The Minneapolis journal. [volume], September 20, 1905, Image 1

About The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
Jirectors.
L3i.lt.
I
1 ii.1
1
TODAY'S SPOBTIira NEWS WILL S FOUND O N PAGE 12.
Minneapolis Merchants
TJBO The Journal most because it
gives them best
results.
THOUSANDS OF
SECRETLY
EQUITABLE CASH
IS IN BAD LOANS
President Morton Exposes Queer
Deals Involving Three
Millions.
DEMANDS RETURN OF
THOUSANDS LOANED
gays Life Insurance Heads Under
Hyde Regime Made Secret
Investments.
New York, Sept. 20.That the Equit
able Life Assurance society paid out
$218,264 to the Mercantile Trust com-
Enowninas
any connection with certain loans
"the Turner loans," and that
these payments were without authority
so far as the records of the society
disclose, became known today when
Paul Morton, president of the society,
made public a report on the sub
'ect submitted by him to the society's
These transactions occurred in what
Mr. Morton refers to as "the Turner
loan." This loan, Mr. Morton's report
Bets forth, was carried in 1894 by the
"Western National bank, which was
controlled by the Equitable Life.
Collateral Objected to.
The collateral for the loans was ob-
ilenrd
'ecte to by a bank examiner and
B. Hyde then agreed to transfer
the loan and collateral to the Mercan
tile Trust company. A that time ap
parently he loans amounted to $661,-
491.
George V. Turner, in whose name the
loan stood, was secretary to Louis Fitz
gerald, then president of the Mercantile
Trust company, and a close business as
sociate of Henry B. Hyde. The loan
was guaranteed by Marcellus Hartley,
John E Searles, Louis Fitzgerald, W.
N Color, Jr., and H. B. Hyde.
Loan Grew to a Million.
On March 21, 1895, he same guar
antors renewed their guaranty, the loan
having grown to $1,276,478, the in
crease being due to attempts to de
velop the property on whi ch the col
lateral for the loan was made. Part of
this collateral&was given by John W.
Young and consisted of Salt Lake &
Eastern railway stock and other Salt
Lake stocks. This collateral proved to
be of little value.
Other collateral consisted of con
tracts of the Kentucky Mineral & Tim
ber company and the Amity Land &
Irrigation company, of Colorado.
Attempts were made to develop the
Kentucky property and the Colorado
property and large sums were expend
ed for that purpose and by July 1,
1905, the cost of the Kentucky proper
stood at $619,067 an'd the Colorado
property at $2,809,633.
Paid Without Authority.
The Equitable Life paid the Mercan
tile Trust company $218,264 on. these
loans on Jan. 23, 1900, and $500,000 on
Fe b. 4, 1904.
The records of the society, said Mr.
Morton, disclose no authority whatever
for these payments and the cash entries
in respect to them were very obscure."
Mr. Morton also sets forth that on
Fe b. 14, 1900, the executive committee
of the Equitable Life passed a resolu
tion' authorizing the president to con
vey to the individual guarantors of the
Turner loans the assurances of'the so
ciety for their protection.
On Feb. 14, 1900, the president of
the society, Mr. Alexander, made the
statement that these loans were made
in the interest of the society and as
sured the guarantors that the society
would see that the amounts their com
panies loaned would be repaid with
Interest.
Equitable Not Responsible.
Mr Morton referred the matter to
special counsel, who have "assured him
that the Equitable Life is not respon
sible for the loans. Mr. Morton has
also notified the Mercantile Trust com
pany that he will expect it to repay the
$718,284 paid to it by the Equitable
Life.
Mr. Morton found that $265,000 was
paid by the Equitable Life to the Mer
cantile Trust company on the $685,000
loan, the nature of which loan has
never been explained. Counsel have
been instructed to begin proceedings
for the return of this sum. This loan
was carried on an account known as
he "K. W A. No. 3 account."
Mr. Morton also reported to the di
rectors that it would be necessary to
charge off $86488 unpaid balance of a
loan to John E. Searles, who has gone
thru bankruptcy. The collateral against
this $86,488, Mr. Morton declares, is
without value.
PICKETS AND A WRIT
IN PRINTERS' STRIKE
Springfield, Ohio, Sept. 20.An in-
?lshing
unction was granted the Crowell Pub
company here today to prevent
union printers stopping striigebreakers
as they entered the company's plant.
