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THE WASHINGTON HERALD. FRIDAY,. FEBRUARY 28. 1913. WITHMARSHALL President-elect and Vice President-elect in Thorough Accord. DISCUSS THE CABINET Indi&nian Told All About Selections for Various Portfolios and Gives Approval. Trenton. X J. Teb 27. President-elect Wilson's last acthe day as Governor of New Jersey was deiotrd chiefly to a conference with liU running: mate. Vice 1-reeident-elect Thomas R. Marshall, of Indiana, who stopped here on his way to Washington. The two were closeted for three hours, nnd In that period discussed the policies of the comlne administration, the make-up of the Cabinet, and in a general way the organization of the Senate and the House The President elect announces that he will consult Mr. Marshall In the course of his administra tion on all Important alTairs of state The President-elect has not gUen an serious thought as et to the question of inciting the Vice President to Cabinet meetings, but it is thought likelv Mr Marshall will become a regular attendint at such meetings The l-realdent-elc-ct says that his associate will not occup the position of a fifth wheel In the ad ministration, as so many of his prede cessors have done That, Mr Wilson -a.-. Is a matter of personalis and Gov Marshall s attilnments are of too high a character tu be allowed t go to waste In Thorough Aceonl. "Go Marshall and I went oxer the ground completels. said the Pre!dent elect after hl lsitor had depart eel "I asked him what impressions he got in the country at large as to the state of mind of the people, and we talked about the principles of the part We compared notes, or rather ignorances, ns to whit wp would do when we got to Washington Neither of us has eer had an e-tp-ri-ence there I hae known Gov Marshall for some time and I hae a en warm personal feeling for him He has a stimulating w i. of putting thine-, w rv t hlch I alwas Interests me er much He -peaks in the ernacular so that -.nu get at exactl what he mean "Did ou find ou were in accord in matters of police "es. entlrelv so He has l-c-n er. generous in his support of me. unrom monlv generous per since the nomini tlon "Will jou consult Mr Marshall in mat ters of po!ic during our administra tion 'As a close and valuable friend I would naturally consult him in such mat ters,' was the prompt repl It was suggested that Vice Presi dents always hae been more or less of a nonentity in administrations " Matter of Personalities. "With all due respect to recent Vice Presidents." said the President-elect, "that has to do entlreU with the per sonalities of Vice Presidents Some of ur Vice Presidents hae bevn among tho leadlrg: men of the country and they hae p!aed a large part In tho affairs nf the countrj Gm Mar-hill Is er heartil in smpathj with me nnd wants to co operate In eer possible wav ' It was the first me ting of the running mates since Gc Wilson was notified of his administration at Sea Girt last J11U Uo Marshal! lias been in the West s'nee his term of office as Goemer e p'red on Januar 13. His ac-a-ion has made a noticeable improvement in his appearance His ees are bright and his skin has a rudd glow that bespeaks r.cod health Mrs Marshall was to have accompanied him lure to-di., but Mrs. "Vxilson was too hus nltli packing up lor the Journej to Washington to come to Trenton so M-s M irshall remained in Philadelphia with friends Gov Alar shall joined her to-night Gov Mar shall was fjune enthusiastic over his tllk Kith the President-elect Knows linut Cnlilnet. 'Governor il told hi plans" he said 'and thej met with mv entire approval I am m entire accord with his views on all public qucstion Yes I could tt-ll vou something about the Cabinet, aid I would not have to make anv gue-.s at it either, but I am not going to tell vou That is the business of th President The Vice President-elect said that m Wellington he would live at a hotel "1 cannot afford a hom in Washington." he aid ' be ause I propose to live on rn sftiirv That is where the American pople have made a mistake thev do net pav enough salarv to their Vice P'identF' The President-elect goes to Fhll-likl-phia to-morrow morning for another ses sion with his dentist To-morrow even ing he will attend a show in New York and spend tho night at the metropolis ret irnlng to Trenton it noon on Satur day to attend the installation oi Sena tor James F Fielder as etlng Gov ernor Tn explaining that he meant no dis courtesy to the Chew- Chase Club, of t ashlngton, In refusing lo