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Pictures This is the Opportunity of a lifetime for Christmas Present Buyers. tWe have secured the entire stock of one of the largest Importers and manufacturers of pictures in tlje county at one-half actual cost, which means that we will offer pictures during this sale for one-half, and in many cases one-third what you can purchase similar pictures for at any other store, besides having ten times the variety of subjects to select Korn. A HINT TO THE WISE IS SUFFICIENT. PICTURE NO. 85. Value $3.00. . ,g Our price .| ,43 PICTURE NO. 10. Value $3.00. . Our price .| ,43 PICTURE NO. 200. Value $3.08. . __ Our price .1.03 PICTURE NO. 6. Value $2.25. Our price.9oG PICTURE NO. 00. Value $3.00. Our price.l!4>l PICTURE NO 510. Value $4.50. - Our price.Z.ZO PICTURE NO. 53. Value $2.50. AA Our price ----gQg PICTURE NO. 1950. Value $3.25. . /A Our price .| ,49 PICTURE NO. 050. Value $5.75. _ A_ Our price ...... .2.29 Our entire stock of Regs and Carpets, Dining Room and Chatnber Furniture at ; like reductions for this sale. Builders’ and Contractors’ Directory. New Jersey Roofing Go Contractors for Slate, Felt, Cement, Slag and Gravel Rooting, Also Water Proofing Exceltdoi and Asphalt Roofing I’aint. Roofs Repaired and Painted. R. C. WRIGHT & COMPANY 85V£ Smith Street. Telephone 87. cTc.’ohrIstensen iTco” Masons and Contractors. CEMENT SIDEWALKS AMD ALL KINDS OF CEMENT WORK A SPECIALTY. Office Cor. State and Paterson Sts. Tel. Perth Amboy, N. J. GRAHAM it McKEON, General Contractors. EXCAVATING, GRADING, BTC. Sand, Gravel, Broken Stone, Carting, Eta 244 Smith St. 225 New Brunswick Ave. Telephone 184-J and 143-W. THE FARRINGTON Co., (Suoceaaora to Farrington ft Runyon Co.) Lumber, Lime, Lath, MUlwork, Hardware. Al) Kinds of Building Material. Office, 128 Fayette St, Perth Amboy, N. 1. tTmamond, Contractor and Builder. Jobbing Promptly Attended to. STORE FIXTURES. 180-188 Broad St Perth Amboy. aTk. jenSenI (Suooeaaor to J. K. Jensen.) Mason and Contractor. _ "1 Washington Street IRA K. CROUSE, Carpenter and Rullder. Telephone 178-R. 415 State St Perth Amboy, N. J. H. P. NELSEN f Carpenter and Builder / ' ESTIMATES FURNISHED. ’ j Residence and Shop, 824 Washington St. Perth Amboy, N. J. Tel. 142*4. HENRY NELSON, • Carpenter and^Sollder. >02 Oak St Jsns Sorensen CARPENTER AND BUILDER. Residence and shop. 16 Mattano place, upper end Washington street. L. D, Telephone 878-L. MORRIS SLOBODIEN, Horseshoer and General Blaelcsmlthlng, Jabbing Promptly Attended to. 63 New Brunswick Avo. I JENS M. SORENSEN^ Painter, Decorntor A Paperhanger. IR Multano Place. Upper End Washington St., \ Perth Amboy, N. J. % Eni FMrmacj Hinberger, Prpp. tions Carefully Filled at Moderate Prices-1 ^ V' EREBO ValW it. n>n,swiulf Ave- opp'tehigh erV depot, Tvrueg and r’r,, tut l KENDEHSON BROS., Masons and General Contractors. KILNS AND BOILER SETTING. Office, St New Brunswick Ave. Tel. 214-J Estimates Furnished. Perth Amboy, N. J. I Overgaard & Nelson Masons and General Contractors 0fflne-270 MARKET ST. Residences—270 Market 8t., and 14 Barclay 8t w. j. donnell] Wholesale and Retail Dealer In LUMBER, LATH, CEMENT, DOORS, SASHES, BLINDS, MOULDINGS, BUILDERS' HARDWARE, HAII< AND NAILS. Office and Yard, Jefferson St. A C. R. R of N. J., Perth Amboy, N. J. 1. P. koyen| Carpenter and Builder. > Estimates Furnished. Jobbing Attended 232 State St., Perth Amboy, Shop, 17 King St Tel. I14-J. JEN^JWENSENi : taMtect. Offte., old Postoffloe Building. Residence, 21 Catalpa Are. Perth Amboy, N. J. j B. EISENSTAT Painter and Decorator, Paper Hanging, Kalsomining 405 State st. Perth Amboy, N.J. Painting, Paperhanglng, Kalsomining Done Promptly and Good. Hardwood Fin ishing a Specialty. Estimates Furnished H. A. RINK8KN, Shop and Residence, 35 North 1st. St PERTH AMBOY. N. J. E. O. CARLSON, Painter and Paper Hanger. Wester <fc Kiogli, MASON* AND COMHAOl'OIW Estimates Furnished. Tel. 884J. 227 Smith St. Perth Amboy, N. J. The Fred Chrietensen Construction Co. Carpenters and Builders. Office andtSbop 224-226 Madison ave„ Perth Am boy. Estimates Cheerfully Furnished. Jobbing Promptly^Attendod To. L. D. l’hone-844. c7 W. WINBERoi Painter and Paper Hanger. Wall Paper for Sal*. 7« Payette at KatabMahed In l«t» MARIUS TH." PEDERSEN, Mason Contractor, Laurie St., Cor. Woodbrldge Road ATMySMITH 8anltary Plumbing, Qas, Steam Fitting ana 1 Tinning Shop: 65 New Brunawi'-k Avenue i Residence: 28 Hall Ava Tel. Cnn.u.