine Is Jl6r and the benefit at age four at entry dying at age nine i.s $165, and bo on. This is a recognition of the additional years for which premiums have been paid by those entering at earlier ages wh^n death occurs at the same age. It fol lows from this large increase of benefits for five cents that here after no policy •will be issued under the Infantile tables for a total CHILDREN WERE BRAVE. Pupils of P. S. SO Sit Still Though Fire Threatened Building, In spite of the fact that the clan^ln^ of the bells of many fire enxin«- and the clatter of the ap paratus as it rattled up could be plainly heard, and that the rooms were thick from the smoke that poured forth from the burning house next door, twenty-eight hundred children in Public School 3o| In East SSth street, yesterday sat still in their seats under perfect control of their teachers for a long fifteen minutes, unlll th# usual noon recces bell ran*. Then, without any sign of disorder, class by class, they were dismissed under the guidance of th« teaching: staff. th» enly departure from the ac customed practice being that all left by the east exit, the western one being too full of emoke to permit of Its uee. The flra was In the five story tenement No. 214 East SSth street, and started In the apartments of Mrs. William Kelley. on the third floor. There are lour apartments on each floor, and twenty families live there. Mrs. Kelley went out shopping and left her two children— Willie, aged nineteen months, and Paul, two years asleep on a bed in the front room. Mrs. Schrnetterer, a neighbor, saw tmoke pouring from the Keliey apartment, and, looking In the room, saw the children lying on the bed. which was on nre. She threw a bucket of water over them, grabbed one in each arm and. calling her own two children to follow her. quickly ran up the fire escape to the roof. An alarm *vn» turned In. but because of delay in the arrival of the engines the fire spread to th« fourth and fifth floors, which were gutted. All ■ '•'•??,- k.i vp l' eT parl " tne house were forced to , . ' v '">" > foot. I h 'fin? is believed to havo be«-n caused by at coal f»s6j I:i a stove. The damage was given as premium of more than five cents. And to meet a desire for less ln surance, especially In large families, we have a table with propor tionate benefits for a weekly premium of three cents. fhtr Adult tnbtes shoic <i» increase of benefits for tha same pr-- mivtH t;iK«rl strictly upon oui tables <>f mortality. At age t»n th* Increase in 12 l 4 per cent, over our present Llf« table and nearly IS per cent, over our Increasing Life and Endowment table. At age _•) the Increasa Is over nine per cent, and over , 23 per cent., re spectiv< at ape 30 the increase i« nearly six per cent., and -arty 20 per cent, respectively: at asr* 40 the increase la two per <^nt. and over II per cent, respectively, and so on. And in comparing thf«e tables with our present Whole Life tables tand with those of most of the other Industrial companies) it must not be for n::tn that these old tables provide for payment of premium during the whole of life, while under our new tables payment of premiums ceases at age 75. We have Increased the immediate benefits under all of these policies in accordance with the ruk- we made retroactive this year. to half-b?nefits during the first six months and full benefits there after. We have introduced into all of these policies new features ln the way if surrender values. Paid-up policies will b«» granted after three years Instead of five; extended insurance will be granted after three years, at the option of the holder: and cash surrenders will be paid after ten years. The policies will be in new and at tractive forms, with three pages Instead of two. in order to set forth all of the concessions, making the rights of the policy-holders co plain that any one will be able to tell what he is entitled to. And the whole contract will be expressed in the policy, doing a.vay entirely with the necessity of a copy of the application, using the form ln this reipect for all policies which we adopted many years ago for policies under $300. Obpinabt Department. One of the most striking results of the Armstrong Investigation was the adoption of a provision restricting expenses for the first year of the life of the policy And what is most interesting as well as complimentary to the Metropolitan Is the fact, which appeared in the newspaper discussion at the time of the adoption of the re port and bills, that this restriction by law was Justified by tr« ex perience of this Company in the matter of expense, as shown by an analysis cf its annual reports. It Is true that this Company kept its expenses almost within the limit prescribed by the new statute. But the statute is a penal one, and we cannot run any risk of overrunning the limit of expense. ThKs necessitates a reduction of commissions, but the reduction will be very much less than that made necessary by the companies issuing participating policies. This Company trill not issue after this year any other than nor -part id pat ing policies. In fact, in the true sense of the term, we have not Issued any other for nearly fifteen years: for. as we have oft*-n explained, the Intermediate and Special Class policies were baaed upon stock or a non-partlclpatlng loading, and the dividends promised. If earned, were expected to