accept non ary membership the President-elect said to-day that he did not know whether he would have anv time for golf while in Washington, but that if he did and Joined the club, he wanted to pav his dues as other members do 'PASTOR' RUSSELL ONCE MORE IN PUBLIC EYE Schemes of Religious Promoter Ex plained by Wife in Tax Ex emption Suit. CEMETERY SOURCE OF INCOME New York Feb "7 Mrs. Marie Frances Russell, who is separated from her husband, "Pastor" Russell, of the Brooklyn Tabernacle, was a. witness against her husband to-daj at a hearing before the city commission Pastor Rus sell is claiming exemption from taxation of his many publications and business enterprises on the ground that all his activities are philanthropic and religious. Mrs. Russell, who obtained a separation from her husband on the ground that he treated her cruellv, said that when Pastor Russell started the Zion Watch Toner Society In Pittsburg she was entirely- In his confidence as his principal aid She said he sold membership in the society at $10 each, and that at the Iat election In Pittsburg, of which she had knowledge, W.000 membership votes were cast, indi cating that the society had taken in j.Virt,Cio. Pastor Russell, so his wife testified, also had William Van Amberg, secretary and treasurer of most of the concerns tinder the Runsell management, buy land near Pittsburg for a cemetery at a cost of many thousands of dollars The stock of tho cemetery was sold to the pious. The cemetery company was merged into the United States Investment Company, a holding corporation for Russell, under a contract which stipulated that only 18 per cent of the profits of the cemetery should bo to the cemetery corporation stockholders, and that SO per cent should ko to the United States Investment cor poration. Secretary Van Ambers said' that his ealary from the Rufsell concerns was only JU a month. He could get work at a better salary elsewhere, he slid, but staed with Pastor Busell "because he luted the work." VIRGINIANS TO ATTEND PEACE CELEBRATION Mayor of Alexandria Appoints Dele gation to Go to Wash ington in 1915. Alexandria. Va., Teb. T: This city has been invited to participate In the celebra tion of the 100th anniversary of the Anglo-American peace, which will be cele- ! brated during the week of February. 1613. An Invitation for the same has Deen received from James Scott Brown, chair man of the committee of Washington, who has written Major T. A. Fisher on the subject. The Major Is asked in the letter from Mr. Brown to designate a committee of from seven to eleven citizens, and he asks the Major to act as chairman of the committee to co-operate with the Wash ington committee In arranging and carrj ing out an appropriate joint celebration of the centenarj of Anglo-American peace Mavor Fisher has named the following as members of the committee: John M Johnson, J K. M Norton. Rev. W. J Morton. Dr Edgar Snow den, Dr S II Moore, Giorge E Warfteld. K. L- Daln gertleld. T C Smith Henry K. Field, J R Zimmerman, Arthur Herbert, Jr. Rob ert S Barren. J Fred Birrell. John A Marshall and S V Kl-her. and the Major also names himself, but suggests that John M Johnson be chalrm-in of the committee instead of himelf MornKr Rooms Robbed. Three trunks filled with wearing ap parel, jewelr.v and other articles fie contents valued at about J-A said to hav.- been stolen from the storage rooms of the Mount Vernon stables, were re covered to-night bv ChlM Goods. Sergt Wilkinson and Policeman Roland Boyd Alexander and wife were arrested bv the police The loot was brought to po lice hcado,uirtcrs in a wagon at 9 o'clock to-night in c harge of Sergt Wil kinson The accused will be given a hearing in the --ollcc- court In the morn ing Following a pica of guiltv of murder i the second degree, Dennis AVatkins colored, char-red with the murder of Jasper Wilkes colored, was In the Cir cuit Court for Aleandi countj this afternoon on sentence to serve a erm of ten vears in the penltentlarj Commonwealth's Attornej Mackev stat ed that he believed Watkins guilt J of murder in the first degree, but he would accept the compromise as a fair one Attornev I.ewls H Machen. of the firm of Ma hen and Jesse representing the prisoner made a statement that the of fense was not gnater than manslaughter and tint the prisoner would accept a ten veir sentence in order to escape a trial The Jurv was thereupon directed to bring In a verdict accordinglj which it did The murder took place at Queen Citv, February 1 last Watkins