More than fifty strikebreakers have
been caught by pickets and put on
trains for other cities. The company
now has wo out of a half hundred men
at work. The fight, as stated a tele-
fram
from President Lynch of the
ypographical union, is being waged
harder here than anywhere else. A
clash over the situation is expected to
night.
Employing Printers Yield.
Albany, N Y., Sept. 20.After a
week's duration, the strike Of the union
Erinters
here tor an eight-hour day
as ended with the yielding of all he
employing printers. All have now
signed the agreement, which takes ef
fect Jan. 1, 1906, and all the printers
returned to work today.
NOTED CONVICT IS INSANE.
Leavenworth, Kan Sept 20 Ira N.
Terrell, a noted Oklahoma convict, serv
ing a sentence in the Kansas penitentiary,
was yesterday declared insane, and will
be returned to the territory. Terrell was
tbe author of the capital punishment law
of Oklahoma, and was the first person to
be convicted after it became effective.
His sentence was commuted.
m*TfxTrfxx'VMX7fvx%'%vy\r^TryvffmFvxv'^
CHARLES E. HTTGHES
Counsel for New York Insurance Inves-
'J tigators.
JOHN E. HAGGART
CALLED BY DEATH
Federal Marshal of North Dakota
and Foremost Citizen
Stricken Dead.
Special to The Journal.
Fargo, N D., Sept. 20.John B. Hag
gai t, United States marshal for North
Dakota, died suddenly at 4 o'clock this
morning. Gasping for breath, he
aroused Mrs. Haggart, who hurriedly
secured a glass of water from a side
board, but by the time she had re
turned to the bedside death had claimed
her distinguished husband.
While Marshal Haggart had not been
in particularly good health for a few
months, he had been regarded recently
as much improved, and last night re
tired in an apparently normal condi
tion. had been very active recently
in connection with his regular duties
and in looking after his farming inter
ests, and this may have precipitated
heart trouble, to which cause his death
is assigned.
The remains will lie in state at the
Masonic Temple Saturday forenoon
and the funeral will be conducted in
the afternoon under the auspices of
Shiloh lodge, with a Knights Templar,
escort. Mr. Hagrt had the distin- i ggga
guished honor of ibeing the first Mason
initiated in what is known as the state
of Nor th Dakota, having received the
degrees in Fargo in 1873.
Mr. Haggart was a pioneer and one
of the most active workers in the de
velopment of the state and of Fargo.
was born fifty-nine years ago in
New York state, of Scotch ancestry.
served some time in the civil war,
after whi ch he made a trip to the Pa
cific coast and was with the Union
Pacific some time in Wyoming.
In 1871 he came to Nor th Dakota and
took a claim six miles west of Fargo,
which land he owned at the time of his
death. was Fargo's first town mar
shal and was a charter member of its
first fire company, served as sheriff of
Cass county for' twelve years, and as
state senator of this district for twelve
years, resigning he latter
ir~~8
s-
MAN
PRICE TWO CENTS. WEDNESDAY EVENING, SEPTEMBEk 20, 1905.
position. i-
1.89 to accept appointment as United
was reappointed States marshal.
in 1902,
Mr. Haggart was always an active re
publican and intensely interested in the
party's success, as well as being a
dominating factor in local politics for
years. His participation in the organ
ization of the North Dakota agricul
tural college was an event of which
he was extremely proud. All the orig
inal bills for the establishment of the
school were introduced by him.
leaves a wife and nine children.
had $20,000 in life insurance.
ADTO CRAZE LED
TO HIS DOWNFALL
Government Clerk on $1,800 a
Year Stole $20,000 to Finance
Auto Business.
New York Sun Special Service.
"Washington, Sept. 20.James W.
Boyd, the clerk in the marine hospital
service who embezzled $20,000, has
been released on $10,000 bond. is
said to have made a full confession to
Chief Wilkie of the secret service.
The government has taken steps to
recover the money stolen and has at
tached all of Boyd's property. This
includes his household effects, an inter
est in the Columbia Automobile com
pany, and money in banks.
Bo yd is a native of Westchester
county, New York, and is 33 years old.
