New Britain Herald Newspaper, January 6, 1917, Page 5

" THE ESTEEM IN ' WHICH THE TR - NEW BRITAIN DAILY HERALD, SATURDAY, JANUARY 6, 1017. RAVELERS INSURANCE COMPANY L. F. BUTLER, President. The Leading Company of the World Engaged in Life, Accident, Health, Liability and Compensation Insurance New Life Insurance Paid for in 1916--Over ONE HUNDRED THIRTEEN MILLION NINE HUNDRED THOUSAND DOLLARS Gain--Over THIRTY-FIVE MILLION FOUR HUNDRED THOUSAND DOLLARS (The Company again reaches its maximum of new Life insurance permitted by the New York Statute, and is the first New England Company to pass the ONE HUNDRED MILLION mark in new paid for Life Insurance Total Accident and Health Premiums in 1916--Over FIVE MILLION FOUR HUNDRED FORTY- FIVE THOUSAND DOLLARS Gain--Over FOUR HUNDRED SEVENTY THOUSAND DOLLARS Total Lmblllty and Compensation Premiums in 1916--Over THIRTEEN MILLION DOLLARS ~ Gain--Over TWO MILLION SEVEN HUNDRED NINETY THOUSAND DOLLARS (The income from Accident, Health, Liability and Compensation insurance is the largest of. any Casualty Company in the World) CONNECTICUT BUSINESS IN 1916 New Life Insurance Paid for--Over THREE MILLION EIGHT HUNDRED '!'HOUSAND DOLLARS Gain--Over ONE MILLION SEVEN UNDRED TIIOUSAND DOLLARS Total Accident and Health Premiums--Over TWO HUNDRED THOUSAND DOLLARS Gain--Over TWENTY-SIX TBOUSAND DOLLARS Total Liability and Compensalion Premiums--Over SIX HUNDRED FORTY-FOUR THOUSAND DOLLARS Gain--Over SIXTY-FOUR THOUSAND DOLLARS LIFE & ACCIDENT DEPTS. John W. Waters, Manager R. W. Cooley, Asst. Mgr. BRANCH OFFICE. Travelers Building—700 Main Street. LIAB]L!TY & COMPENSATION DEPTS. L. E Sawyer, Asst. Mgr. E. B. FIELD JRESTRY WILL BE New Public Works Burean Among oher things the charter re- vision committee last night voted in | favor of a charter amendment to make the forestry commission a bu- reau of the board of public works. It nlso voted in favor of giving the board of public works the right to ‘irecommend a subway without being compelled to order a permanent pav sment in connection with it. The mat- * ter of police and fire pensions was discussed at length but no action Tha lose present at the meeting were w’&drmnn B. F. Gaffney, Clerk H. V. Camp, Mayor G. A. Quigley, Repre- sentatives Edward Hall and Richard Covert, M. I. Jester, T. FH. Kehoe, Howard M. Steele and Ernest Teich. Board of Public Works. Regarding the petition of the board of public works to give that body per- mission to remove trees, City Engi- neer W. H. Hall explained that the oard wants the right to remove ““only dead and dangerous trees and not to cut down trees promiscuously. 1t was decided that this is a matter | {GIVEN ATTENTION, i i 1 | 1 { i 1 { pavement. for ordinance rather than charter and the resolution was'referred back to the board of public works with the recommendation tHit the council be asked to pass an ordipance covering this. The city ecngineer also ex- plained that the board of public works fecls it is for the city’s interest to have the right to recommend the construction of a.subway without hay- ing to order permanent pavetnrent. . Mr. Camp thought such a measure might be costly for the city inasmuch as it might induce people on various streets to petition for subways in their streets that overhead wires might. be abolished. The present rule is that subways cannot be installed un- less accompanied by a permanent On motion of Mr. Kehoe to prepare charter the public works it was voted changes such as board asked. The Forestry Question. The forestry commission amend- ment was taken from the table on mo- ttoli of Mr. Covert. It provided for a rpgular six man forcatry commis- slon outside of the board of public works to have full powers over all trees and shrubbery. W. B. Rossbery chairman of the present forestry com- mission wgg called into conference. It was explained by City Engineer Hall that the duties of such a comunission and those of the board of public works might conflict, but he thought the board of public works would be willing to relinquish all powers over trees except the removal of dead and dangerous trees. At present the board ot public works sets out trees, trims trees, sprays traes, planris trees, etc. You cannot afford to buy potash at present enormous prices, but it ANIMAL FERTILIZERS, LL is essential to fertilize. Experiments have proven that larger amounts of org: phosphoric acid will produce profitable without potash. crops anic ammonia and Our fertilizers are from nature’ sow-n prescription—animal matter, consisting of BONE, BLOOD, MEAT and ln(h grade chemicals. They will enrich our land and give you abundant crops. '[_’alk it over with our local dealer and write us for booklet, “Producing Profital lucts. ml- P!l'l‘ll.lz!l CO.. m Mass. Mr. Camp suggested that the com- mission drop the whole matter and let the board of public works handle the tree question by the appointment