New-York tribune. [volume], February 14, 1908, Page 3, Image 3

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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VO.VTNAME DELEGATES
IS LESS TO EXD DEADLOCK
Then Hughes Might Indicate Pref
°-\ ■ erence if Both Sides Asked.
4 |
y IBy 7>:ecr*ph la The Trlbuce.J
- Albsnr. reb - 11, — the state convention to
is«lect de>ea*es-at -large to the Republican N?.
ttosal Convention should get into a factional
deadlock Governor Hughes might consent to in
dicate his preference as to the personnel of the
delefration, ■ y men who have talked with hi:n
en this subject. He would not do this in any
case unless both sides appealed to him to do so,
and no conditions less serious than that would
cȣFe him to say anything about the naming of
delegates by the convention.
Before State Chairman Woodruff announced
v - intention to call on ths Governor to name his
<!e>r3.:e* the Governor refused to discuss this
contingency for publication la any way. Some
cl his close friends, seeing that chances for fac
jjenal politics in the state convention looked ex
cellent, have talked over the situation with him.
Their ••:••• is that this attempt to get the Gov
ernor to name delegates is a rather thin effort
on the part of some of the factionalist leaders
jo c" rid of an irksome responsibility. If men
lamed by the Governor should betray his in
terests at Chicago, he would have .only himself
to blame, while ardent Hughes men feel that
for the Governor to remove this responsibility
from the i lini|hWia of the New York State lead
ers would operate practically to let those poli
ticians do about as they liked in the national
convention. •
■^"aft men would be a: liberty then to work
for Taft at Chicago, and there would be no good
comeback from their i»eople at home if the
Governor relieved them of their proper respon
sibility," ra;d on- Hughes man to-night.
A* the Governor's friends here represent his
'vie*e. «he argument that it is according to
precedent for a favorite son thus to name his
(5»l«s-at€S carrie? weight with the Governor.
I choice, unless dictated by absolute neces
sity ef avoiding an irreconcilable split in the
party, wcnolil inevitably savor of politics. Gov
ernor Hughes has said that he would not play
j<Uiric* it directly or indirectly take part in
the choosing of any delegate to the national
coev^r On that, his friends say, he stands
<*■ HI
William Barnes, jr.. leader of Albany County
sad a pronounced Taft man, has taken himself
out of consideration as a -at -large, and
fcas c* ■'■ that State Chairman Woodruff and
ethers of the Taft sympathizers, as well as all
the Odell-Hughes leaders, should not be sent to
Cfeicasro. In the leading editorial in his news
japer *»rgan to-night he praises the Woodruff
plan of lettine the Governor select his dele
pates-at-larce. With a state campaign approach
jag in which the Democrats and Independence
Leapuers may combine, he says it is of the
tiehen importance to have the men managing
tit Governor's campaign free from accusations
■cf treachery or lukewarmnest — "that, although
rominsily in favor of the nomination of Gov
eracr Hughes for President, they really favor,
ca the on* hand. Secretary Taft, and, on the
crfcer. Speaker Cannon."
"It wou'd be ridiculous,"" he goes on, "and
'•aould make the party a -laughing stock in the
Bftale and in the nation to send four delegates
et-large instructed for Governor Hughes who
s«e real.'y for Speaker Cannon, as would be the
case if the Hughes league element should con
trol the state convention — an utterly unlikely
event, however. It would be equally unfortunate
■■■ four z B-at-kajqßai should be Bent to the
sationa' convention instructed for Governor
Hurbes who were really for the nomination of
v- Taft."
Xa politician could afford to go to the con
vection as a Hughes delegate unless his heart
was hi is work. Mr. Barnes says, adding that
destruction is bound to overtake any man who
not faithful to his constituents. Then he says:
"The newspapers have mentioned several men
wye naturally, because of their political experi
ence or personal ability, would be selected as
delegate* -£t-larere. Among them are Elihu Root.
Gaarge B. Cortelyou. Timothy L. Woodruff,
Xboaacs C. Platt. Chauncey ML Depew, Edgar
T. Bracken. William Barn*-?. jr.. Herbert Par
sons. William L. Ward. Frank S. Black. George
"W. Aldrid^e and J. S. Fassett. If the state con
vention takes the position which we have indi
cated abevp. none of these men is eligible for
delegate -at - lar^e."
There seems ;o m been a ?oneral waking up
by politicians here to the fact that there is need
far eitremely hard work to keep this state in the
Bci<cbUcas column this election. Republicans
..». Senator Raines, legislators of much lesser
calibre and politicians of every grade are now
talking about the grave danger of the state's
taming Democrat. ic if a conservative candidate
at chosen oy the Democrats. Hughes men de
riare that only the Governor as a Presidential
candidate could avert the danger, and say that
& realization of lhah. fact will play a large part
si th* deliberations both of ihe state and n^
tiecal convention.*.