He entered the marine hospital service
fourteen years ago, and for six years
has been bill and claim clerk at $1,800
a year. The investigation now in
progress to ascertain his exact embez
zlement will cover a period of four
years.
A year ago Boyd established the Co
lumbia Automobile company, he hav
ing a fad for this sport. was also
the agent of the,, Franklin Manufactur
ing company 6i Syracuse, N
obtained the funds from the govern
ment to finance his operations and to
pay for his extravagant living.
Boyd has a wi fe and two children,
who are now traveling in Europe with
his mother.
wrnr
Special to The Journal.
Ladysmith, Wis., Sept. 20.-A. Ander
son, who lives about seven miles below
Ladysmith, on the Flambeau road, is lost
in the woods. Because he is familiar
with the grounds, the woods are not-con
tinuous and he took a gun with him, his
family fears that he has met with an
accident. He was about 38 years old and
has a wife and three children.
Hunting parties, swelled today to over
100 men, have been searching since Sun-
Street Song of Salvation Army
Girl Prompts Pickpocket to
Return Loot.
Special to The Journal.
Bed Wing, Minn., Sent. 20.About a
week ago Chief of Police James Dai ly
lost his watc h, which he had carried
for a long time. Today there was for
warded to the Republican office a pack
age containing the watch, chain and
charm. The letter which follows is a
compliment to the work of he Salva
tion Army, which no doubt he chief
will be quick to appreciate:
St. Paul, Sept. 17, 1905.Editor of the
Republican, Red Wing, Minn.: Please
put an ad in your paper that the watch,
chain and charm which in a "Hesto
Presto" movement was taken from your
chief of police at your office.
The chief will, without a question, pay
you for the ad, and I request that he pay
a liberal reward, and I demand that the
same be panded over to the Salvation
Army of your city, because it was a word
from the lips of a Salvation lassie preach
ing in the streets of this city that pricked
my soul and prompted me to return the
goods.
As to myself, will only say that among
the pickpocket fraternity I am considered
an expert. Respectfully 1
Jim, from Jim the Smooth.
A few months ago Mayor A. P. Pierce
purchased a fine big launch and today
it is at the bottom of the Cannon river.
While up river yesterday,,he ran upon
a deadhead.'' The boat proceeded to
fill and gradually to sink. It was. not a
deep place and Mr. Pierce and another
gentleman with him soon got ashore. A
crew is at work raising he launch.
VOICE IN NORWAY
FOR A REPUBLIC
Christiania Dagblad Gomes Out
for Republic and Demands a
Referendum.
Christiania, Norway, Sept. 20.The
Dagblad, a liberal daily, has commenced
advocating the establishment of a Nor
wegian republic.
it expresses the opinion "that in any
case the people must be consulted bo
fore a new constitution is determined
on.
The advocates of a monarchy hold
that no new constitution is necessary,
and that when the storthing ends the
interregnum by electing a king, the
kingdom of Norwa y, now 1,000 years
old, will continue to exist.
HOOSIERS TO GAMEGIE:
"TAKE BACK LIBRARY"
Eichmond, Ind., Sept. 20.The Car
negie library at Portland, Ind., was
closed yesterday owing to lack of funds
to support it, and it is probable that
Mr. Carnegie will be asked to take
back the library which was erected
with his gift of $15,000.
5"
..r
3
GUN LOST
day, but have found no trace of the man. J^^Wi&siAU^^^
TH E TUMN E AP0L 1 SffOU
POLICYHOLDERS'
BY NEW YORK
CHIEF OF POLICE SWEDEN'S GREAT
ROBBED OF WATCH, LEADER IS DEAD
IHWlWMMMMMlHMltWHIHMMHIWlimniWMMMmHMmtmmMMtMMMWMMWlMM^MW
*V- -1 -W -git*
Adolf Hedin, Grand Old Man of
the Liberal Party, Passes
Away.
Sj ADOLF taMN.
"Conscience ott the Swedish Riksdag,"
If Dead.
JOT AAAtiF&TV O %S%&%xm)
By the Associated Press.
Stockholm, Sweden, Sept. 20.Adolf
Hedin, a parliamentary veteran known
as the father of the riksdag, is dead.
represented Stockholm as a liberal
during thirty-six sessions.
By W. B. CHAMBERLAIN.
Managing Editor of The Journal.