of a special tree committee. Mr. Ross- berg said that the board of public works in the past two years has pald for new trees set out. It was finally decided a motion of Mr. Steele, to avoid any possible conflict of au- thority by creating the forestry com- mission named by the mayor, as a bureau of the board of public ‘works to have- charge of the trees in the city. Mr. Teich and Mr. Kehoe will confer with the corporation counsel to see if this can be brought about ‘without charter amendment. City Meeting Month Earlier. Mayor Quigley, as a member of the committee including Messrs. Steele and E. W. Christ, reported on the proposed change so that the fin- ance boad shall meet in February in- stead of March and the various de- partments submit their budgets a month earlier, resulting in the city meeting being held a month sooner. This would make it possible for the board of public works and other boards to begin their outside work much earlier in the spring, resulting in their being able to do. more work during the year. The time for the city meeting would also be changed to ten days after the meeting of the finance board, rather than sixty days as at present. The mayor would Hke- wise be emrowered to call a special meeting of the council to consider the finance board’s report and then ad- journ from night to night until it is adopted instead of for a week as now provided. The report was accepted, but the plan cannot be carried out this year as the legislature will not have passed the changes In time. A written request from the cor- poration counsel asking that the ques- tion of changing the city court to rone of unlimited jurisdiction be re- ferred to the lawyers’ committee in charge of Judge J. T. Meskill was granted. Judge Meskill's committee will report other mneeded charter changes dealing with the city court. ‘Water Board Plans. The corporation counsel’s report on a water department charter amendment was read. It provided for a bi-partisan board of four members to serve for four years terms and so .| appointed that one man’s terms will expire each year. It also provided that the commissioners shall serve without pay, except the chairman whose salary is to be fixed by the council. Some of the commissioners thought that the clerk should not be a member of the board and Judge Gaffney offered an amendment that would provide against any commis- sioner receiving pay for any services on the commisston. This would pre- vent a man serving dually as clerk and commisstoner and receiving pay as clerk. Mp. Kehoe objected to this unless this rule be made applicable to every board. ¥e declared that to his mind the move I8 simply a slap at one'individual under cover of the charter revision committee. Mr. Camp denied any intention to hit at, | abandonment of its historic policy of any one individual. The matter was finally placed on the table until the next meeting. Police and Fire Department. Another amendment drawn up by the corporation counsel regarding the fire and police commissions, was read. It provided for bi-partisan boards of focur members each, the chairmen only to receive pay. Changes were suggested making the mayor a member of the boards ex- officlo that he may break ties. The proposed ‘amendments were laid on the table until next week and in the meantime the commissioners will study the matters carefully. Regard Pension Furd. The mayor, asked that commis- sioners’ opinions be expressed during the week so that at next ° Friday night’s meeting the pension commit- tee can report on some practical plan. His Honor is much in favor of evolving some plan so that each fireman and policeman will have to pay a certaln small percentage of his pay into the pension fund. While it would not be possible to compel a man to pay part of his wages into the fund, it would be possible to disbar anyone who did not pay from participating in the penslon, it was stated. The mayor does not think the city should be asked to bear the entire burden of police and fire pension, and thinks that the men who are to profit should bear some of the ex- pense percentage. In Bridgeport and New Haven the fire and police de- partment members pay two per cent. of their wages into a similar pension fund. SENATE GOES FIFTY- FIFTY WITH WILSON Endorses His Note But Not in Its Entirety ‘Washington, Jan, 6.