HUGHES ORDERS EXTRAORDINARY TERM.
Albany, Feb. 22. — Governor Jiuphes, at the re
quest o* Presiding Justice Andrews, of the 4th
Judicial Lwpartm«=nt. has designated Supreme
Court Justice De Angelis. of Utica. to hold an ex
trfeordinary term of tiie - - rasa* Court in Oswego.
■rajimil na. Slarcb 16. for the trial of two murder
cas^s. Jsstfce Andrews informed the Governor
tiat the cases could not be tried at the regular
terra without delaying other important cases.
WILL ATTEND TUNNEL OPENING.
A!bsr.j\ Feb. IS.- Lieutenant Governor Chanler.
*s rr*g:dln»r officer of the Senate, appointed to
ilay Senators . Agr.tw. FtK-Iker. Carpenter. McCall
■hi Haeer.fl-.J5 as the Senate delegation to be
Bmbi at the eerVmontes attending the opening
«rf tbft McAdoo tunnel under the Hudson River at
Ke» York City.
THE "BLUES''
a Lady Find* Help from simple Food.
ClTiikation brines blessings and aiso respon
taUttieg.
The acre highly or?anizt»d we become th«»
•*** fa***! there is for regularity and natural
•■JpJj'-iTy i a Tb* food we eat.
The ling of body nutrition should be carefully
•■*J«i. aad the 'liner, more highly developed
fcrah and cervous system not bannered by a
sonicated, unwholesome dietary.
I lady of high nervous tension says :
"For fifteen years I was a sufferer from dys-
F«r<sliL I confess that an improperly regulated
1% mm the chief cause of V suffering, Final
9. Sotfaitj* that I ate seemed to apree with my
«Ukbs<±, and life, at times, did not seem worth
UTiaj
"I b^ati to ta!:e a pessimistic view of every
ttlftßuud SH» life through dark blue glass, «> to
©eafc My head became affected with a heavy
* e *Ptng gelation and I feared paralysis.
"Palpitation of the heart caused me to fear
**« I mijht die suddenly. Two years ago. bear
•««<»re;»-".\utt m faijrhiy <?poken of by some esti-
L - i ' ■■ fri-nds of mine. I aet«?rmin«d to try it-
The .-Gauge in iuv ♦•omiition was little less
**a miraculous. In a short time the i.alpira-
Bos, bad fc-nlin* in head and body began to < iI!"
»?J*8r and the improvement has continued until
■* th* . *->. .i: tiui* i find myself in better
**-- than I cave ever enjoyea.
■iiy weight hag increased 20 lbs. '•' the last
resr and life look* bright and sunny fci me as
it fIW when , was a child.
Tor breakfast I eat ouly Graj*?->>"uts wltn
a * ac;a c; or £'«*-. milk, end a cup of Pustutn."
K=3« givea by Postura Co.. Battle Creek,
**<* ii**d -3-.; Head u> TVellvlUe," I" pkgs.
?*ere ■ « Season."
NO CAUCUS OX KELSET.
Senate Leaders to Decide on Pro
cedure Plans Next Week.
[Hy Telegraph to The Tribune 1
Albany. Feb. 13.— Plans for procedure in the Kelsey
case probably will be decided on at an Informal
gathering of Senate leaders on Monday night or
Tuesday. The Hughes men and Superintendent
Kelsey's supporters are waiting anxiously to learn
whether a formal trial, with counsel to represent
both sides, wll! be held or the procedure of last
year followed. On that point may rest the fate of
Mr. Kelsey.
Talk of a Republican caucus on the Governor's
demand for the removal of the Insurance Super
intendent practically was silenced to-day by Sena
tor Raines's declaration that there was absolutely
no precedent for such action.
"I do not think there should be a caucus to bind
party members in a case of this sort," said he. "I
cannot remember a time when the caucus was in
voked in a question of this character. This is
rather a matter for settlement according to the
conscience of the individual member, not a place
where party considerations should enter.
"Possibly the Governor's message will be referred
to the Judiciary Committee next week for adoption
of a plan of procedure. I don't think the case will
drag along as it did last year. It ought to be dis
posed of by the end of March, if anything ever is
to be disposed of at this session."
Senator White, who will probably have to bear
the burden of Kelsey's defence this year, said he
thought no Senator would ask for a caucus on this
question. It would be entirely unusual and not ac
cording to precedent. He. too. thought there would
lx» a speedy settlement of the affair.