Adolf Hedin. the grand old man of
Sweden, the ''conscience of the riks-
dag," the foremost parliamentarian of
the nation and the indefatigable pro
tagonist of the Swedish people in their
struggle for civic and political liberty,
is dead.
It was on July 25 lastthe historic
day on whi ch the Swedish riksdag
adopted its address to the king" con
senting to negotiations with Norway
for the dissolution of he union that
Herr Hedin sang his Swan song in he
lower house of the riksdaa. knew,
then that it was .cup last time his voice
would ever be Jijeard in that chamber,
that he was grv^ing his? dying message
to the house and the nation. True to
the last to his desire- for peace tand
friendship with Norwaya desire that
had led him on in many political bat
tles that brought no other fruit th an
abuse and vituperationhe^ pleaded
with the house not to vote the 100,000,-
000 kronor loan and thus shake the red
rag of defiance in Norway's face.
His Two Great Purposes.
Adolf Hedin, liberal of the liberals,
has had a stormy political career.Gifted
with a burning eloquence such as would
have made him world-famous in British
parliament or American congress, stead
ied by a conscience true to self and to
country, fired by indefatigable purpose
to win he ballot for his fellow-country
menhe has ever been decades in ad
valice of the best political thought and
purpose of Sweden. Two #reat pur
poses had Hedin thruout his career
one, as I haye said, to put the ballot
Continued on 2d Page, 3d Column.
l~fr*ea*S4
VANDALS WRECK
CITIES OF DEAD
Four Thousand Dollars' Damage
Done to Catholic Cemeteries
at Escanaba.
Special to The Journal.
Escanaba, Mich., Sept. 20.Follow-
ing the raids upon the Catholic ceme
teries at Oconto Falls, Peshtigo and
Birch Creek, in which monuments val
ued at several thousand dollars were
defaced or destroyed, a gang of three
men entered St. Joseph arid St. Anne's
Catholic cemeteries here last night and
demolished the crosses on over two hun
dred monuments and caused damage
estimated at $4,000.
Every marble and granite cross in
the cemetery was either broken or dis
lodged, while wooden crosses were
pulled up and piled in heaps in differ
ent parts of the cemetery.
fte the reports of tl
in Catholic cemeteries
points last week it was feared that
cemeteries here would be visited and
for several nights watchers were on
guard. Last night owing to a misun
derstanding among the guard, no
watch was kept and members of he
gang evidently learned of it and car
ried out their work.
The officials believe that the monu
ments were wrecked by three men, as
distinct footprints of that number were
found about each of the graves where
the monuments were disturbed. One
of the most valuable monuments,
which had been in position but a few
weeks, and which represented Faith
and supported a large cross of marble,
was broken into small bits, and ma ny
other valuable stones were either over
turned or broken.
N clue as to the identity of the
After the damage done
at different
found,ofbumonument
ang wreckers has been
the officers are making in
vestigations.
NORTON'S BANK AT
NEBSTBAND CLOSED
Liabilities to the Depositors Said
to Amount to J^bovA
$50,000.
Special to The Journal.
Northfield, Minn., Sept.. 20.The
Bank of Nerstrand, of Nerstrand, this
county, a private institution owned by
rocks.
Patrons who attempted to enter it
today were confronted by a writt en
notice which read, Closed for liqui
dation."
The failure, it is said, is a sequel of
the failure of the First National bank
of Faribault. Attorneys for Mr. Nor
ton are not ready to make a statement
and no one here seems to know wh at
the assets will amount to. The liabili
ties tQ the depositors are about $50,000.
Mr. Norton was sole proprietor of
the Jaank and no institution or person
here is involved in the affair in any
way.
BARON KOMURA IMPROVING.
N ew York, Sept. 20.Baron Komura,
the Japanese peace plenipotentiary, tho
still confined by illness to his hotel, was
better today. A bulletin as to his con
dition was given out today: "The condi
tion of Baron Komura continues to satis
1 factorily and steadily improve."
THE ETERNAL FEMININE. %&u& ,J _- fe
Cdjpynghted lay New York Times.
MONEY LOANED OUT
3=
AND EQUITABLE HEADSV*Ss
3
McOAIX.