was jealous over the attentions paid his wife by Wilkes. Silver Moon Cnuncil. No V, Improved Order of Red Men, celebrated its first anniversary Wednesdaj night with an ovster supper. Mis. Dorothv Gammon, of Massepequa Council, No 1-TT. of New York Citj. was the guest of honor. She rrcentlv tender d the council a beauti ful banner and i spech of thanks was made to her on behalf of the council bv William M Glasgow to wThich a re sponse was made bv Mrs Qammon Others who made addresses during the evening included the following Misses M Petit K Adcock. A hitton H Hav lies Mrs R I- Sullivan, and Messrs C C Brawner. II Wingate. R Beach, B Sullivan, and H P. Brawner. Arthur runs ieccntl arrested bv Pep iit Lnited CStates Marshal "William Schnoni on a eharge of interfering with a rural free deliverv mail carrier in i-tafford Countv. a while In the di- barge of his dutv was to-dav brought before I'nlted Mates Commissioner R P Garnett and n leased on furnilh mc a bail bond In thes urn of JoGO fori his appearance at the Julv term of the lnin eo States Court The aecused was rep resented bv Judge Emhrej and Attornev Purvis, of Fredericksburg. Other "-t "otpa. The committee on general laws to-night heard arguments on the ordinance to prohibit roller skating on the sidewalks The arguments were made before the committee m the chamber ox the Board of Alde'men This committfe will re port on the ordinance at a meotms of Council. March 11 ncit Annnuncement iB made that th- citv fish wharf property will be rented at public auction for the coming vear "n Saturday next The auction will be in harge of Alderman W V Ballincer. chairman of the public property com mittee Instiument- for the meinliers of tho Lone Star Camp No 1 nwriaii Indian Guatd have arrived, and thev will be given out to the members at a meeting of the band at th. lining Peorle's Build ing to-morrow- night. Charles E Cobbs, a Southern Railway tlagman died this morning at the resi dence of Charles Mankin. 211 North Pat rick Street. He was twenty-seven vears old and unmarried Funeral si rvices will be held at bis lat home at S o'clock to-morrow night, and the body will be shipped to Orange. Va . Saturday morn ing John Jeffries charged In the Police Court to-day with disorderlv conduct, on complaint of his wife, took tho pledge for six monthF, and was allowed bv- the court one drnk after taking the pledge. Minnie Smith, a resident of the north eastern section of the citv, who had been detained at police station for several days on suspicion of being guilty of whito slavery, was released from custody to-day Announcement is made that a number of citizens interested In holding a Chau tauqua week In this city will hold a meeting March 6 next, in the rooms of the Chamber of Commerce A decree for divorce on the ground of desertion was given In the Corporation Court to-day in the case of Henry Mel ville Burch against Julia Grace Burch. R. II. Atkinson, formerly of this city, has Just been appointed citv passenger agent for the Oregon'Washlngton Rail road and Navigation Companv. at Port land. Oreg Mr Atkinson is a son of Capt R. H. Atkinson, and has been con nected with the Harriman lines for the past six years In various capacities. Moholtzr Illliie Springfield. Ill . Feb. Is MIIHIn. Orders were issued from the office of Adjt. Gen Frank S Dlel.son. "bv command of tho Governor." to place the Illinois National Guard upon a war footing and place the State's soldierly In readiness to move without delay. Springfield is named as mobilization camp Adjt Gen Dickson insisted that the present Mexican situation had nothing to do with the Issuance of the general order. It was Issued, however, after he had re ceived a communication from Washington. FINAL REPORTS UFONINSURANCE Continued from rase One. ldend out of his own paid In mbney In Is misleading and Indefensible, "Dividends should never be paid out of am thing except profits or surplus ac cumulated from former profits. It Is a common method resorted to by those who are exploiting corporations, and fleecing the general public b- confidence games, to pay back In large dividends a certain part of the amount put In, and thus make the investor believe the cor poration Is earning large profits, when it U not earning anything. This Is not commendable, and. In fact. Is highly cen surable. It Is one of the common schemes devised to defraud, and certaln Iv neer ought to he resorted to by In surance companies that hold a very deli cate and sensitive relation to the general public" The part of the report dealing with the management of the company gives the names of the directors and their stock holdings as follows: SHAKES Cfrrse V. vtkinnon Chirle F Caru-i John w CMUrc-u Mini C Clark ' V T Ihib'lv N't K s, Iludlfj JS'S Aihl I tiouM rtobert .n iii-por v: Y Iluhen '' J I, hmlui ! It It Tuttle """4 VI VVirtaiKl 18 U Wijhtnun "S Itobirt. J Winne 1 II I revt om Mnull ltoldlntis. Calling attention to the comparatively small 1 oldings of the directors, the re' port continues. After a somewhat careful examina tion of the witnesses on this branch of tho eas.