"Everybody seems to be anxious to get it out of
the way without delay." he said.
Senator Grady. the minority leader, said it would
be as improper for a party caucus to settle action
OBJ the Kelsey case as for the Judges of the Ap
pellate Division to caucus on a legal complication
before rendering their decision.
Friends of the Governor probably will unite in an
effort to obtain a trial of Superintendent Kelsey
before the Senate, with counsel representing both
sides. This, they declare, would deprive Kelsey of
an unfair advantage which he had last year and
would result in the bringing out of many damaging
conditions. The impression is rather general that
Governor Hughes would not designate counsel to
represent him, on the ground that his responsi
bility ended when he urged the Senate for the «eo
ond time to dismiss the Insurance Superintendent.
The Senate itself hardly could appoint an in
quisitor, bo the Hughes men have rather a per
plexing problem to solve
The one significant feature in the situation is the
frankness with which most Republicans «ay they
are undecided about their course when the vote
comes around. Men who la«t year were outspoken
for Mr. Kelsey now hesitate to indicate even the
likelihood of a vote for or against htm. Political
"implications, the necessity on the part of some
Senators of becoming candidates for re-election in
close district? and alterations in some cases of ttes
af pilli ■■! friendship for Kelsey. all are factors in
the equation. The most frequent comment on the
situation is a wish that Kelsey had spared his
friends this trial by resigring after the Senate re
tained him last time.
Reports that he had resigned or was a!">out to
"f-sign were denied by the Superintendent to-day
wiili much indignation. He would say nothing for
publication, but evidently is well satisfied with the
condition of affairs.
TO AM EXD THE C. S. LAW.
Bill Would Prevent Another Volun
teer Firemen Scandal.
[By T<=>*rach to The Tribune.]
Albany. Feb 13.— Senator Agnew. of New York,
introduced to-day a bill amending the Civil Service
law limiting protection against the removal of
volunteer firemen from civil service places to those
who have served in volunteer, department* at least
three year* prior to disoandment, and during the
time of service were actual residents of city, town
or village in which the volunteer departments were
maintained. Assemblyman Bennet has a similar
bill.
Tries* measures are designed to prevent a re
currence of the Staten Island '•volunteer firemen
scandal, by which multitudes of clerks and minor
officeholders in New Y»rk city gained protection
against removal by Joining some of the numerous
volunteer hose companies ar.d kindred organiza
tions which flourished therv. Estimates made at
the time placed the number of clerks close to 2.000
who thus perpetrated a virtual fraud on the city,
since soon after they joined these volunteer as
sociations the departments were disbanded. Many
af 'lipse clerks who belonged to the Richmond de
aaurtajMßta Hved in The Bronx and Brooklyn. Their
gglc aarvtoa was that they paii their initation fees
to join departments whicli they knew were to be
disbanded.
NEW BILLS AT ALBAXY.
One Makes Cumulative Voting in
Stock Companies Mandatory.
[By Telegraph to The Tribune]
Albany. Feb. 13.— Assemblyman Walters, of Syra
cuse, to-day introduced a bill making mandatory
the adoption of cumulative voting by stock cor
porations at their elections of directors. Under
the general corporation law this is permissive now.
Mr. Wallers believes that if the principle were
compulsory it would be impossible to keep minority
representation out of the directorate of stock cor
porations. His bill provides that at elections of
directors each stockholder shall be entitled to as
many votes as the number of shares owned by
him multiplied by the number of directors to be
elected. . .
Tw.i addlt.onal municipal court Justices in The
Bn nx ar- proposed in a bill presented to-day by
Assemblyman Schultz. He would divide the present
2d District into three districts, having the new
justi'-es eiected in 1909, to take office January 1,
laiM. for laa years.
Three bii s d<ahng with automobiles were intro
duced in tiie Assembly to-day. One, by Mr. Eagle
ton, of New York, would prevent the licensing of
automobiles of over twenty horsepower except for
trials of spe«d. Another, also by Mr. Eagleton,
would permit a person injured by an automobile
t-j s*--ure a iien against the machine. The third.
A E. Smith's, imajM impose an annual tax of $2 oo
Senator Franchot introduced a concurrent resolu
tion, provi'iii irf for tiie appointment of three 6en
at r." and live A»«-niMymen to investigate fishing
with n?ts In I-ake Ontario and the shooting of birds
01 . ,),,. Niagara River. The committee is to re
port to the legislature in March. The resolution
was referred to the Finance Committee.
THIRD AVENUE RAILROAD TAXES PAID.