—By a vote of 48 to 17 the senate late yesterday adopted Senator Hitchcock’'s resolu- tion endorsing President Wilson's peace move, but only after it had been amended specifically to make its inrorsement apply merely to the sec- tion of the president’s note which suggested that the belllgerents state the terms on which peace might be discussed. Senator Hitchcock’s acceptance of this amendment which was pro- posed by Senator Jomes of Washing- ton, came at the close of a speech by Senator Borah, in which the senator from Idaho warned the senate that in indorsement apply merely to the sec- whole, with its suggestion of an in- ternational ‘ agreement to guarantee peace, it wasscommitting itself to an refraining from participation in Eu- ropean politics and was endangering the Monroe Doctrine. Ten republicans voted for the re- vised resolution and one democrat, Senator Martine of New Jersey, voted against it. Full galleries heard the debate, and few senators were ab- sent from their places on the floor. Senator Borah, followed Senator Lewis of Illinois, who, in the course of a defense and interpretation of the president’s note, went even : further that the ‘“verge of war” statement of Bank No. 1184 Report of Condition of the NEW BRITAIN NATIONAL BANK at New Britain, in the State of Connecticut, at the close of business on Dec. 27, 1916. RESOURCES Loans and discounts $2,699,208.65 Overdrafts, unseoured 1,213.06 U. §. bonds deposited to secure cir- culation (par value) 100,000.00 Bonds other than U. 8. bonds pledged to secure postal savings deposits $ 95.812.00 Securities other than U. 8. bonds (not including stocks) un- pledged *..%......... 390,106.43 Total bonds, securities, etc Stock of Federal Reserve Bank (50 per cent of subscription Value of banking house Net amount due trom approved re- serve agents in New York, Chica- g0 and St, Louls ..$ 90,875.99 Net amount’ due from approved reserve agents in other reserve cities $220,495.26 385,918.42 15,300.00 230,000.00 311,371.25 Net amount due from banks and bankers Outside checks and 77,274.23 other cash Fractional currency, nickels and cents .. 565.94 4,620.47 49,120.00 7,500.00 Notes of other National banks Federal Reserve notes Lawful reserve in vault and with Federal Reserve Bank Redemption fund with U. S. Treas- urer and due from U. S. Treas- urer 326,095,10 Total LIABILITIES Capital stock Ppaid In Surplus fund Undivided - profits Less current interest, paid $310.000.00 200,000.00 ..$205,034.61 expenses, and 183,235.19 Circulating notes outstanding 97,200.00 Net amount due to banks and bankers Demand Deposits: Individual deposits to check 3,951,825.73 Certificates of deposit due in less than 30 days Certified checks Cashier's checks outsanding Postal savings deposits Total demand deposits $3,080,843.76 Time Deposits: Certificates of deposit Other time deposits Total of time deposits $245,202.96 Total $4,202,630.18 State of Connecticut, County of Hartford, as: I, F. S. CHAMBERLAIN, cashler of the above named bank, do solemnly swear that the above statement s true to the best of my knowledge and bellef. F. S. CHAMBERLAIN, Cashier. Subscribed and sworn to before me this 5th day of January, 1917. H. W. EDDY, Notary Public. CORRECT—Attest: A. J. SLOPER, E. N. STANLEY, JOHN B. MINOR, Directors. 86,148.27 subject 37,626.11 1,183.92 5,429.00 84,780.00 100,000.00 146,202.96 Manager. C. L. Waite, Asst.«le’ Secretary Lansing .by saying on his “own autherity,” that “this war can- not continue without America being involved in a conflict. In the excess of our generosity to the peace of this republic,” he said, “we accepted ex- planations from gifferent countries of the world of injuries to our citizens and property. But if those conditions shal]l again be repeated, America will not accept the excuse of a miscon- ception of orders or an excess of zeal upon the part of an officer.” She will resent and to the extent of her power punish a wrong to her people or an insult to her nation. No amount of logic nor' pacification would avail. The continuation of this war in Eu- rope will mean war in the United States.” b The original Hitchcock resolution read as follows: ‘“Resolved. That the senate ap- proves and strongly endorses the ac- tion taken by the president in sending the diplomatic notes of Dec. 18 to the nations now engaged in war suggest- ing tions state the' terms peace might be discussed.” \VELERS IS HELD AT HOME! As amended and Movtod. lution read: “Resolved. That the Notice ! - - The annuai meeting of | Britain, on Tuesday, the January, from 11 to 12 o'clock a. m. 1917. Pojls will F. 8. CHAMB! New Britain, Conn., December 9, 1816. The life of a tire is measured in miles. Now you can see many old tires starting out from Ji little tire shop for another one, two or three the miles of life. Jack’s the little boy who can tate an apparently dead tire into new life again. with tire prices sailing up like an airplane it you, Mr. Car Owner, to get 4ll the miles you efit of your tires. Flat tire on the road ? CHARTER 4641 JACK THE TIRE EXPERT - 137 Allyn St., Hartford. holders of the New Britain | bank, for the choice of, . the ensuing year and fi action of any other busl: come before said meeting, * held at their banking house 1 d recommending that thom upo!, proves and strongly endorses thy quest of the president in th matic notes of Dec. 18 to the now engaged in war that tions state the terms upon peace might be discussed,.