-uoo !Cv-H CARL DRE88LER, 1 Carpenter and Bnilder. Jobbing Promptly Attended to. » Park Ave., near New Brunswick Aye. < KIRBY’S The Largest and Most Complete i Resort in the County. < FOUR BOWLING ALLEYS 1 Eight Billiard and Pool Tables s Hobart St., Perth Amboy, N. J. < THEODORE 8L00DG00D j BOWLING ALLPV , Billiard and Pool Parlor “ Cigars »rd Tobacco t 09 smith S» v \ PRUDENTIAL A Brief History of the Growth of the insurance Company and How It Was Done. lo Newark, New Jersey, there canie, one day In the spring of 1873, 11 young man of four-and-thirty. In purse he was very poor. But in his head he carried the germ of an idea which was destined to bring him riches and power. And his future was to be shared by al lttle group of Newark men who needed no other gift from fortune than faith in this stranger and his idea. Drvden’s origin was very humble. He was born in a little hamlet called Temple, Maine, where the local papers occasionally refer to him as "Temple’s honored son.” When he was seven his family moved to Wor cester, Massachusetts, where in the old city directories his father is some times set down as "bread pedler” and occasionally as "machinist." Dryden himself, between terms at school, worked Ut the machinist trade, and was only diverted from following it as his life work by a suddenly aroused ambition to emulate a wealthy school mate who had gone to Yale. On leaving college young Dryden sought employment with a life Insur ance company. In that employment he spent his next ten years. It yielded n none loo generous living for himself and his recently acquired family, but it gave hi rna bent of mind, a drift of thought which was to furnish fertile and congenial soil for his great idea, when it should come to him. Dryden came to Newark because It was a factory town with a large popu lation of wage-earners, and to New Jersey because It had an amiable legislature. The charter that he wanted Dryden first tried to get from New York. “If you care for a brief history of the company,” said Mr. Dryden be fore an Investigating committee, “I will give it—why I happened to come to New Jersey with this enterprise. I was a resident, of New York. ... I procured a special charter from the legislature of New York. Governor Hoffman, then gov ernor of New York, vetoed that on the ground that all the powers desired were conferred under the general law. He having thus vetoed that charter, I came to New Jersey.” Mr. Dryden had got his charter. Then began the long, discouraging search for capital to back his enter prise. Senator Dryden, addressing an in vestigating committee last summer, spoke unctuously and sanctimoni ously of his insurance company as "without parallel in the whole range of philathropic or charitable enter prises.” He presented a less altruis tic side of it thirty years ago when he was trying to persuade hard-fisted j business men to invest their money In it. He went to the men In Newark who owned factories. He pointed out that their laborers were a thriftless class. When the laborers fell sick or died, the employer was called on very often for a subscription to help pay ! the doctor and the undertaker. Mr. Dryden said he had a plan which would do away with this heavy drain on employers’ pockets. He recited statistics which showed the large pro portion of pauper burials. To quote a sketch printed in the Newark “Standard” of that year, the leading manufacturers and merchants in the city “had been daily culled upon for subscriptions to bury the poor or furnish aid in sickness or dis tress.” To relieve themselves of this constant annoyance and expense, Mr. Dryden proposed to these leading manufacturers and merchants that they should help him to organize a ; society which should collect from every laborer three or five or ten I t'V'Uio a novn, uuu ill 1 cvu I 11 P|l IC IW , that laborer, In case of sickness, a small sum per week, and. In case of death, the cost of burial. To tliO work of organising this society Dry den undertook to contribute the en ergy nad industry in which he was rich; from the merchants and manu facturers he begged that in which lie was very poor, ready cash. It was after Dryden had thought and dwelt upon his plan for several years that he came to Newark. The Newark men of money turned a chilly aar to him. There are men in New ark today, ending their lives as small shopkeepers, who had tH<? chance— who, by risking a few hundred dol ars to back the plan of a strange and ’riendless young man, might have snded their lives as millionaires. Two discouraging years were spent n appeals to Newark men of money j jel'ore Dryden had the minimum sum I >n which he reckoned it safe to begin auslness-—five thousand nine hun Ired