The Minneapolis journal. [volume], February 26, 1906, Page 5, Image 5

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

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

                
sh"
-"VrtlK"-
OFF
FR1SE&
L. S. DONALDSON, President.
Two Days
TUESDAY
AND
WEDNESDAY
Purfest water known
at Eureka Springs Ark.
Springing from the rocks in sixty or more
places at Eureka Springs, is the purest and most
delightful water known. It is indeed a privilege
to be where one can have such water to drink,
such air to breathe, such continual sunshine to
cheer, such blue skies to enthuse about and such
scenery to admire as you will find any day at
Eureka Springs.
Come to Eureka Springs fo-r a few' days. Breathe in
the ozone of its clear mountain air, drink its crystal pure
water, and bask in its continual sunshine.
Eureka Springs is but a *night's ride from St. Louis
or Kansas City in through sleeper via Frisco System.
The tripTcan be made at a very small expense. You
can purchase, a ticket from St. Paul or Minneapolis to
Eureka Springs via St. Louis or Kansas City and return
for only ._.%.....
Every piece of Furniture, Iro and
Bras Beds,Springs and Mattresses
one-quarter or one-half less than
regular prices for two days only.
NO EXCHANGES OR REFUNDS DURING THIS SALE,*
$33.65 fat the Round Trip
Proportionate rates from other points in the North.
Rates at the Crescent Hotel rangfc* from. $16.00
to $25.00 per week. There are numerous other hotels
and boarding-houses with prices from $6.00- a week up.
**TheManWho ForgotatEurekaSprings"
1 is the title of a delightfully entertaining booklet issued by the
'Passenger Department of the Frisco. It is the story of a
young man who was sent down to Eureka Springs to take
photos. He didn't take them, for reasons explained in his
letters, which are reproduced in the booklet. TlThe story is absorbing from
first to last, and gives an excellent idea of the delights of Eureka Springs.
If you would like one write
A. HILTON, General Passenger Agent Frisco .System,
1050 Frisco Building, St. Louts.
i&3i$r!
SsiSSV
Monday Evening, TflE MINNEAPOLIS JOURNAL
OFF
i
FARMER IN GHICAGO
IS ROBBED Of $3,150
26.John Bailey, a
Chicago, Feb.
farmer living ne,ar Fox Lake, 111." was
""robbed of $8,150 today by pickpockets.
Bailey had just obtained the money by
the sale of a mortgage, and was riding
on a streetcar when his pocket was
picked by oue of the three men who
nad been ridiog close to him for sev
ei al squares. He missed the money *in
a minute af te the men had left the
car, and gave chase to them, but with
out success.
PROVIDES MEAL AND $10
Billings Restaurant Man Hold Up by
Bandit Guest.
Special to The Journal,
Billings, Mont., Feb. 26.About 6
o'clock this morning a Stranger*entered
a cafe and ordered breakfast. When he
had finished, the proprietor of the place,
Bud Lewis, approached to collect for
the meal. The stranger jumped up and
thrust a six-shooter in Lewis' face and
demanded $10. The restaurant man
hastily complied with the request and
the hold-up man placed the money in
his pocket and coolly walked from the
room.
HAVE GOOD COMEDIAN
Empire Burlesguers, with Imhoff at
Head, Please at Dewey.
Roger Imhoff, one of the few really
good Irish comedians, is at the Dewey
theater this week*with the Empire
Burlesquers and the show is without
doubt the best burlesque that has been
here in many months.
Imhoff is original in all his work and is
aa different from the usual burlesque
comedian as can be imagined. Red
whiskers and wigs are tabooed and the
character he portrays is that of the real
jCelt as seen at home. His wit is of
the true type and makes^ everything in
the buxles'que more comical.
The burlesques are written with more
than the usual care and give ample op
portunities to the other character art
ists, notably Hugh M. Conn and John A.
West, old favorites. Several new danc
ing numbers are introduced and the new
song hits are all well presented. The
scenic settings are elaborate and excel
lent taste is. shown in the costumes.
The chorus work is riot a small part of
the performance.
John A. West, the mnsical brownie,
heads the olio with his old-time act,
which has lost nothing because of its
age, and he is compelled to answer en
cores until he is exhausted. Imhoff,
Conn and Corinne have a comedy sketch
that keeps the house in an uproar and
Bessie Taylor sings the latest songs in
a pleasing manner. The De Van Broth
ers close the vaudeville with a comedy
acrobatic turn.
CASTOR IA
For Infants and Children.