-, we were unable to find any one connected with the active management of the tompanj who was not also a member of the corporation of Tuttle, Wightman & Dudley In other words, there is no one now connected with the e-ompanv that Is actlvelj and aggres sively looking after Its interests We he Ilevo that in this fait lies the trouble that has come to this tompanj-" The report quotes the statement of the committees aituirj to the ffect that the lire loss of the companv during ltu. together with adjusting eHnses. w.re 117 per cent of the. net premium Ineome. and that the average loss was not large The report deducs from this ' th it the large losses of the company were due primarily to the selection of risks Referring to the defense of the com panies that It Is to the interest of Tut tle. Wightman A Dudley to keep the companies in a solvent condition In view of their fifteen-year contract, the report says. "They would doubtless be careful not to kill the goose that lays the golden egg, but we have a serious suspicion that they are too close to the nest and mighty easl beat the other stockhold ers to it if golden eggs were laid Concluding this phase of tli report, the committee holds "In uur opinion, this co-poratlon cannot have permanent prosperity until such re organization shall take place as will make Its officers Interested In the company, and not in a particular corporation that Is profiting bj Its operations " Parallel Is nntTrn. The report reviews exhaustively with the organization and business of the Pro tective Holdings Corporation of Syra cuse, which was organized bj Tuttle, Wightman vr Dudley Attention is called to the striking slmllaritv between the methods employed In that case and those followed In the case of the Commercial The slmllaritv nf the contracts between the companle-. and Tuttle. Wightman S. Dudley In each case l stressed by the committee The criticism of the New York Insur ance Department upon the Protective, and the criticism of the committee upon the Commercial are held to ie almost Identical In dealing w.th the First National, the committee declares that. becauee of the brief period of its existence as an under writer of insurance "nothing In the state ment In the record shows whether this companv has up to d ite made or lot monev on Its Innraneo business ' The cemirhlttec applies, however, "with suh stantlallv the simn force' to the Na tional. Its criticisms upon the contracts of underwriting and sfek selling in the Commercial -onir FroflU shown. Discussing the business o writing firm, the report say the under- ' We find that Tuttle. Wightman . Dudley had received in all. under its con tracts with the Commercial Fire Insur ance Companv and the First National Fire Insuranee Company, as follows For -Hlirj onmrnereiil -toe S110 7bM Per sellirc First Na'ienil ?THc . . 13 2113 ('"mmereUl Fire lnuranv, Cem-isj. -rn- nrmntin- oo-nmi.'1'ins . K?,12i VI lirt National Insiinun-e Comtny, un den-ntine rommi-inn IT).-. ToUl . Out of thi MBMCH amount thev paid the lin stock sales expenses We determine exactlv the ex derwriting in re not penses of Tuttle. vv ishtman . Dudlev- in th- execution of thc-i iontraets for the veai I"--' but It would seem that thev made a net profit i-l SI27.in,,2l Thev de clared dividends amounting to $l(K.4Jn "The insurance companies during -1I show an underwriting loss of JlS7.ln.li Tuttle. Wightman & Dudlev. lnc . for the same priod show a net profit of Jl37.1K;:i Indencndcnt of salaries received bv the officers of this companv from the insurance companies. "Ibis ought to sug gest at least thAt It Is not a good policy to have the ofilcerR and directors of the insurance companies interesied In compa nies showing such large profits derived from contracts made with the Insurance companies, largely through themselves" Valne on nnildlng. The committee values the Southern Building and ground at JI,e;s,731 This is divided between the