ATt » r y^ars of litigation the <-Itv has Just suc
ceeded in obtaining from the Third Avenue Rail
road Company W4.MI r due for car license fees
for the years IS>4- 99 Th« suit of tfu- city was bit
terly fought through all the courts and back
again on technicalities, but the original Judgment
was recently upheld and the company had to pay
up or suffer attachment The check was sent to
F X Pendleton. the Corporation Counsel, whu
turned a over yesterday to Conirolk-r M«ri
FACE LOTION BURNS. CAUSING DEATH.
Louis Loewenstein. an importer of veilings, at
Vo. 70 Fifth avenue, died at his home. No. 140
West SOth street, yesterday from burns of the face,
head and body, inflicted on January 58. Mr. Loe'w
enstein's face was badly chapped, and he used a
healing lotion. Striking & match, some substance
in the lotion gave off an ini'.ammable gas that was
Ignited.
SMALLPOX AT NEWBURG, N. Y.
Newburg, M 1 Feb. 13.— 1n the last thirty-six
houru four cases of smallpox have been reported
In this city. One of the victims is Ira D. Minard.
principal of th 3d Ward school, which has eight
hundred pupils. The Board of Health ordered this
echool closed tnls morning. The board also seized
a lirge house on the outskirts of the city and will
transform it into a hospital for the care of the
sick. The ilis«si»»« in of a mild type, and ii sup
posed to have been brought here from Kingston*
»bjexe tfcere were recently. n»ny s*«wt.
NEW-YORK DAILY TRIBUNE, FRIDAY FEBRUARY 14, IMS.
BLACK TALKS AT BOSTON
HITS A DMIXISTRA TIOX.
Bannon 'Also Speaks Before the
Home Market Club.
Boston, Feb. —Ex-Governor Frank 8. Black of
New York and Congressman Henry T. Bannon. of
Portsmouth, Ohio, were the principal speakers at
the annual dinner of the Home Market Club, a
leading Ugh tariff Republican organization, held at
the Hotel Somerset to-night. Mr. Black reviewed
the business situation of the country, and although
he did not mention President Roosevelt by name
much of his address was a criticism of the admin
istration, which Mr. Black held as partly responsi
ble for the depression. The former Governor re
ferred to William J. Bryan indirectly, saying that
he and the President were engaged in "rivalry to
see^who can say the most and worst." The speaker
said that "the two great political parties, once «o
proud and militant, ate playthings in the hands of
two men whom the intelligence of the country re
jects."
The attendance at the dinner as large. Th«
speakers were introduced by C. Henry Hutchinson,
of Worcester, and in the absence of Governor
Curtis Guild the greetings of the commonwealth,
were extended by Lieutenant Governor Eten S.
Draper. Ex-Governor D. Russell Brown, of Rhode
Island and J. F. Maynard, of Utlca, X. V., were
among the guests.
EX-GOVERNOR BLACKS SPEECH.
The first speaker was former Governor Black,
who said:
War, rtnunce. success, disaster— ln all these the
Repu oilcan party na.-> been the heart and con
science or tne American' people. Ana so it seems
riglu to the partisan KetmDiu-an who remembers
tile history or me country to associate patriotism,
nationality, trttuom and even the country itself
with the career and doctrines of the Republican
party. That party has not changed the laws of
nature. No one claims that. But nature works beat
when most encouraged, and every man as old as
the youngest here knows that during every Demo
cratic administration Muce I*6o she seemed to fall
asleep. She resumed her industrious career at the
beginning of MeKinley's administration, and lol
lowed it Incessantly until the culmination, last
October, of those dangerous, socialistic. Un-
American doctrines which took away her courage
and started her upon a course of wandering and
hesitation.
These doctrines have been promulgated under
the cloak of a Republican name. But they are
not Republican; they are not American; they are
not for that people whose every impulse teaches
that liberty to be permanent must be restrained
by law. We have seen within the last few years
the gradual obliteration of the Republican idea.
The protection of American industries, the equality
of American citizenship, the independence of the
courts, the fixed and salutary boundaries of co
ordinate functions, the guaranty of fair play, the
scrupulous regard for the limitations of official
power — these, which have been the blood and
spirit of the Republican party, are staggering un
der blows inflicted in the party name.
The Republican party has been the friend of
every honest man and honest purpose. It has been
wise enough to understand and strong enough to
carry on. It has embraced within its sympathy
every* race, color, cre«*d and condition. No man has
been great enough to defy it or weak enough to
be despised. And throughout its history of fifty
years it has encouraged and applied the highest
human tendencies.
With this history in my mind. I for one condemn
and repudiate the wild and socialistic incoherences
uttered in its name. ,
But. Mr. President, if there are those whose full
sympathy I do not command when i appeal in the
party spirit, there, is 'till a bond stronger than any
party tie that springs from the love of country
and the Intense desire for its grandeur and per
petuity. .
