Omaha Daily Bee Newspaper, February 16, 1903, Page 5

THE OMAHA DAILY e mes® FUGITIVE MAYOR ARRESTED AY BE HIGH Wheleaste Grocers sy There i Pres. | Allized Mimneandlis Briber Osaght iz Few Hampshire Oity. PRISONER PRESENTS PITIABLE SIGHT Halr Has Tursed Robust Man i» Se Brekes Dews that SEEE—— AFFAIRS AT SOUTH OMAHA Scbosi Powsd Woeting Becomes Topic of General * Discumicz. BEE: MONDAY, FEBRUARY 16, 1008. cfieers will moon recetve by the gevernar | CANNED CORN W I 15 LAVERTY'S Tumw ! —_— . Prosecuted President There Has Come Retmlbmre—Other { & sister of hie wife resides. 1t has been | FIFTY-SEVENTH ANNUAL REPORT | ows head and keep it out of the invesior's represented bere that his bealth was such or THE bead that you are simply amsuring his e that he could mot be returmed to the city | | Aveld ihat insdequate coneeption of the st i e ‘CfiiIECIICU[ NN R e so rafically changed. carrving the rates of interest 8o Migh, a4 to ceuse some ing of & Oecremse in Marker values bough very slight ae @ perceniage on our large holdings. indiowting their & rong char- ter. Such changes 00 Bet afect at the income from them. @ With & return of former conditions & Teturs of former values is to be expected With the exception of two jveme o municipal bonds, Interest has beer clumely caliected on sl securities The Real Betate Market in 198 was not His bandsmen were the Jeast copoerned and sclentificalls. Tou are selling & block of any one regarding bis comiinued absemce | Mot bonfie—that i the firet Mo To that from the oity, and They are mot the per rou add the ides of insurance. Insuranoe sans who are Qefraying the expenses | ot whitt Why, insurance of the investment the sherff in k's pursuit Ilsun |1t 1s not, steictly spes bing. Nile assursnce | any more thes it i¢ fire inewrance, or ma- | JOINS DENVER WITH GULF| Peet of & Shortage in the WILLER SAYS 1T Supply. Wholesale grocers are becoming some-4 what alarmed over the poor prespest of securing suficient nped 1o supply the demand next winter. The sced %o far Hints that { = Time o |rine ineurance—it i bond Imeurance ery “But your client may sav: ‘The question of cost is & gumble after all’ ‘Well, you oan magie ity Gossip. the talk on the wreets yeserguy | congiSerable interes prepared the charges that Mr. Laverty hes (mot been acting in good faith and the pre- now is to impeach bim. In spesking matter yesterdny A V. Willer, pres- jGent of the board watd that Mr. Laverts been fighting Mm and now there was change in aftairs was to the eflect that all were to be excluded and ion was to be held will be made 10 take iaring of » foundatipn for 1t 15 pomsible, bifle mar be advertised for There seems to be 5o wuch friction ameng | the, membars of the bourd jJust mew that litthe It @my business can be transgied Some tearhers may be elected, but this e | meTe ounjectune At any rafe, if there i 2 guarwm there probebly will be & wescion that will keep couple_of stemograpbers busy for ut Jeast & couple of hours Flans and SpeciSeations This evening the city council will meet and it te undersisod that at the reguest ©f the mayer and seme of the members ©f the counttl an order will be issucd to| ibe ofly engineer instructing him to see ® it thet plans and specifications are sent 10 hig office when bullding permits She calied ‘for. The charter, as well us The city ordinances, provides for this, and hese orfinamoes will he enforoed bow for the Tesson thst certwin persoms have aken advastage of the fact thui Enginee: Beal has been engaged on other work fo some time wnd has Dot hed the oppor tunity of properly Iimspecting buildings. During the winer menths there was not! much building. but now that thers appesre 10 be @ Jet up not esly i» the price of buliding matertal. but in the cond! af the weather, it is expected that buliding will be pushef here. In order that all !