The Kind You Have Always Bought
pears the
Signature of
SPENTTOMUCH
1
ffia
"UPRISING" IN CUBA
RURAL GUARDS SLAIN
Journal Special Service.,,,
Havana, Feb. 26.Two non-commis
sioue officers dead, two rural guards
dying and four more wounded, is the
result of Cuba'& latest uprising.
Early yesterdav morning twenty-five
armed men attacked the Sural guaras
at the station at Guanaboa, a suburb
of Havana, where fourteen guards were
sleeping. Thp gang divided into two
groups one entering the quarters where
they found the guards unprepared for
an attack. The gang is said to have
shouted: "Long "live constitutional
liberty: down with the Rural guard."
Chief Jerez of Cuba's secret service
notified the government several days ago
that an uprising was planned for .Feb.
24, the anniversary of the beginning
of Cuba's last war. Officials do not
attempt to give the matter a political
importance.
TO GET BUSINESS
COS^T OF LIFE INSUBANOE
GREAT, SAYg REPOBT.
The ambition of the great life insur
ance companies to increase the volume
of their business has brought serious f\
consequences, in the opinion of the five
state commissioners who have just fin
ished .their investigation of the New
York Life Insurance company. This
ambition has caused too heavy outlay
in getting new business, and has' in
creased the cost of insurance far be
yond what it should be.
The report signed by Commissioner
O'Brien of Minnesota, together with
the commissioners of Wisconsin1,
Cost of Insurance.
"During the last ten years this com
pany has received $676,247,776, has re
turned to its members.$278,298,564, has
disbursed in operating expenses $135,-
127,204, and has still on hand assets
representing its reserves and accumur
latidns amounting to $435,820,360a
gain in assets within, that period of
$273,808,589,
An. .examination^'of the tables con
tained in this repott' demonstrates the
fact that the cost "of Insurance has been
excessive, a conditio!* which we believe
exists in moat other 'companies, and that
in producing^ fhis excessive: cost the
general administrative
policeffectf
company has' had much
more than
has any diversion of funds to political
purposes, unlawful legislative expenses
or kindred outlays? The moral ques
tion connected with the making of these
unlawful expenditures is that which
makes them of such great importance,
their corrupting effect upon the officers
of the company and the public generally
being such as to call for. the strictest
guarantees against their recurrence.
We are impressed, with the belief
that "the management lias errejd inv-vield.
ing too far to a desire to secure an
enormous volume of business. A rea
sonable* and ligitimate ambition to ex
cel is at the base of the best efforts of
which humanity is capable, but when
the interests of the policyholders are
sacrificed to the end that the volume
of business shall be increased, the man
agement is not, in our judgment, serv
ing the interests of those who have a
right to demand that what is best for
them shall be the sole test applied to
the advisability of any otherwise legi
ainate policy."
Syndicate Operations.
Under the head of investments ^the
commissioners say:
"This company has no stock hQJd-
ingSj a condition, in our opinion, which
is highly creditable. It has more than
$300,000,000 of bonds of a hteh .grade,
the market value of which at present
is above the book value at which they
are carried. It has, in round numbers,
$25,000,000 invested in mortgage loans.
It will be seen, therefore, that the poli
cy of the management has been for
some time past to invest the funds of
the company principally in securities
of the first class we have described. In
deed, the records of the company^show
that for some time the great majority
of the mortgage loans submitted to it
were not considered by the manage
ment.
^The company has participated in
hnge syndicates of a more or less spec
ulative character, which syndicates
often depend for success in part, at
least, upon investment by the company
in the securities to float which the syn
dicate was formed. These syndicate
operations have been profitable, but the
participation by the company in syn
dicates formed for the purpose of dis
posing of securities, no matter what
the class of' such securities may be, is
an act illegal in itself which cannot he
justified either upon the ground that
the transaction was profitable, or that
the officers of the company conducting
it were actuated by honest motives.
"Investments 6f this character con
sj^tute too great a temptation not only
to the trustees, but to others ae well.
They inevitably lead to efforts upon the
part of those whose chief interests are
the successful operation of syndi
cates, seeking in one manner or another
to control the policy of the company,
and, indeed, we cannot conceive how
any management would be able to en
tirely free itself from such undesir
able influences so long as it insisted on
investing such a lajge proportion of
its funds* in the manner we have de
scribed.
The report urges the adoption of a
policy or distributing investments so
that a proper proportion of the funds
contributed by policyholders in any
state may be invested in good securities
in that state.
Trustees Should Aid Reform.