President of the New York Life Insur
ance Company,
r*\e.r AA'AAJ
PLAN A LINE OF
RIVER FREIGHTERS
Established Company Proposes tQ
Handle Traffic on a Big Scale
from Minneapolis.
Following the announcement that the
upper Mississippi reservoirs will prob
ably be further improved and not
abandoned, and in view of the near
completion of the dams and locks be
tween Minneapolis and St. Paul, comes
the announcement that eastern capital
is interesting itself in a plan to make
Minneapolis in fact the head of river
navigation. It is proposed to make the
Mississippi the highway to the south
and an outlet for the vast products of
the northwest. A fleet of modern light
draught steel river barges and power
boats is to be built ai*d operated from
Minneapolis to the gulf. Minneapolis
capital is to be interested if possible,
especially the milling and grain inter
ests, which are the ones to be most
affected.
Negotiations have been' conducted
quietly thru the headquarters of the
eastern concern in Pittsburg, which is.
figuring on the enterprise. A repre
sentative of the company has been in
shippers who will be interested in se
curing cheap transportation to he
south and southwest via the river. The
total present tonnage, as well as the
probable tonnage, if a cheaper rate
could be secured, have been thoroly in
vestigated.
Would Reduce Export Bates.
It is stated absolutely that with im
proved safe steel boats, flour and grain
and other millstuffs, together with the
other products of the northwest, can
be shipped entirely by water from Min
neapolis to the Atlantic coast and Eu
rope at less cost than by the cheapest
railroad rates now in effect. A pres
ent, the boats on the river are mostly
old wooden hulls and not particularly
safe for freight. The risk and insur
ance rates are very high. For fifty
years there has been practically no im
provement in river boats, and for yeaTS
the fleets have been allowed to de
teriorate on account of the severity of
railroad -competition. The old boats
get grounded and break or snag and en
tire cargoes are lost.
The proposed boats for the revived
river business are to be built similar to
the great lake freighters, but of, much
shallower draught. They will be of
steel and iron and strong enough to
withstand hard weather and ground-
$ ings. building, with considerable
freeboard, loads can be increased in
the lower river where there is a great
er head of water, three or more loads
being combined into two. A present
the upper river boats cannot go thru
to the gulf, and every cargo is re
loaded once or twice in the lower river.
I is also proposed to make combina
tion rates with roads not now reaching
any of this territory. In this way low
thru rates' may be made via river and
^1 rail. Barges for non-perishable freight
where ti me is not an essential element
of the transportation will be used, and
can be handled by the power boats
of the fleet. A the gulf the company
has connections with steamer lines, en
abling the making of thru rates to
points in all parts of the world.
Eiver Being Improved.
The government is Wow expending
large sums in the improvement of the
river^w-hich will make the service safer.
The Upper Mississippi Biver Improve
ment association, which meets next
month in a Crosse, is doing much to
secure improvements in the upper river.
taking advantage of these improve
ments and modern' steel boats the com
pa ny promises a safe service. The com
pletion of the Panama canal is also
looked forward to as another source of
traffic on the river. The return trip up
river can be made to pay with the
large foreign exports that come into the
northwest. I will also ira on the
coal and lumber industries of the south,
an'd give them an opening to the north
ern market.
The Minneapolis terminal has not
been decided on as yet, but is said to be
a simple matter. Elevators and large
warehouses with trackage can easily
be secured. Cargoes can oe loaded by
mea ns of chutes and cranes, and un
loaded in the same manner. I is
stated that prominent northwestern
shippers have promised to invest heav
ily in the project.
RUSSIAN MOB FREES
POLITICAL PRISONERS
Biga, Russia, Sept. 20.The central
prison here was attacked during the
night and two prisoners, leaders of the
local political agitation, were released.
During the fighting two keepers and a
Scemen
oliceman were killed and several po
were wounded. Two of the
Jirsu par ty wre arrested.
mil
Beginning October 1
There will be a regular Sunday
Morning Edition of
he Journal. ^H^J.
20 PAGESFIVE O'CLOCK.
^4
NEW YORK LIFE'S 3
HEAD BARES DEALS i
Big Sums Paid Out with Only
Verbal Accounting to -r *m\
McCall.
LOBBYIST KEPT TO
WORE ON LEGISLATORS
McCall Tells, Also, About Cam
paign Contributions to Re
publicans.