building, J770.000, and land. JXxS.TSl, placing the land alue at J10 a foot Commenting upon the difficulty in ar riving at a fair conclusion, the report says 'It was apparent from the beginning that there were two interests contending in this hearing for different results It was apparent to the committee that there wore certain witnesses that were anxious to keep down the value of this property for fenr that it would affect the assessed valuation of property- in that neighborhood On the other hand there was a class of witnesses that seemed desirous of raising the value of this property as high as pcrmlssable. with an evident desire of Inflating values in that neighborhood "We have tried to entirely- disregard the motive- of both parties, and have sought by the best tests that we could secure to ascertain the real value of this property, which we confess is very difficult to do from the conflicting testi mony Introduced." The companies, according to the report, paid "for the property substantially Jl.MO.COO " The eommittce figures that the net pro ceeds from the building average JUSa;, "or less than Hi per cent income invest ed In equity" by the companies "Figur ing strictly on the income basis," says the report. "It would look like the Insur ance companies had paid enough for the equity in this property. To the severe criticism of the under writing contracts betwen Tuttle. Wight man & Dudley. Inc., and the two com panies, the report quotes the following elause from the Commercial contract: "That said Becond parties (Tuttle, Wightman & Dudley) shall be known as managing underwriters of said first party and shall have the right to Issue or causa to be Issued all policies of fire Insurance it Is authorized to Issue, with power to fix the lines and amounts of Insurance to be accepted: to appoint or remove all subordinate, local, or general agents of the fire Insurance business of first party; to fix their rate of compensation; that said second parties shall pass upon or accept or reject all risks offered to the company; superintend the payment of losses; answer and defend In the name of first party all processes and Issues In courts of law or equity caused or grow ing out of said fire insurance underwrit ing business, and to employ necessary counsel In connection therewith." Continuing, the report says: "From this it will be seen that Tut tle, Wightman & Dudley have the abso lute power of determining what policies shall Issue. "If Tuttle, Wightman . Dudley thought It to their Interest to have the loss paid. It must be done, under this contract, whatever the legal or morau rights of the company. Also, under this contract. Tuttle, Wightman &. Dudley may employ counsel and defend, when the company does not desire to stand the cost and expense of litigation, but this matter Is taken out of their hands under this contract. The hands of the company are absolutely tied for the pe riod of fifteen years, they could see their assets being consumed by Improvi dent underwriting and be helpless to remedy It." Intermtii Oppose Uach Other. Calling attention to tho clause In the underwriting contract which permits the companies to step in and pass upon risks and eancel policies when the lire losses for any one year exceed 60 per ctnt of the ntt premiums written In any State, or In any piovlnce In Canada, the report says "It will be noticed that this does not give the Insuranee company any right to Interfere until the end of the year ar.d after tho losses of that year have been paid lend disclose the fact that they have amounted to more than 0 per ce nt." Concluding the criticism of the under writing tontracts, the report says "The interests of Tuttle, Wightman t Dudley are dlami trlcaily opposed to th Interests of the stoi kholders of the In suram e company, and thej ought not to be managers of lotli companle "Wo feel that this cnntrait should be set aside, voluntarllv. If possible. legally. If necessary The evidence In this ease discloses the fact that at the time Mr Tuttle caused this contract to o made with himself by the offKcrs of the in surance companv, that he had the vot ing power of practically all the stock of the companv, and was absolutelv dominating ftnd controlling Its officers I'nder such circumstances no court of equltv would allow such n contract to stand Itlclsn of th( I.raa Severe, sales contracts Crltlrl' severe "While we deem these contracts unfair to the stockholders ' say s the report "thev are not fraught with the sami danger as the underwriting