Attention is called to the fact that
two officers of the Sbmpany have re
tired since the examination began, and
the report insists that the trustees are
to blame for conditions, as well as of
ficers. Their sins of omisskm have been
serious. "Nor," says the report,
"should those in fault claim the rijrht
to apply the remedy, and*we believe
that the present trustees can perform
their full duty only by being alert to
secure the co-operation of the policy
holders for the purpose of determing
the persons'into whose hands their in
terests shall be placed for the future
We are head-
quarters for
fine laces, and,
quality consid-
ered,^ our
prices are in
variably the
lowest,
T06
Commissioners Who Examined New
.York Life, Condemn Extravagant
Policy of Big CompaniesSyndicate
Deals DisapprovedTrustees Should
Give Policy Holders a Real Share in
Control.
I
Ken
tucky, Tennessee and Nebraska, makes
some drastic comment on the facts
shown by the actuaries. It- says in
part:' \..--~vT=
Reflect on Management.
"Many of these facts reflect serious
ly upon the management of the com
pany, indicating that extravagance has
obtained in the conduct of the Dusiness:
that accounts fiave^ "been incorrectly
kept, and misleading statements in some
instances made to the supervising pub
lic officers in annual reports prior to
1905, the report for that year having
been verified by the examiners, and
that portions of the funds of the Com
pany have been improperly diverted
for the purpose of political eohtribu-:
tions and other unwarrantable objects.
Some restitution of the funds so -di-
verted has already been made, and wo
believe that proper steps should be at
once taken to secure a restitution of
the remainder..
"Upon the other ^hand, the facts
show that the assets exceed: in value tha
amount claimed in the last-annual state
ment of the company, and that they
actually amount to $435,820j359.93 that
the company is possessed of $52,835,-
626.82 of surplus or-additional reserve
funds, without including the excess in.
the market value of the securities or
the company over book value, which
appears to be $5,448,472.18.
-"Having, however, presented the
facts full just as we believe thent
to be, we leave them fo carry their own
further comment, ourvmain.concern be
ing the adoption in the future of such
remedial methods as will eliminate the
abuses here revealed, and prevent their
recurrence.
A laro lot100 dozen
ladies' fine hosiery a manufac
turer's broken line, will be
placed on sale Tuesday morn
ing. They are all the season's
-new styles, and there is not a
stocking in the assortment
worth a penny less than 50c
and most of them area genuine
75c and $1.00 grade.
:Jk f\TJ* CJ
ff
mmm
the
S
A
1 ,.A jl*.
.W
and
IJT*-
OUBSdIstyles,
25 Carabagh Rugs in size
from 3-0 to 3-6 by 4^6 to 6-6
long. Worth up ^^7 rA,
to $10, at %p .#5U
30 Shirvan and Daghestan
Rugs in size from 2-6 to 3-6
wide by 4-0 to 7-0 feet long.
Worth up to &if\ fk\
$12.50, at...... 47IUMJU
28 Daghestan and Gabistan
Rugs in size from 2-8 to%3-7
wide by 5-0 to 7-0 feet long,
worth to d*
$18.00, at.. J1Z.OU
22 Fine *Mousoul Daghestan
and Oabistan Rugs, in size from
2-6 to 3-9 wide by 5-0 to 7-0" feet
long, worth up
to $27.50, at...
$15.00
this can be done l*y the introduction of
a representative form of government
as'we have outlined. We believe that
the adoption of this plan will place the
company in a position before the world
which its financial standing entitles it
to occupy."
In conclusion the report says:
"The New York liife Insurance com
pany has for years played in the
economic life of our people as great
a part as any institution of this cdun
try. It is but fair to say, that while
its contracts made pireuant to law, have
been largely based, as we believe, upon
erroneous principles and secured at
an excessive cost* its contractual guar
antees have been met with a prompt
ness which must be admired by the
most critical.
"Errors have been committed Jby its
managers, and specific transactions are
disclosed in this report which can
neither be excused nor condoned, but
it should be remembered that this com
pany, which during its life has seen so
many financial institutions come and
go, and has lived thru so many changes
in business conditions, can still point
to assets much more than sufficient to
meet its contractual liabilities.'/
M. Mollard of Paris,, not satisfied with .the
usual ..grafting adopted by floriculturists, has
started to transform vegetables. It is said he
baa succeeded in fuming a radish into a potato.
MINHEAPOLIB: 501-603-5Of-507.W8-HlOTCOLXJETAVSTOZ.
NEW YORK: 464 BROOME STKEET.