Moved by either sentiment, the present »tat» of
the country cannot fail to provoke in thoughtful
men a feeling of disquietude. The occurrences of
the last few years point to* plainly toward a na
tional crisis. Respect for the old and pstablishert
la giving way to fevertsh desire for the new ana
experimental. The genuine and self-respecting are
cowed or run down by the loud and vainglorious!.
The decisions of our highest courts are criticised
by men who never studied law and by lawyers
who never tried a case Policies consist bow of a
series e>f antics. Integrity seems almost a handi
cap. Public officials are excused from performance
If they are gifted in explanation. Crime, always
active" and persistent, seems even more aggressive
now because the new method, of punishment is
by denunciation instead of conviction Nearly
everybody is accused, but few are tried. If no crime
has been committed it la ' moral to charge It.
If crime has been committee why not punish it.
If those accused arc innocer.* the oft repeated ac
cusation is a wicked slander. If they are guilty
their Immunity is national disgrace. Whichever
way the truth may be th- present attitude of the
national government is. without defence. Tne
credit of our people has been assailed in accents
carried round the world. Their violence and rep*
tition have achieved their only natural results.
Confidence, the basis on which all friendly inter
course depends, has been finally- destroyed. The
laborer deprived of work is now demanding govern
ment aid as the next and legitimate step in this
new and frenzied dispensation. Prosperity, but
yesterday at the flood, has leaked away and there
along the banks are furnaces with their fires out
and idle railroad train* with workmen sleeping m
the car« And yet Vesuvius still continues active.
The torrent of vituperatior is still tearing on. and
the cry of the stricken is fllllnar the land, W«l
men build again while these eruptions last? where
Is the end and what?
PEOPLE MUST TAKE COUNSEL.
The people of this country, if they retain their
present power and realize their highest aspira
tions, must take counsel of their common sense
and return to the place of safety from which they
have so unwisely departed. The functions of gov
ernment are Important, but their range is small.
The present thought and tendencies upon that sub
ject spring from misconception. Government at
th- highest is a guaranty of personal liberty, a
free field and a fair chance, the encouragement
of industry and education and the resolute pro
tection of them all. And government is nothing
more. It is not to limit the boundaries of human
Industry or supply the idle with employment or
support. A eontrarv view :s now widely enter
tained, and this mistake should be excused because
it inevitably flows from the powerful and continu
ous perversion of the oricina! idea. It is neither
necessary nor wise to embrace under governmental
supervision every subject known to the human
race. Americans do not mcd to be managed or
advised in their business, their habits and their
pleasures. The less they are governed the higher
will be their civilization and the more complete
their freedom. This country does not need any one
to run It or to feed it; it sadly needs some one
who will let it alone.
Mr. President, great as *he danger has become
from corporate abuses that danger is Invisible
compared with that which will arise if you enlarge
and incorporate all the functions of your govern
ment and place all the stock in a single name.
The most tyrannical trust in existence to-day is
the trust in'poliics. There never has been in the
history of this country a bosslsm so despotic and
unscruplous as that which controls you now. It
has already reached that appalling stage where it
Is sought to rill the highest elective office in the
world by executive appointment without even the
safeguard of a confirmation by the Senate.
The two great political parties, once so proud
and militant, are playthings in the hands of two
men whom the intelligence of the country rejects.
The contest ie not of statesmanship or of poli
cies; It is a rivalry to s*-e who can say the moat
and worst. No matter whl"h man wins, the coun
try loses, for It is at best only a case of com
petitive unfltness.
We are drifting away from our ancient moor
ings and losing eight of 'he qualities that have
made us powerful and respected. We are carried
by excitement beyond bounds which ten years ago
would have filled us with dismay. W« have seem
ingly entered upon a national debauch, and. whirl
ing the big stick, nre runninsr amuck through the
Institutions of the land. A deadly weapon should
never be trusted in the hands of those too prone
to use It. The thouehtful and law abiding nmonir
us are holding their breath and have lost th«
rower to be astonished. They are not convinced:
they are only numb. Speaking Is the order of the
day. yet those whom the people would most glady
hear have lost the power of speech.
FOREFATHERS METHODS SLOW.
By methods sometimes thought too slow our
forefathers carved out results which stand as land
marks in the progress of the race. They were not
always swift, out they intended always to be right.
Their Judgment and example should not be for
gotten now. We should remember that the con
spicuous is not always great; that high places uo
not always make great men; the sound of water
does not always mean the ocean, and the land
scape may be painted on a husk.