%Li! i !E'gglilili £ £ o Jook for D. F. Yost of reached bere Seturday 4 secured & Joam of $2.000 from frm. The loun was -ured. so the commission frm could Ieabing. but friends and relutives were searching for him Late lust night the polio: located Yost st Murrsy, Neb. where tizef i _3!3i4 friends of both families will be served and there wifl be music ané possitly & few surprises for. those whe attend. Magie Cliy Gossip. ome of the droughtsmen =1 the Bwift plant, i» laid up with & badly Gatl Hemt! 3 back from & trip ocoupving twe weeks. which took him over cumsider- abie western territory w eveniug of this week the arill orew of jogge No. = will give Peliows hall & dance at The tenm of Washakic tribe of Red Men give the second und mask ball a1 the toop armory T y might sk Natene Guard aviearing i vhe S weoek passed. These 1 teried “hows iiself so poor thet the emstern canners have refused make ocentracts froely afd ‘his has foroed the New York b onto the Western market for the me o years These burers have contracted for all the corn ther can se- cure and the easterns canners have oen- tracted for all thes are certain they can Geltver. This Jeaves the wesiers johber i many uases, short of bis ususl supply in the fave of wha! may be & general short- nge sSome of Omaha jobbers are fairly well protecied but others ere anxious Jooking for cenners who are willing to make comtracts for ‘uture delivers on the busie of coutructs made last week. It is feared thet the situstion #ill result iz suck & bify price in the fail that the comsumption will be materially redueed MURDER IN SECOND DEGREE o Commty Atternes; Determines Upon the Charge go Be Filed Agsinst Patrick Shea. Murder in the secund degree will b *he | charge in the compluint against Patrick | Shea. whe inficted kmife wounds upon Joseph Resek ix & South Omahs suioou {Tow, from which wounds Reaek Gied iaw week: The information will be filed Oounty Attorney James P Bnglish. whe | has reserved action umtil this time that | be might have opportunity 1o go over the evifence submitted st the corower's jQuest. Deputr Momtgemery of South | Dmsha will nesist in the prosecution and {9t ie presumed that A W. Jefleris will dp- fend. When Sbes was first taken to jall he sent for J. M. MacFariand. Subee quently W. F. Gurley was called, and then Mr. Jefleris appesred. Untll the day of the thought bhe was Te- inguest MacPariand tained. Friends of Resek have affered to employ counsel to mssist the county ai- torpey. totay by |BLOW SHATTERS TALK WIRES indiana Men Use Dy namite to Destroy Tell Lime Telephone Cnbles. WARSAW, Inf, Peb. 15 —Dynamiters Gestroyed the 1ol line cables of the Com- mercial Telephone company here today The men selected & cable box &t the top {of a pole, where the cables center snd ! Jead inio the exchange office. The top of the pole was biown off and several windows in bulldlugs nearby were shattered. The wreckers escapod {ALLEGED BANDIT IS HELD Bearmouth Traie Robber Suspect is Arrested by Ansconds Police. ANACONDA, Mont., Feb. 15.—The police bave arrested Napoleon Sevoy, whe bas beep identifed by Express Messenger Otis Teduring the front Goor of & residence st 708 North Sixteenth street 10 xindling wood becaume behing it his Tormer wife had taken Shape trom B ariack The policeman ar- ™ Immedistely after Way's foot had @ome through snd becume fastened In & panel, hoiding him sn unwilling priscner Cruse ms Chief Quartermaster. Major Thomas Crase guartermester of the United States army, will assume the | Quties of -chilel quartermaster of the Die- | partment of the Missouri comtinuing in {that cupecity uptll the return of Colonel | Pullmen, who = expected back about Aprel 1. | | { { | | | fn- | | meny Friemds Scarcely Recognise Munted Executive. HANOOCK. X. H. Peb 15.