New. York, Sept. 20.Two hundred
and thirty-five thousand dollars has
been paid by the New York Life In
surance company to Andrew A. Hanoi
ton of Albany.
N accounting for this money has
been made except to President McCall
verbally.
Hamilton attends sessions of the leg
islature at Albany in the interest of
the New York Life!
These facts were brought out today
by testimony given by Mr. McCall be
fore the legislative insurance investi
gating committee.
Mr. McCall says he various' sums
making up the $235,000 paid to Hamil
ton had been given him in connection
with different real estate deals, but Mr.
Hughes, after considerable questioning,
developed the fact that none of tho
money had been actually applied to
such deals.
Money for Lobbyist.
Mr. McCall also says that Mr. Hamil
ton was allowed money for expenses at
Albany and that Mr. Hamilton's ac
counts were not subjected to audit. Mr.
McCall denied that he ga ve Mr. Ham
ilton money to influence any member
of he legislature or that he advised
any such course. The $235,000, Mr.
McCall said, he was sure would be paid
by Mr. Hamilton on demand of the New
York Life.
"If it is not," said Mr. McCall, I
am responsible and I will pay it."
Hamilton received for legal seMlces,
he said, about $100,000 a year om
the New York Life.
Campaign Contributions.
On the subject of the New York
Life's campaign contributions in re
cent presidential years, Mr. McOall
said they were given for he purpose
of defeating the silver platform ana
for the Support of the gold standard
rather than of the republican party.
A to the contribution to the repub
lican campaign fund in 1904, Mr. Mc
Call said he did not care how many
of the policy holders agreed with his
action* made the contribution hon
estly, believing it was justified and for
the interests of the policy holders. i
Denies I Wealthy.
Just before the committee adjourned
for the day Mr. McCall asked and was
granted permission to make a state
ment denying that he was a man of
great wealth. said:
"Various publications have stated 4
that I have amassed great wealth in a
few years, and I wa nt to say under
oath that I am not a millionaire nor a
part millionaire. If I should die to
morrow the greater part of my fortune
would be my life insurance
"Do you pay the premium on thatf"
asked Mr. Hughes.
I pay my company $25,000 a year,"
replied Mr. McCall, "and another thing
of the seventy-three syndicates in
which the New York Life Insurance
company has been making $2,400,000
for the companyfi. I have never been ii
one that sold bonds to he company."
"That will be gone into later," saJ
Mr Hughes.
The committee then adjourned until
tomorrow.
End Collision.
Nov., Sept. 20.Twenty-five
i are reported injured and
man. George Wareman, is dead, as the
Beno,
persons and one
t
result of a terrible head-on collision
on the Southern Pacific, between two
freight trains, followed by a rear-end
collision three miles west of Beowawo
last night. The wreck, from the re
ports given out, was caused by one of
the engineers running past his orders*
A effort was made to stop two in-
The first was coming stopped, but a moment later the second,
said to be in charge of Engineer Boss
passenger trains.
i
i
said
25 HURT, 1 DEAD
IN TRAIN WRECKS
a.
Freights in Head-On Crash, Then*
Passenger Trains in Bear- i
te
Engii
and Fireman Linville, plunged full
speed into the first tram.
Physicians, nurses and supplies in ad
dition to three wrecking trains, were
hurried to the scene. Among the in
jured^irere:
MiV Adella Davis,* Taborville, 111.,
left shoulder, breast and right ankle
bruised.
Mrs. Anna Higgs, St. Loufy bruised
left side.
Mrs. W C. Halsey, Eagle Grove,
Iowa, injured in abdomen.
Mrs. Fanny Droiner, Manley, Iowa,
injured about face and side.
H. C. Brown, Chicago, cut on rieht
dheek. DEATH PARTS OLDEST
TWINS IN NORTHWEST
New Hampton, Iowa, Sept. 20.Miss
Emeline Perrin, one of the oldest liv
ing twins in the United States, died
here today, aged 95. Her sister, Mrs.
Emily Tilton, Is still living. They were
*born in New York an'd lived together
almost their entire lives. They moved
to this city from Peoria, Hh Their pa
rents, two "brothers and a sister died at
early ages of consumption, but neither
of the twi ns exhibited any symptom
*ftfe*
^s
I I