dollars. That is probably some- | lilng less than a week's income for dr. Dryden now. For months Dry- • len was the entire office force, and j lis office was an ill-lighted basement \ oom. At first he drew no salary at j ill; during 1876 his salary was $100 | i month, for the next two years it cas $150 a month. ; Mr. Dryden worked early and late. 1 card in the Newark papers an-1 lounced that he would keep the office ! >pen till half-past, seven, evenings, le buttonholed acquaintances on the' treet to insure in his company. Two and a half years after Dryden ante to Newark, at the end of 1875, ust two hundred and eighty-four pol- I cies were in force. Then an adver-: isement was put in the Newark apers calling for agents, both men I nd women, to canvass front house to! ouse. With these, five, and then j en, and then twenty policies a day | t«ne . Written. Ajj soon as Newark was well organized, a new group of agents was set, to worlc ij 1 the neigh boring factory town of Paterson. Other New Jersey towns were cov ered. Within four years the network of agents had spread over into Pennsyl vania and New York. The weekly flood of collections into the little base ment office In Newark ran into the thousands. The talent for organiz ing and disciplining ugents and keep ing them working to the limit was Dryden's unique genius. It was at least half of what made him and the Prudential great. Mr. Drydeu had his money-making machine In order and running. Hun dreds of agents were at work, and the number was being increase^ to thousands. The flow of money into the Newark basement office had the pleasing hum of busy industry. There seemed no Unfit lo expansion. The collections weekly would eventually reach (Billions. Bui in one Import ant particular Dryden had not exer cised far-sighted provision. Millions would flow into his office—but what fraction of them might he take and keep':' Some he must pay back to the policyholders, and some he might fairly keep. The power to make his own division between raeum and tuuni he earnestly craved—and the New Jersey legislature was amiable. Pause, student of the romances of great fortunes, and study Chapter LXIV of the Laws of New Jersey for 1880. Historian of vast accumula tions, dissect and analyze that stat ute. Biographies of self-made men are singularly derelict about pointing out the exact step wrhich departed from commonplace poverty and led on to fortune. In Dryden’s case there is day and date for it, and it Is writ ten In the session laws of New Jersey. When Governor Hughes had Sena tor Dryden on the witness stand he asked the senator about this act of 1880. testified that an act'of the legislator*! took away tie right of the policy holders to vote?” "Yes, sir,” answered Dryden. “Was the passage of that act by “Was the passage of that act pro cured by youv company?” “Yes, sir, ' answered Dryden. And one may imagine, the great Insurance president, blushing.al itle as he made his simple answer. Later he said to Mr. Hughes: “1 regret now it was done.” And at another inves tigation he confessed that he would like.to have this legislative act un done, but some of his fellow-owners of the company would not let him take the step. What was the nature of this statute which diverted twenty million dollars into the pockets of Dryden and his friends—Dr.vden’s Midas wand? It is complicated, and yet it is simple. And it is worth thoughtful study. Here was the situation. There was a suriilns— that feature of everv in surance company which sooner or later becomes the prize of the covet ous. That surplus was made up from the five and ten cent weekly contribu tions of the policyholders. And as the company grew, th^ surplus grew. Finally i tbecame something Worth intriguing for. Now, the company consisted of two classes of persons: the stock and the policyholders—laborers and wage-earners paying their little week ly premiums. Both classes—-stock holders and policyholders alike—-had votes In managing the company, and managing the company included, of course, disposing of the surplus. The stockholders—Dryden and his friends—had just as many votes as there were shares of stock—that was 40,000. The policyholders had just as many votes as there were policy holders. Up to 1880, that number was always less than 40,000. At any election, therefore, the stockholders the amjjfeii. Btu^Sn January 1, 188ft, when the previous year’s business was totaled up, >£ was found there were just 43;715 policyholders. That was 3.715 more than (here Were stares of Stock. For the first time, the pol icyholders could outvote the