—Broken sbly beyond Alonze Ames { apolis, w |of & jocal minister and pleced unfer ar- rest by Speriff Doane of Manchester pitiabie was Wis cendition that be was Dot Jocked up, bmt left in charge - | Beputy 10 await the | Minneapolis | After hir arrest Ames communicsted | with Pormes United States Di At torpey Charies J. Hambleht of Nashus and | obta for & fight which { be = ! make agains: exirad t.c eiters Fagitive. bees bere for several ! slthough Lie presence was mot | ksown outside the house of Rev. C. H | | Chapin. who received and sbeltered him | {Mrs. Chapin 15 a sister of the woman who atcompanied Dr. Ames, snd who is sup- | posed 10 be his wife The knowledge of this rela: ship probably Jed to his de- tection Sheri Doane received & commumics: rom Chief of Police Gregor of Minnespolis asking him to go to Hancock «nd see if Ames had sought refuge of the bome of | mis sister-in-luw. The sheriff come here snd afier ap imvestigation placed Ames un Ger arrest this afternoon The prison suid to have Slaimed this sftornoon thet were he & weli man be would tury and ¢ the charges, but that under circumstances be woul make & desperate fight. Attorpey Hambiet has not yet seen his client, but come | bere tomarrow Dr. Ames s wonds the description of Minneapolis police. He has grown 2 full beard and his hair % slmost white It is said be is €2 yvears of age, but he looks over Th. *His flesh is much wasted swa and from & phyeical standpoint be is belp 1e | Just how lomg the parsonage has pro- | tected the prisoper and his wife is Dot known outside of the house. nd Dome of the family is inclined to talk. It is be. leved, however, that Mimneapolis detec- tives who followed him Boston were recoguition, Dr. Dr weeks Ames has the trom e changed him semt out by | throws off the track there and thet be came | Qirectly to this town When the Minnespolis fficiale reach bere protably on Tuesday, the mattes of Dr | Ames’ extradition w be taken up before the governor aund council Developments | tomight indieste that Dr. Ames still has ends end sbundunt fnsncisl re- | sources, and that every efiort to bring him | to trial in Minneapolis will be bitterly | contested | Must Face Brikery Charzes. MINNEAPOLIS, Peb. 15 —Sherfl 1. W Dreger is on his way to New Hampshire | with papers for the return of A. A. Ames the fugitive who Gefaulted his heil of<§1, O00. The sutborities have kmows of his | location for some time, but it was not untdl | s peremptory \order was given by Judge | Herrison that steps were made to have him returned to Minpeapalis for trial. He is aocused of offering bribes to county | commissioners in order to have his secre- | tary, T. R. Brown, electod sheriff to suc- oeed Sher! Megmarden, who was removed by the governor for malfessance, and alse of accepting money from sbandoped wo- men. There are four of these infictments. { A sixth charges him with conspiracy Dr. Ames fied from the city in July and for & lomg time was &t West Baden. Ipd. | When he was due to appear for trisl he was still in Indisna &nd was reported il Later he went to Loutsville, Ky., and was under surveillnce for some two weeks Just before Sherifl Dreger arrived in Kentucky Ames was warned by some of | his Minneapolis friends znd #éd to New England. He was in Boston for a time and lster went to Hameock. N. H. where New “Prisce Rosd Already Arranged | in Spirit. & physical wreck. apd changed ,,,.(,,_lo". genersl manager of construction and | public, and for the whole insurance worl Albert | formerly meyor of Minne- | @iscoversd tedey in the home | rrival of officers from | for WHI Commect Colors: New Orieams GUTHRIE, Oki, Peb. ii—Jehm B Lio- townsites of the “Frinco lines in Oklahoma, sald tofay thet sl the securities have been soid und all the townsites contracted for between Enid, Okl, snd Denver, Colo. S0 | on the exiension of the Arkansas Valley & | trom the Mues of practice whi Western from Buid to Denver. This extension, be explained, will be the main live to Oulorsdo of the Prisco bx- tensions now being made nortbwest from Gitprie, Oklahoma City snd Tuisa City, 1 T The three lines will join in morihern Oklshoma. The uitimate result will be & dfrect line from New Oriwsns te Denver PSR T DEATH RECORD. T. ¥. Cross. AVOCA, la, Feb 16 —(Special Tele- gram )—T. F. Cross of the firm. of Crome & Myers, bakers of thic oity, died thie evening about T o'dlock In paralysis. Mr Cross wes taken i1l on July 1 imst with symptom: of softening of the brain, which grafiually @eveloped inte & mild form