I entertain tne firm b«llef that the problems
which now dishearten us will be decided right. Po
litical questions may sometimes go by unheeded,
but the problems now confronting us involve the
elements of honesty and fair play These are
moral questions, to be decided by conscience and
education. These two together are not likely to go
'"mt. President, the more widely education sprea.ls
Mr President, the more widely education spreads
the less dependent is the general mass. Leadin'
others is not so helpful as it is to so lllumlna:*
the way that without leading they may see to walk
We have seen both methods tried. The quality
of leadership depends upon the man. He may be
followed by the best -or worst, and if he has char
acter ami ' force the choice of followers is in his
own hands. . ~ . , „,' •<
A most conspicuous example of Intelligent direc
tion is now in the public mind. My own state has
the honor to- present him for popular examination.
Few are so blind they do not see that his example
floods the country with new confidence and hop-.
The best will follow those who lead the best.
X leader Is not on* who excites the crowd and
then goes with it. His supremacy will last onl.'
while the blood is up. When the fever subsides the
man who caused it is the first m&n rent. He ti
as one who pulls the dam away. He must run
with the flood, and can last only while he keeps
ahead If he stops he must be swallowed in the
jrulf and Join the havoc and destruction he turned
boM It matters little wTiat you call the flood.
Its destructiveness will not be measured by its
name The torrents of the mountain stream ax«
no more wicked than the torrents of human pas
sion. It la I race for life with either.
Let no man say what public opinion Is till the
flooJ subsides and the land appears, for the rush
ins waters may not express it as it in.
Mr President, the discriminating sens* of- this
rreat country can be defended on. and those who
Lhasa their course aceordmr to that truth will win-
No matter what the t«Bi may. be, the final Jssua
rests with him who thinks
Ck* t£ia r*l>anc* I baa« ny confident*, for It will
To the Policyholdcrs
The Mutual life
Insurance Company
of New York.
The work accomplished by the Company in 1907, under the new conditions,
m respect of benefits dispensed to poiicyholdcrs and in the turthcrance cf their best
interests, has been, especially satisfactory.
The Company paid directly to policyhofders and their beneficiaries in death claims,
endowments, dividends, annuities and surrender values $43,959,245.40
It added to the net reserves held in trust for polkyholden 16368.679.3*
Total benefits from sources named $60327.924.79
Total received from policyholders 57.15t.04t.7t
The total benefits above named exceeded premiums received by $3,1 76.833.0*
The amount paid DIRECTLY TO POLICYHOLDERS during the year was
77 per cent, cf the amounts received from them.
The total amount paid to policyholders, plus the increase in the net reserve held
for them, was over 105 per cent, of the amounts received from tium.
Increasing Dividends,
The amount appropriated for dividends to be paid in 1908 is $8,31 1.00Z02
This sum greatly exceeds the largest amount ever before paid in dividends in a
tingle year by any company. The annual dividends to be paid in 1903 show a ratio of
increase over those of 1907 such as can be approximated br no other company. The
Mutual Life is the only company which has increased its dividend scale three years in
succession— l9o6, 1907, 1908. Increasing dividends are possible because of increasing
earnings and decreasing expenses.
In Gains for Policyholders the Company Remains in the Front Rank.
Its gross earnings from interest and rentals for 1907 were $23, 103»953.5«
Its gains from loading, mortality, surrenders and annuities were 8.760.440.7*
The total earnings and gains were J3 1,864.394.38
This is over 56 per cent, of the entire premium income, a remarkable showing
rarely, if ever, equaled by any other company.
In Economy of Management the Company Stands Pre-eminent.
The total expenses incurred in 1907 were $8.554.375. 1 1
Compared with 1906, this was a decrease of : - 2,031,618.13
The Financial Condition of the Company is Superb.
Its investments are of the highest class— uchnpeached and unimpeachable. In a year o: ex
traordinary financial depression, not a share of stock owned by the Company fatted to pay its reg
ular dividend, and on $222,927,910.60 of bonds (book value) there was not a dollar of interest in
default at the close of business on the 31st of last December. With assets exceeding its legal lia
bilities by over $57,000,000, even by the abnormally low market quotations of December 31. t907.—
an excess greater by many millions than is held by any similar organization anywhere.— the
Mutual Life, the Oldest Company in America, a also Justly designated the Strongest in the World*
Real Estate « 529,409,153.80
Mortgage Loans on real estate 125,/ 4 1.336. 42
Loaal on Policies 52.022.C2J.33
Collateral Loan, n.805,000.00
Bonds and Stocks, Market Value Dec.3J, 1907. 260,026,493.51
Ca.h • 6.487345*
Premiums In course of collection 4.685,477.99
Interest and rentals, due and accrued, 3,999,487.10
Admitted Asset. $494,177,021.03 |
NOTE— The admitted assets would be given greater by $15.953.15«.3? were th« bond* takes on the Company's basis of
•mortiwKibook value; or $13,211,349.34 *ere On securitie* stated by the avsrage market ralu» (13 month rule;, recom
mended by many commissioners at. the Louisville meeting.