MANCHESTER: ?&: CBBXXTIZ:
NICHOLAS ST. *9 BTO DE L'ECHIQUIEB. THXATEB OTEAflS
Grea HdsiefyftBargains
39c pair worth 50c td:*$i.*a'l%:
Special Values on Special Counters in Vnderpriced Basement
insertionsewith,allovers
Vice Reine
A rough, all silk cloth, waterproof and ser
viceable. Will be much in demand for waists,
suits and long coats.' A variety of pretty new
shades such as old rose, heliotrope, natural
gray, navy, brown, red, cream* white and black.
Fabric 23 inches wide. A yard 75c
Crepe de Chines
These weaves are always in vogue and their
popularity never wanes. Soft, sheeny, dainty,
and above allserviceable. An endless choice
of colors. 24-inch width. P- fy
At a yard J}
varied assortment of Point de Paris edgings .A f%W C*
pensive, as well as the exquisite finer grades. Superior values. Price range a yard 9c to $2.00
At the Silk Coimter I
S a most elaborate showing of the new fabrics, comprising all the,popular colorings
an in weaves that are of brilliant lustre, superior finish, strength and wearability.
Specials for Tuesday.
Many Saving Economies in our Vnderpriced basement
Beautiful Oriental Rugs
Large and Small Sizes at Special Prices
ti THE adjustment of stock resultant from alterations and remodeling of our entire third floor
section, we find it advisable and imperative to mark these beautiful rugs much under price
for rapid selling. The assortment is a most pleasing one, and rug connoiseurs are invited to call
and inspect these superior offerings. We list the rugs and sizes that are effected by this sale.
v. We have one of the most se-
1 Extra Persian,
worth $150.00,
at $125
Have You Visited Our Remodeled Vnderpriced Basement?
PRISON SO CROWDED*
CONVICTS GO INSANE'
Wheeling, W. Va., Feb. 26.Four
convicts, all serving long sentences for
murder in the Moundsville prison, the,
youngest being 60 years old and the
others in the seventies, were adjudged
insane here yesterday by Justice Buck
man. By order of the court they were
taken to the state asylum'at -"Weston,
and it is said that a special investij
tion of the prison will
state authorities.
"Be made by the
They include black and
tans in handsome embroid
ered effects, also lace and plain
lisles. While there may not be
all sizes in every style, there
are all sizes in the lot. These
are values extra- g^
ordinary. Choice, \W f*
a pair. '%J Jr-
to match. A select line ^/\C ^jl^^
compfrisJH th beautiful new patterns in the inex m^\*m\*"%*
Black Silks
We have always been proud of our stock of
black silks and this season's line is most com
plete. We invite your very critical inspection
as to quality and price.* Tuesday aa a special
Black Chiffon Taffeta
Ten pieces of finest quality chiffon taffeta
from the closing out sale of the celebrated
Libert Silk Co. 's stock. A glance at the goods
will assure you of -their excellence. A regular
$1.35 quality at, 1 f%\
a yard *p I UU
lect assortments of carpets and
rugs in the northwest.
1 Persian, 8-4x13-3," worth
$150.00, j^p
at................4) 1 0
1 Savalan, 9-8x12-8, worth
$150.00,
at.....'
1 Extra Persian,
worth $150.00,
at
1 Savalan,
$170.00,
for
f?e
The, prison is badly overcrowded, and
it is thought that this may be at the
bottom of the many cases of insanity
reported there in the last few months.
A large number of .federal convicts are
in this prison. Among them are the
Eostalz
grafters, Beavers, Machen
oren and the Gron" brothers.
POPE TO RECEIVE MORGAN.
New York. Feb. 26.From a close friend of
J. Pierpont Morgan it is learned that on his
one hundred and ninetieth tifv to Eifrope the
great American financier wUl visit Italjr under
unusual circumstances. Mr. Morgan and his
party will be presented to the pope and will be
feted by the klnf of Italy. The visit to Italy^
is indirectly due to 'his return of the Aseoll
eope.
-1
$125
AUTOMOBILES
Active Season for Buying and Sell
ing of Oars Is. at Hand. ^r
This is the automobile trading:
season. It is the time to purchase
or dispose ol your machines.
There are hundreds of people con
sidering the purchase of cars, both
new and secondhand. Scores of
others wish to sell in%rder to buy
a car of the 1906 model. As a*re
suit you can' secure a machine now
and have the use of it during: the
winter at a lower price than yon
will have to pay in the springs txt
Under the classification of "Auto
mobiles" among the. "Want Ads"
in today's Journal you twill ^fiad
those that are listed for sale.f',-V^
THE
North American
"The good of the old, the
Eest of the new methods."
i
11-2x13-6,
$115
9-2x11-8, wort
$125h
9-10x12-9, 1 Extra Persian, 9-4x11-4,
worth $200.00.
at. $135