contracts' The profits to Tuttle Wightman & Dud lev. Inc. however, nre declared to be too ' Kreat Sajs the report on this point i p to tne 1st or janunrv, lume. Wightman A Dudlej had drawn from the subscribed surplus fund of the Commer cial Fire Insurance Company, llti."3 n and they had drawn from the subscribed surplus fund of tho First National Fire Insurance Company, J3,JC1 13, or a total of JK4 01!C That Is too large I.I tern t nrr U MtncUcil. By far the seven-t entlcim in the re port Is alined at the promotion literature of the companies On this point, the re port sajs. In part "The author of this literature has a fine knack for emphasizing i desirable fact ard concealing an undesirable one While he is careful never to lie. he i equallv careful not to tell the truth. If a damaging one "He has a positive genius for so shap ing a sentence that upon careful analv-in it m iv be found tn be true, vet as seen bv the casual reader ennvevs an entirely different Impression It Is literally true, but rhetoricaliv false. Almo-t everv s. nteme reveals this cunning art It seems to be arother confirmation of the criti ism that 'langun're is made to urn ceal and not to reveal thought ' Counsel admits that this literature Is somewhat 'optimistic ' We are inclined to think that It Is more than that that 't Is misleading that It Is deliberated de signed to make f.alne Impressions convey wrong Ideas Manv- of the state ments ran only ti Justified upon the grounds of poetic license, or more ac curately speaking, promoters license " wh in i:x m-rnted. In the opinion of the committee, manv Investors were intluenced bv the prescnew of men high In oflli lal life upon the direc torate of the companies The alleged In difference of men is arraigned in the re port, which says "This practice of pub lie men thus allowing their names to he used for exploiting or promrvtlon pur poses cannot be too harshlv condemned ' According to the report, these men whose names are not mentioned In thin e-i nnection, "have paid but s-light atten tion to the actual government and man agement of the company They have al lowed the management of ths company to fall almost wholly under the control of Tuttle, Wialitman .V Dudler An other statement Is "It Is eciunllv appar ent that these men, who have thus per mitted their good names to be ued to ijccey Investors, exerted but snian effort to protect and safeguard the Interests of their confidantes " Superintendent of Insurance George W Ingham is completely exonerated of any charge of collusion with the companies Of his reports on the condition of the eompanles. the committee "finds nothing in them to criticize." Mr. Ingham Is criticized for falling to keep hooks of record concerning certain cxpendltu-es In connection with looking up the record of tho firm of Tuttle, Wightman ex. Dud ley, and which expenditures he was re imbursed by the Insurance companies. Compnnlcs Are Solvent. The report concludes with a warning to stockholders not to unload their stock at a great loss under the misapprehension that the companies are Insolvent. In this connection, the report says: "Before concluding this report we wish to utter a word of warning to the stock holders Already there has been called to our attention the fact that efforts are being made by certain persons to buy up the stock of these companies at a greatly reduced price. "While the expenses of organization have been unreasonably large, and while u WWfkhkh W& rLM M Gold Medal Loadesa.Mll Lmrrtif Slt HIGH CXADM Capital Housenold ' ' is the finest treaBtT and most eco- ' nomical at the prict-50c. a potmd 'Pounds Halves Qcarters. Sealed air-tight packets. All Hlgn-Claas omeera Order TrUl Package TO-DAY t (Ell B. B. EAHJTSHAW BROS. Dlatrtbatan. i we believe that the manner of conduct' ' lnic the business Is fraught with grear danger, we nevertheless hope that these matters will be corrected. There have been accumulated sufficient funds to make one. or even two good Insur ance companies, and If pnt under prop er management, they can yet be made to return reasonable dividends to the stock holders. "We trust that some way may be found to save these great properties. There Is too much money now Invested In them by the stockholders to allow- It be wast ed or squandered." MINORITY REPORT. Continued from Pane One. was sent from Syracuse, N. Y. to a man In Kentucky: " 'Ixcal Mortgages. " 'Investment Bonds, f " "Edward Lee Emmons. " 'Pact Standard Bulldins, " "Sj racusc. N. Y. Concerning your Commercial