Newspaper Page Text
in which McCurdy had his son ana
son-in-law as partners. This swindl
er's fifty dollars a week and her ad
vances were paid by the Mutual policy-holders.
They paid the hundred
! 1 thousand and hundred and fifty thou
sand dollar salaries to men who ser
ved them no more than Mrs. Rob
erts. Those salaries were paid, and
salaries still too large continue to be
paid, for what? Not for wisdom in
i the management of investments. Sav
ings-bank investments in New York
I aggregating hundreds of millions of
I dollars arc managed by men who
i give their time for nothing, or rc-
ccive nominal salaries. The huge
, salaries are for preeminence in the
$ ability to inspire agents, for mastery
of the arts and tricks of overpcrsua
sion, cajolery, and deceit. Out of
every dollar you pay for life insur
ance, from ten to twenty-five cents
goes to the agent who persuaded you,
or to his superiors, or for expenses
incidental to his costly existence.
For the man who would insure with
out the intervention of an agent there
is no way. Is there any final remedy
for this except for the State to fur
nish insurance over the counter to
th.osc who come for it, at no expense
except the three or four cents out of
the dollar of premium which would
pay for extra ele'rks in the Treasury
and the necessary medical cxnmi
THE GREAT LAW-MAKER.
For a dozen years we have been
talking about "clastic currency,"
about "emergency" circulating notcr,
about some fotm of money, based
upon the gcnctal assets of the com
munity and backed by the unlimited
united financial power of the com
munity, Which the banks should be
permitted to issue in a time of acute
stringency m order to prevent whole-
sale, drastic liquidation for, ob
viously, if everybody should, at any
time, insist upon converting all pro
perty into money a vast demoraliza
tion would ensure. If everybody in
sists upon selling at once there must
be a big smash.
The "currency-reform" propagan
da made little 01 no headway. Re
solutions of bankers' conventions
and committee reports went into tlie
tJ Phoebe 5tr2pcjJ& A
IrraSj&'V.' . . '&&i(s Walt tr Roth weMPWSS'- ' '-WrSSJ
ARTISTS IN HENRY W. SAVAGE'S AMERICAN PRODUCTION
f OF PUCCINI'S JAPANESE OPERA, "MADAM BUTTERFLY,"
waste-basket by the ton. Congress
took no action.
Then a situation arose which, in
the opinion of Chicago and other
bankers, made "emergency 'circula
The bankers may have been wrong,
but that is immaterial now. They
believed that "clastic currency" wai
necessary to prevent the wholesale
liquidation and the consequent col
lapse of the business structure. So
they simply acted under the law 01
necessity, and issued the emergency
notes in the forms of checks guar
anteed by the Clcaring-Housc Asso
ciation, based upon the general as
sets of the community and backed by
the united financial power of the
community. These checks circulated
and were designed to circulate as
money to take the place of legal
Nobody objected. Every one ap
plauded. Neither Congress nor any
other legislative body had authorize!
this new course. It found its sulli
cicnt sanction in the general opinion
that it was what the situation de
manded, Congicss is often a lone;
ways behind the people.
ESCAPING A LUXURY.
Should we experience a season ol
sonic adversity, sweet will be one of
The report of the Pullman Com
pany, recently published, shows that,
in the fiscal year ending September,
1907, over eighteen million persons
patronized the company's cars
against less than eight million seven
years ago. The number of passenger-,
carried increased 130 per cent, whiU
the company's lcvcmic increased only
115 per -cent, so it seems to have been
guilty of accepting several cents less
a passenger on the average; but that
it has not committed the further fault
of giving better accommodations a
dollar in fact that any traveler can
verify from his own experience.
For two dollars the Pullman Co.
still gives you a neat little coffin to
sleep in, made of very exquisite wood,
but sadly lacking in most essentials
to comfort and decency. If you are
prejudiced against undressing in pub
lic, and desire to hang up yourclothes
instead of making them into a wad
at the foot of the bed, you must pay
more and stick to the main traveled
Should we experience some adver
sity we would no doubt return to the
comparatively airy and spacious day
coach. Our bed-furnishings, consist
ing of a newspaper, would weigh ra
ther less than the Pullman equipment
and perhaps rather lighter upon out
imaginations. The company might
have to defer the next "stock divi
dend" a few years having disbursed
in that manner so per cent in 189S
and 36 per cent in 1006, in addition
to an extra cash dividend of 20 per
cent in the former year. Beinp frit-
ALL NEXT WEEK
The Lady Dainty of the Vaude
LILLIAN BURKHARDT & CO.
In "The Lady and the Bracelet"
Dancer, Mimic and Impersonator
CARON & FARNUM
JOE LA FLEUR
Daring High Ladder Gymnast
MR. & MRS. CLARKE
A Musical Revelation on the
WILBUR MACK & CO.
In a Musical Farce "The Bache
lor and the Maid"
KINODROME Motion Pictures
Every Evening (except Sunday)
75C, 30c, 25c. Box seat, $i".oa
Matinees Daily (except Sunday
and Monday), 50c, 35c, 10c. Box
Anyone Rending n akolrli nnrt description may
quickly iwerlnlii our opinion freo whether an
Invention la prntiahly pnlcntahtn. Communica
tions MrlcllycntiilUontfal. IIAHUUOOK on I'atouu
emit freo. OMost nironry forBocurlniMmtciits.
Talonia tattcri through Muim & Co. receive
tftcUU notice, without charge, lutho
A handsomely llhistratni weekly. Ijinrest clr.
culiillun (if nny ericiillUo Journal. Terms, (a B
yoart four months, fl. tJuUlbyull newsdealers.
(V!UNN & Co.30,Broadwa'- New York
Uraucli omco, CSVBU Washington, D. C.
tfTIISW TnE 0BICIN1L SCI100L. lnstroo.
u I U U S Uon 7 mal dapted to everyone.
sv y aw a Recognized by courti and educator.
" "" "" " Kxpeneuood and competent Izwtrnct-
) ora, Tales spare time only. Tim
(till course Preparatory, Business, Col-
I It WH lege. rrepares for practice. Will
mS W tetter your condition and prospectf
mmmmm lnbnitness. fltudentaandgxaduase
M ssji particular! and f Jt
JIT ipealalaffar ClUa
THt SPRISOE T- 41 ,f
UnilC school of uw.jMpQH
II U In k HlMuuncBui. n1MB?
Den.al Office moved from Eagle Blk
500-501 Scott Building, 168 Main,
Over King's Hardware Store.
gal itself, it would no doubt cheer
fully accept the postponement as an
evidence that people were not foo!
ine away their raonoy so recklessly.