be derived from the mor tality. These pcllcles were entirely novel and we had little ex perience to guide us. The Intermediate policies were based upon our Industrial table of mortality and were designed for Industrial risks who could afford to pay annual Instead of weekly premiums: and the mortality of such a class could not be foretold. The Special Class policies were for substandard risks as to which the mortality could not be accurately predicted. What we undertook, to do was to pay back to the policy-holders the gain from such Improvement in mortality over the expected as should be actually experienced. As participating policies are baaed upon a higher or so-called mutual loading, out of which dividends aro expected to be earned, we claim that our Intermediate and Special Class policies based upon a stock loading were ln principle non-participating. All of our other policies ln the Ordinary Department were by their terms non participating. The law has Justified us in the principles -we adopted fifteen years ago, and to-day the Armstrong laws and the similar ones prepared for other States are a vindication of the Metkopoli tan principles in which you have been trained. We have now an experience of Intermediate and Special Class risks which enable us to prepare non-participating tables. The tables of premiums as to these policies hay© heretofore been completely readjusted. We think you will find them most attractive. We realize that we shall henceforth have more competition ln non-participating policies. Other companies have announced their purpose to restrict their issue to this form. We have therefore thought it ln your interest as well as our own and in the interest of the public, which is superior to both, to use a part of the reduc tion of commission to effect some reduction of premium. N>w tables have been prepared which we think will be attractive to our cus tomers and which therefore will be profitable to you. In adjusting these commissions we have thought It only Just to restore to th-> Superintendents an interest ln them which we were compelled to withdraw a few years a?o and which you remember th» Tiff Tttial dent promised at the time to restore when we should be able To ar range It. And we have also recognized the good work of Assistant Superintendents by giving them an interest in the work of their A Regina Music Box Is a Christmas Investment |T yields big returns because of the satisfaction and enjoyment it gives. It 3 * music is its own ; the kind that charms and holds all hearers. Each new tune disc makes it a new gift. There is nothing more appropriate and more acceptable than a Regina Music Box. Victor Talking Machines, $17 to $500 Edison Phonographs, $10 to $60 Regina Player Pianos, $450 to $750 Regina Chime Clocks. $1 75 to $370 Our Broadway store is Christmas headquarters for musical gifts of the present Open E,vcnings TKe only manufecturen of music boxes in America. II V TROLLEY TO BOSTON Permission Granted Neiv Haven Road to Widen Roadbed. Permission has been granted by the New Ro ebelle Common Council aad the Board or Village Trustees of Larchmont to <iiii>w the New Xork, New Haven * Hartford Railroad to widen its ro«<J.> 1 to accommodate eight tracks and to op atmta a. trolley line DStWSB those two points, completing the company's trolley circuit from the Harlem River to Boston. The railroad made ap plication on Tuesday to Mayor Clarke and the oard of Aldermen and permission was granted yesterday. COLLECTOR OF CUSTOMS AT HAVANA. Havana. Dec. 19. — Governor Magooii has ap pointed Saturnlno Laatra Collector of Customs, vice Manuel Despaigne, resigned. Senor Lastra entered the customs service in 1898 and served under Collector Tasker H. Bliss, and at the re oeat intervention by the United States waa made assistant collector. His appointment ia highly approved In commercial circles and by politi cians of all partita. There Is only one case of yellow fever In Ha vana and none In the Interior of the island. Major J. R. Ktan, of the medical corps, is Uopo- Regina instruoients ate sold on the payment plan, if preferred. We rrruiuiiivd CiIANT 9CVIO. const mctrd anwlsll. to warn. Mor*,. Hit.. Shop., l^fu H^uiTV^^lSZ nt. fl r , , th- furnaoi*-- u »c th* SI'VMV linn tn Sctio^* a cou r °° n u »* *^ nil ! ■ iniH»i;i VBI.E IJU i KroNOMir.%l. H'SK HIVIO PKICEB, 0.V.. $1.13 $iMI ZEE SEET ,JAS HEATER* «c an P a Acin" al Dl3COUnt '-^■•TnUJ., >I'VIO HE.%T * UCUT CO b«nt prcpairt. Tel. I«4»— riaxa. Op-n Ever.ln ». ™the a k^ as r ber WUI WUnMS tb * • radlcatlo « OFFERS STOCK TO TELEGRAPHERS. The Postal Telegraph-Cabl* Company reo#m of r«r*i preferred lOCk to it. u,l.grapb.r. to th» - .-ra ing department In th« main ofllct at Na M ioT W 7\ Tb ° * r WUI * «t*nA*4 to .11 <Z '?-v, company. •«. t aU-n t t°pLn W ur tSV^L?** - h *~ » a -«- agents. We realize that the duties of Superintendents and Assistants include the instruction and training of Industrial agents in the wcr< of the Ordinary Department. We want all of nur amenta to be all around Insurance men. Our Superintendents arl Assistants hart Impn— up"n them nf* a dutj- the supervision. th» constant help and encouragement and the education of their agents. We b»v% made ir an interest as well as a duty. Our new policies will be found nu>.