MANAGERS
Tboma. C Bell, 146 Broadway. Robert H. Haniy. t!7O Broadwa*.
Frederick W. 81... 281 Fourth Arenas, cor 22d 5t E. C. Ogborn. I6f W. 125 th Street
George A. Brinkerkoff, 149 Bread war. Cnarte. H. Stonebridge. 148 th Street .ad Third A*e.
Max Goldfinger, 42 Broadway. > WoWiohß. 401 Eroadw.-.
Warren T. Diefendorf, !64 fit !66 MoaUgue St.. Brooklyn.
THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK
Home Office, 34 Nassau Street
be a sad day for the American people if they dis
card the words "In God We Trust" and adopt the
motto. "After Me the Deluge."
Ex-Governor Black was followed by Congress
man Bannon. Mr. Bannon discussed the tariff at
length and advocated a continuance of the present
policy of protection for American industries.
In opening his address, Congressman Hannon
made his only reference of the evening to either
Secretary T;ift or Senator Foraker in these words:
"We can't afford to dispense with the service* of
such a grand Republican as Joseph Benson Fora
ker. Further than this th« prophet speaketh not."
P. S. BOARD DELEGATES POWEKS.
Syracuse Authorities to Test All Meters
After March 1 Next.
Albany. Feb. 13. — The Public Service Com
mission. 2d District, announced to-day that it
had delegated to the authorities of Syracuse
powers givn the commission regarding the
testing Of al! meters after March 1 next. This
is the first delegation ef its powers by the com
mission and 1b the result of a series of confer
ences with officials of Syracuse, who are autho
rized under Section 77 of the public service com
mission law to enforce the laws in such cases
as prescribed by the commission.
The enforcement of the state commission p
regulations regarding the meters means that the
Commissioner of Safety of Syracuse, whose de
partment will have the matter in charge, shai!
test all gas and elee<ric meters complained
against by , ..nsumers and charge a fee for such
tests, as well as test and seal all meters used
in that city.
FORMER GAME PROTECTOR SENTENCED.
Albany, Feb. 13.— Word was received at the office
of the State Forest, Fish and Game Commissioner
to-night from Herkimer of the conviction of
Charles N. Kiock, who was on trial there, the
charge being that while employed as a game pro
tector, he entered into a conspiracy to steal timber
tram state lands, and also with holding money paid
in settlement for trespassing on the State Forest
Preserve. Klock was sentenced to a term of im
prisonment of not less than three years.
Harvey N. Gaylord. also formerly employed by
the state as a game protector, and a co-worker
with Klock, was convicted of the same offfiiao
recently. The prosecution was conducted by John
K. Ward, counsel to the Commisrionex.
JAPANESE HELD AT VICTORIA. 3. C.
Toronto. 'int., Feb. 13.— A special from Victoria.
B. C. says 170 Japanese are being detained in quar
antine there, falling to pass the educational test in
the Natal act. They are likely to be excluded.
Should this happen the case will be taken to the
courts. ' The Japanese Consul will claim rights
under the treaty, and the steamship companies will
also refuse to take back the immigrants, *•>» they
art; under mmil regulations. t
Balance Sheet December 31, 1907.
ASSETS ! LIABILITIES
HJSGEXS OX STAND.
Brothers Back Up Thomas L. — Free
Oil Offered?
Albany. Feb. 13.— George C. and Henry A. HJsgen.
brothers, of Thomas L. Uiagen. of Springfield, Mass..
and members of the same business firm, were
among the witnesses who testified to-day at the
hearing in connection with the action brought by
tht* United States government to dissolve the Stand
ard Oil Company of New Jersey. The taking of
testimony in Albany is expected to be closed to
morrow.
The testimony of George C. and Henry A Hisgen
was similar to thai given by Thomas L. Hisgen. they
also asserting that the Standard. in competition with
their firm, used unfair methods. George C. Htsgen,
swore that the Standard offered rebates and other in
ducements to patrons of the firm, with which he is
connected, so as to divert business from his firm to
the Standard Oil. He also told of threats being
made to these merchants by representatives of the
Standard Oil Company.
Henry A. Hi»K>n testified that in about s?venty
flve towns In this section of .New York State and in
New England states the Standard had cut the price
of oil whenever his firm entered the field as Its
competitor.