Fire Insurance Stock, . " 'About two ytura ago, tho New York .Slate Department of Insurance made an Investigation of thu Protective Corpora tion. Later, the Supreme Court ordered its affairs liquidated In this liquidation you wcrt given stock in the Commercial Fire Insurance Company instead of cash. " The referee's report shows that the Commercial stock cost the Protective about JiiOU per share The face value of Commercial stock Is to 00 per share, and on the Washington Stock Exchange It had sold previously at or below Its fac value of J3.ro On this basis. J5 00 per share, you received only IT1 per cent of jour Investm-nt, or J7M for what coat you JJOiw " 'This Commercial Fire Insurance Companj is now being Investigated, to gether with Tuttle, Wightman &. Dudlej-. Inc , by a special investigating commltteti of the I'nlted States Huuse of Repre sentatives, and with what result no one can roresee Hut' It Is a significant fact that Tuttle, Wightman & Dudley, who were so active in the sale of protective stock, are promoters of Commercial stock and are the men who have been telling you that It Is worth Jll per share. You have doubtless received many of their booklets and letters sent out In an effort to bolsti-r up their stock. "'The folllowing excerpt is from the Washington Post s report of the com mittee s session of Friday, Januarv S. 1513. and Is a replv by A M I st. a New ork insurance expert, to a question from Representative Redneld: "Is it not true. askid Mr. Red Held, 'that if this stock had been sold a. par, and the building 1-eeii. for any reason, not nun kly com ertible into monev this company, to meet its actual disbursements In thnso ten months, would have had to go into the hands of a iicelvers ' ' "The figures which I have Just given show the actual disbursements exceeded the lnc fne with the exception of the premium on the stock and the Increase bv adjustment of the book value of real estate, by over IIW"" was the re Plv ' x'What value this stock will have, aa a r. suit of this Investigation, no one can till If you desire to sell your Commer cial shares, I an handle a limited num ber on the basis of JJ'jO per share You can send properly Indorsed certificate with draft to the City Bank. Syracusi. N Y. on this basis I reserve the right to cancel this offer immediately, without notice, and return jour certificates If I do not ue It " 'Yours very truly " 'EDWARD L. EMMONS ' 'January in, 1911' " "This letter was sent out for the evi dent purpos- of dissatisfying that stock holder, and then buying his stock at one tlfth of the par value of tho stock and furplus paid in It will !e seen that this letter, written for the purpose of dissatis fying stockholdi rs. w is based upon only one question and answer selected from all of the two thousand pages of testi mony It should further be noticed that this question was strictly a hypothetical one. nnd the answer was In kind It should also be noticed that this hypothet ical question and answer were never made applicable to nnv condition existing In the affairs of either one of these insur ance companies, because toth companies are admitted by their worst enemies net to be bankrupt but to be perfectly sol vent Instnd "We lake this in-tim nf unhesitating ly -nrlnc to the stockholder tn thee tvTi, eompanles that he had better keep their leirk rather than lit It bo for n trine, or even nt a sl-tnltlrant sum. U not to the allies, r-rrtalnly to the alder anil abettors nf the pemons who InMfgntrd the warfare against these 4-ompnnle for the purpese of de. stmylnc: tliem. REPUBLICANS HOLD CAUCUS. InaurKcnts Vttrnd -Meeting of Home G. O. P. Members. The first Republican caucus of the House in two years was held yesterday to select a committee to fix the date for calling a Republican caucus In the new Congre-s This caucus probably will be held March CI About ninety Repuoluans attended, and resolutions were adopted thanking Rep resentative Courvler of New Hampshire for his services as presiding officer of the Republican caui us for some yean. last. Representatives Burke of South Dakota. Woods of Iowa, and Calder of "xevv lork were named aj. a committee to fix the date for the new caucus 1'ncle Joe Cannon attended and made a brief speech Chief Interested centered In the presence of a number of so-called Insurgents Among the Insurgents who nttended were Representatives Haugen of Iowa, Anthony of Kansas. Good of Iowa, An derson of Minnesota. Sloan of Nebraska, Mondell of Wyoming, French of Idaho, Steencrson of