«t attractive In form and m more attractive ii? substance. They contain all of the advantage*) and concessions which we can afford to giv* and which the. publto hav> a right to expect. The surrender values will be found to bs generous and take the optional forms of extended Insurance, paid up insurance and ca.w'n. They are the standard forms of the 3f<sw York Department, the work of experts which has legislative ap proval. They are as plain to the- understanding as they can be made. "We have discontinued many plans as unnecessary. "We shall issue Ordinary Life. Limited Payment. Endowment and Term plans; and we have applied for permission and hope to Issue in addltici three plans which the public have stamped with their approval— namely, th^ Optional Life or Endowment, under a new nasM, ta» Modified Endowment with Life Option; the Guaranteed Dlvldiad, also under a new and more descriptive name, the Guaranteed Ta. creased Endowment; and the Reduced Premium Llfa under lta om» name. Life with Reduced Premium after 20 Tears. Tins Ysab, 1906. , Tou have started well. Last year, the year of fh* limiatTaallis^. you did the largest business we had ever done. The first part of this year the paralysis which Beemed. unreasonably and unneces sarily, to have fallen upon the business in general, appeared to have affected even — even more unreasonably and unnecessarCy. Finding this to be the fact, the Vlco-President appealed to you ia personal conferences ' with the Superintendents In llttlo groups all over the country: pointed out to you the facts and conclusions of the Armstrong inquiry and the results as embodied tn legislation: showed you the" essential approval w« had received In our work fci both departments, and asked you to respond to all this for the re mainder of the year by making the best record you had ever oada. This was in May and June. It would b« most ungrateful not fc> make this public and general acknowledgment oi your response ta the appeal, and on behalf of th» Vice-President I give to you hl3 personal thanks and add our official acknowledgments. The year la not yet ended and we cannot therefore teU the whole story. But for the months July to November, inclusive, compared with the «axa» months of previous years: You made the largest amount of Industrial tncreas* which t£s Company ever made, except tn 1894 and 1903. • The agents wrote the largest amount of Infisstrial bustnssß* average per man. of any of the last ten years. The average lncreasa per man was larger than for any og^ss) past ten years. The ratio of lapses was the third lowest for tsn years past. The number of transferred accounts was the lowest for aega% years, notwithstanding the larger force- of men with which we started and the larger reduction In the force we have made this HSM The collections were the best in the fiitrtory of fJW CempcTwl The death claims reached the lowest ratio for the last 23 yean notwithstanding the increased average age of the policy-holders. The special 9alary to agenta averaged the largest amount la the last ten years; and yet we saved $100,000 In the total compared wtCi last year. The saving in total cost in these items alone, medical fees (be cause of a reduction in number of applications). Assistants* salaries and special salary, was at the rate of a million doUars a year. We may add that the Pacific Coast kept up with the procession by the remarkable feat of covering for the year the enormous lapss caused by the earthquake and Is certain to do3e the year with a handsome increase. In the Ordinary Department September about eqoaOed 3»p6— ber of last year, while October and November largely exceeded tbm corresponding months of last year, and December promises to be a record breaker! And taking the last six months for comparison— June to No vember, inclusive— you wrote more Ordinary than ever was written by the Company in the corresponding months and exceeded 1903 by over six millions and a half; and this it must be remembered by more than 3,000 less men! We are proud of this record and we are grateful to you far your generous response. We cannot say more than to wish for you and yours the happiest and most prosperous year of your lives ia 19071 Very sincerely yours. John 9^ Hegeman, PRESIDENT. If you want to make yourself •• economical Xmas present — • At $13 and at $20 there are Bsf» bers of frock coats and cutaway* *t well as blue and black cheviot donM^ breasted suits which were innc& higher. Also among the mixture sack sa& the usual shaking down of prices fcas begun, making extra values at $15 and at specially for large ■■* As for the bov — Broadway and 17th Street There are extra values for him tco all through the boy's suit stock Rogers, Peft & Company ThtM Broadway Stores. 23S 842 B» at at «' Warren st. 13th St. *'* * are a JeHcate brss* «* ll .fjj PRQTQ 6n °* starch - Xt 1 \2?55 rnu i u gooJ things oi USt *&* a • PUFFS tclligent people neti •Ul JJ Health Food Co.. 61 S& *■*•* i% " Protein* is the life of the qOHTO World. If bresd haa none it ia pltU ' w worthless: if it has little it ' 3 n| |CC^ worth Uttlt. Highest protcid l »HU« '» 81 Mt Prospect Ay . Nswsrk, • YALE CATALOGUING "BRA^^ Th« Yale library aatatMttlss h**» '^ftlcs**' B*'*8 *'* colteettejr and catalogui"* of *****; wj6 b» " and sdentlno subjects In not CB Z. vi l private libraries ai N»w Harea. !• » *T Jlit *' when the work 1» coajpletsd » w^l rU ,*■' be abla to consult in prtr*M jsr»R»» •»• not avallabl* ftUttwber*.