Six witnesses were examined at this morning a
session of the hearing. Testimony was given that
the Standard Oil officials offered to give free oil to
dealers who refused to buy from the Standard. It
was also brought out that an attempt was made to
show that oil sold by a competitor of the Standard
to a merchant of Pittsfleld. Mass.. was short about
five gallons on each barrel and that J3 a month was
ottered to a driver employed by this competitor to
send reports of the freight shipments made by hla
company to New York
Marked bills which, It was alleged, were paid this
driver for his report* were offered In evidence.
Objection was made by counsel for th* Standard
OH Company to the testimony of ail the witnesses
examined, on the ground that it related to state
transactions and had no bearing on interstate com
merce.
FEAES MAEOONED SAILOB IS DEAD.
Sister of Man on Uninhabited Island Be
ceivcs Details of Case.
[By Tt-lesr»oh to The Tribune. l
Nor.valk. Conn.. Feb. 13— Mr? H. J. Claridse
received from Norway to-day the story of how
her brother. Frederick Jeffs, was left alone on
an uninhabited island when the other members
of the crew of a Norwegian vessel were rescued
The vessel was wrecked in July and the crew
reached an l3land fifty miles long
Aflat spending several ■■>■'*■ at one end of the
island, all of the crew except Jeffs went to th*
ether end, hoping that they might be discovered.
The rescue ship which carried off the crew was
not sufficiently provisioned, la so for Jeffs and he
was left behind. Mri Ciaridg* fears he :.,».-
Lcinmiued auicid*.
Net Policy Reserves S42QjyHJ42.OO
Other liabilities on policies 5332^79.66
Premiums and interest paid In «dv*a« 1.32 3.3*0. 34
Dividends p*yabk ia 1903 4311,002.02
B3hcell*a««n liabilities 87*. 2b7.56
Held fat f«tur« dividend* 57,530,769.45
Total Liabilities 5494,177,021.03
TROUBLE IX THE STH.
Officers Protest Against Col. Austin
and Lieut. Col. Sauvan.
Internal dissension has again ■»«•■" hold of UM
Bth Regiment. National Guard. New Torlc. whica
was recently converted from a battalion of infantry
into a ten-company organization of tn» coa3t ar
tfliery corps. Seven offlcers protested ijaimw Colo
nel Elmore F. Austin's con^-jct of the organization
when it was a battalion, and against th« eomini»
sioning of Lieutenant Colonel F. O. A»!J»an.
A copy of. the report of the court of inquiry iob>
the behavior of the ofßcers of the Tlst Re«inMßt in
Cuba during the Spanish-American War was tatrt>
duced. Colonel Austin served as captain, of Can*
party L. of that regiment.
The hearing* began at the Ui Battery armory
on Monday and the findings of th" board haw*
been forwarded to Governor Hughes.
The testimony offered regarding Colonel Austin*
conduct in the Cuban campaign was that he »•
fused to take his company forward to tie firing
line at the command of General Kent, his brigad*
commander.
Lieutenant Colonel Sauvan Is a:>?ed to h»»»
made false returns of the number of men dilMuaj
at the armory He ts a supportrr at Catomt
A.5.".
AUEmST AGAIN EXAMINES THAW.
Wife and Lawyer Aiso Pay Visits to Mat
t*awan State Hospital.
[By -.-»■,-- US T-v» ~-~ . ■ J
Fishkill Lander N. Y. Feb. 13.— Harry K.
Thaw entertained his wife and his law>er. Dan
iel O'Reilly, for only '.-.a:? an hour to-day. Th*
visitors arrived while Dr. Jacoby waa making
his third observation of Thaw, and did not tarry
long, returning to New York at 4 ■> clock. Mr.
O'Reilly said before departing that Dr. Jacoby
would make three more observation*, covliaj
a period of. a we«k. before any plan looking
toward Thaw release would be decided upon.
Thaw continues to do well, takes dally exer
cise, plays the piano two hours a day and reads
the papers. He Is cheerful, and has yet to «•
tr.s first complaint against hi» treatment or sur
rounding"* at the ilatteawan Stare Hospital.
ADMIRAL DYER FIGHTS TAX ON SALARY.
Melrose. Miv Feb. Li-Rear Admiral N. M. :
Dyer (retired), who commanded the cruiser Raleigh
in the battle cl Manila Bay. will contest the riaM
of the city to tax his salary and to-day aonouaoad
his Intention of carrying ta« case to the high**
court In the country, although the amount involved
:s only J36 a year Admiral Dyer, who sines baa
retirement has been a resident of this city, assert*
that % naval oflcer i* exempt from taxation ••
money received as salary from lite covtxnxxwoL
w