stock holders. If an election had been held that, day, the policyholders could, have controlled the company. They could hawe done what thety might have wished with the surplus. They could —aligning that it cufne from their! own pockets—have voted it back i into their pockets. Or they could | have voted to use it in reduction of1 their premiums. Certainly the last; thing they would have done would j have been to give it tp those who had! not contributed toward it—to Drydeni and his friends. * wao uip oil ■ icii tun duuuary i,j 1880,. Cta the same day the New Jer sey legislature came together at Tren- j ton. And within a few weeks there appeared an innocent-looking bill. Tt; consisted of less than one hundretl j words, and no one of those words was “Prudential.” The PrudentUui Company was not named; but tine statute applied to that company, and to no other company. ... It was by \Dryden,- and for Drydjen. Briefly th e substance of that bill was; “All elections of directors of any joint stocky insurance company wh»ose abject it iA to assist Its sick or neiedy members to aid in defraying funeral expenses . . . shall be by the stockholders of such company, and no policyholder or person insured In such company shall be entitled to vote.” That act was the Midas wand which made Dryden rich. It was ap proved March 3, 1880. On March 2, the policyholders controlled the sur plus; on March 4, Dryden and his his weekly9|^^^^^^^^ Dry den and his f r i < exclusive dominion over thtfipPI and over the surplus. And hov they! have ust d it: Out ot it and its suhS sequent accretions they have vt39P9 themselves splendid estates in Scmter-si set county. Out of It they have bought half the gas works and elec* trie railroads in New Jersey. From it they have bought for themselves i ownership of the rich banks and trust companies of Newark. Yet, after a'l the looting of that j fecund surplus, there sill remains ! sixteen million dollars. And Seuator i I Dryden. who represents himself as j less greedy than his associates, says ] that one of the trials of his position ’ as president is resisting th„ j . -M of his fellow owners to divide some more of that sixteen millions unions them. That money consists of contribu tions from policyholders. The policy holders had control of It. Of that control they were, by a legislative v trick, deprived; and those who plan ned and executed the trick divided the money among them. There you have all the elements of a simple and familiar situation. If five part ners had a fund; If two of the part- jj ners took the fund and divided it be tween them—there would he the Pru dential performance, shorn of tech nicalities. “Plneiiles” f non-alcoholic) made trom resin from our Pine Forests, used for hundreds of years for Blad- /~ der and Kidney diseases. MedicintK -olit*avs> $1-00. Guarantees! Sold by Sexton, druggist. > Subscribe for the NEWS. L'.——■ ■ •• \ I I I Lace Curtains At Greatly Reduced Prices4 You’ll find it to your interest to visit our Curtain Depart ment at this time. A great stock reducing sale is going on before inventory. This is especially interesting in view of the fhct that everything in this line has advanced materially since bought these goods, so that at the prices we now quote you get\ the goods as low and in some cases lower than the actual whole-' sale market price at present. $1.25 Nottingham Curtains. 80c | .‘fti.50 Irish Point Curtains.$3*98 1.50 Nottingham Curtains. 95c 7.50 Irish Point Curtains.. 4*50 2.00 Nottingliarn Curtains. .$1.20 i 9.00 Irish Point’Curtains.. . 5.25 _.o0 Nottmgnam Curtams. 1.63 j 12.00 Irish' Point Curtains. 8.00 .100 Nottingham Curtains. 2.00 ! 14.00 Irish Point Curtains.-10.00 5.00 Ileal < order! Curtains. 3.00 j Its.00 Irish Point Curtains .12.00 0.00 Aral) Corded Curtains. 3.50 120.00 Irish Point Curtains. 12.75 7.50 Arab Corded Curtains. 4*50 ; 22.00 Irish Point Curtains .14.00 10.00 Arab Corded Curtains. 6.00 ! 20.00 Irish Point Curtains .16.00 (\m I ATC of Irish Points, Arabian, Renaissance, IIA IE* TACT IfUU LUIu Chiny and Bonne Femme, at U/ILr LUj 1 COMFORTABLES AND BLANKETS AT ATTRACTIVE PRICES $1.25 Comfortables, at. 98c $1.50 Blankets, at. 98c 2.00 Comfortables, at. I.49 2.50 Blankets, at. 1 49 2.50 Comfortables, at. 1.89 3.00 Blankets, at.. i‘.98 3.00 Comfortables, at.. 2.2 9 5.00 Blankets, at.. 3.29 Exceptional Sale of miirw nnyi?Pg e have patterns that came m late for the Holiday Selling. If we had them in time there would be none left now. But we will close out the lots at great reductions. $2.00 Couch Cover.1.29 .$2','75 Cover.1.89 $3.00 Cover.1.98