Minnesota. Klnkaid of Nebraska, and Rees of Kansas. TORNADO SWEEPS TWO STATES. Alabama anil Georgia buffer from IlushinK Hurricane. Columbus, Ga . Feb C7 Reports this afternoon said that Troj, Ala , was swept bj a tornado to-daj", and twenty resi dences and four stores were destroyed Wires are down and details are meager. Damage was also done at Buena Vista. At Omaha. Ga., three negroes were kill ed, and the Omaha Mill put out of com mission. Treed were blown across rail roads and greatly impeded traffic. Tho Baptist church at Omaha was badly dam aged. Thus far there has been no report of fatalities among the whites. A tornado swept West Crisp and East- lee Counties this morning. Five persons were seriously injured. The Bridges sohoolhouse In tile county was blovvn down, burying beneath tho debris forty children, three of whom were badly In Jured. Houses, barns, and trees were razed, and live stock killed SUFFRAGETTES RELEASED. llungrer Strike Una Desired Effect for .Militants. London. Feb . "7 Three suffragettes, one of them Sylvia Pankhurst. were re leased from Hollow ay Prison to-day be cause of physical weakness resulting from their hunger strike. Miss Pank hurst, It was said. Is In a critical condi tion In, consequence t her voluntary starvation. It was reported that Zelle Emerson, the rich Jackson. Mich, girl, was another of the suffragettes released. When Miss Emerson was locked up the second time she declared in Police Court that she would starve hetaelf to death In prison. -VjNEXT DOOR NEIGHBOR TO THE UNITED STATU TREASUKT ff Capital $3,000,000.00 Surplus $2,000,000.00 A strong banking connection is a valuable business asset The American Security emd Trust Com pany offers the people of Washington a modern, helpful banking service, with the fullest se curity of all funds deposited with it. We invite those who are contemplating opening new accounts, or making a change in their present banking arrangements, to call and confer with out officers. We believe that with our capital and sur plus of $5,000,000.00, our convenient location and complete equipment, we can give an ex ceptional banking service to firms and in dividuals. Small as well as large accounts receive efficient, careful attention. OFFICERS. Charles J. Bell President Henry F. Blount Vice President Corcoran Thorn Vice President Howard S. Recside... Vice President James F. Hood ...Secretary Charles E. Howe .....Treasurer Alfred B. Leet Assistant Trust Officer David X. Houston Assistant Trust Officer John G. Holden..... Auditor W. W. Keck Assistant Treasurer DIRECTORS. James E Fitch Daniel Fraser William J Flather Henry H. Flather James M. Green Henry Hurt John S. Larcombe Joseph Lelter John R. McLean Edward B. McLean Milton EL Alles Charles J Pell Henry F. Blount John C. Boyd Samuel S. Burdett Albert Carry SIurrayA. Cobb William M. Coates William S. Corby Robert Dornan American Security and Trust Company HW Corner fiftenrth aadlbaugdvaaia Arcane Opposite Hatted Stales Ixcac-cx-jr wHH3IEjsssln7 Do You Drink Milk? If you do you should know this: -s, IMPURE MILK contains more germs to the cubic inch than any other daily food. THESE GERMS are often of the most dangerous type, carrying tubercu losis, typhoid and kindred diseases. ONLY the most scientific pasteuriza tion can destroy these germs. WHITE CROSS MILK comes from cows that have been tested for tuberculosis and pronounced healthy. It is pasteurized by the most advanced process, bottled and sealed by hygienic machinery, and brought to Wash ington in refrigerator cars. WHITE CROSS MILK is a perfect food, and we recommend it for the most delicate children and in valids. WHITE CROSS MILK COMPANY Phone North 1112. t e bIt Herald tXUMW contest -rotes.. EDUCATIONAL PROFESSIONAL EDBCATION IN ACCOD.fT. ncj. Flaetlcml wot cspec-laUr adiptfd to nn toptojee). S-Pjt tMlktia. OH or iddmi, DliKtM of Edodiori. X. IL a A . 174 O St.. Wubinftob "MR8.EMli7Y FRECH BARNE3 BIMil.Na. XLOCCTION. IS Bmnta M. M. Uncoto OB. Clarence F. Xorment Frank B. Noy es Myron M. Parker Joseph Paul Albert!' Read Howard S. Reeslde Corcoran Thom Frank A. Vandertip John F. Wllkins Joseph Wright Call up Main 1419 for All Kinds of Printing Supplies. J. W. JORDAN 623 D Street N. W. "Tt Cite otn In The litnld'i 5.00 Conteat. RISON'S HOMEMADE BREAD AND PIES. 2106 Pa. Ave. W. 25 -1 Cue otc-i in The HcrUd'j S3 000 CbnteiL SMALL'S is the Hardware Store with the complete stock and the little prices. SpiII's Hardwire Store, 713-7tk St.N. W. m Qtm Total to Sttt balfijNM SMav