of ineamity He was taken to Clarinds December 1. The Gecensed was 42 years old and Jemves & wife and fouwr children. The fuperal will be heid on Wedensdnr and will be in charge of the Moders Woodmen of . America, in which s be beld & for 1006 Patrick Horan of Schuyler ick Horan, ose of the ploneers of Schuyler, Neb., died &t the bome of his son, Patrick, 3608 Charles street, Saturday evening st 10 o'closk. of Hid age. M: Horsn came to this city sbout four weeks g0 his son. He passed sway afier ves iliness. The Geccnsed was B0 yesrs of age &nd had re- sided in Schuyier for thirty-five years and was held in high esteem by the residents of thet place. He 8 survived by three soms, twe o8 whom reside in thie city, the other living ip Seburier. The body will be taken to thst place for interment H. 3. Hedeon. COLUMBUS, Neb., Feb 15 —(Special Telegram )—H. J. Huison dis¢ st hie home in this city_this afterpoon after an illness of & couple of weeks, aged &2 yemrs. Hp was one of the sidest O4¢ Fellows in the state and wae past grand master and past £rand representative. He was an 08d Fel- low over fifty yesrs ago in England. He was obe of the esrly sertlers in Platte county, baving located heve in 154 Dr. George W. Sloan. INDIANAPOLIS, Ind. Feb 15—Dr George W. Sloan died this sfternoon of ppoplexy. He was formerly president of the Americsn Fharmaceutical associstion and in 1900 was elected trustee of the United States Pharmaceutical eonvention. He was @ thirty-third Gegree Moson. At | the time of his Geath he was presifent of the In@isnapolis school board Mre. B4 Watkine HASTINGS, Neb., Feb. 15 —(Special Tele- gram.)—Mrs. Bd Watkine, wife of the pro- prietor of the BA Watkine Printing house, @ied this morning &t § o'dleck &fter an fllness of sbout thfee weeks. Mrs W kins wes & dsughter of Ohief of Police Wanzer and laaves @ large circle of friends and relstives, besides & busband and three chilren HYMENEAL. Kirche-Stromg. WEST POINT, Neb. Peb. li—(Special) —John Kirchoff and Miss Bmma Strong were married Thursfiey =t the Germwn Lutherss church, morthwes: of town. Rev Otto von Gemminger officisting. Both par- ties ure well known regidents of Monterey ownship and will reside ibere on the farm Just purchased by the groom Taxation of Railroads for City Purposes Home Rule in Tazation. \ Nebraske Independent (pop.) Whatever mey have been the original motive 1n separating the taxing juristiction of Omshs, South Omahs &3¢ Lincoln for municipal purpeses. from taxstion for steie ané county purposes. the fact remains thet H R 17 carries out the ifez of bome rule in tstion—s poinciple that every populist snd Oemecrstic member of the Jegisluture canpot afiord o eppose. The seme idea should be applied to every wther city 1p the state. 1t should be appliod 1o the sasessmeg! of raflroads for couniy pur- poses, sithpugh for county wnd etate taxa- tion the “Qistribution” of railrogd values sccor@ing to the mileage plan in force iF he most nearly equitsble plan that can be adopted. It may Dot be perfect—but there is 0 perfect tazation, with ell due respect o the single tagers Other bille applying the mame principle for oty Aaxstion, should be introduced so that every oty 8 siate muy have | the same rights 2s Omabs Xope of them can pass this reliroad-ridden legisiature— but every man who wears the raiiroad ool lar should bhe pul on vecord. The fusion | members—s mere handful, 1t i true—have pow the opportunity te sbow what stuff they are made of A esucus showld be held ant the minority should act &s & unit Mentcipal Bevenue. Lincoln Journs! (rey As the Journs! has beretofore suggesied fhere is Do COBBECUIOB between the Propo- sition 1o assess the property of railresds tor wunictpal texes and the system of & srasing cOUB'Y &BE SLate tRXes by the mile- a8 syeiem The milesge s;stem will not |be @mturbel t» smy menner showld the | Jegisiature amend the charters of cities by !s general law providing that the State | Board of Bqualization shall Dot gssess ter- |minsl =nd efher property for municipel | purpeses a5 &t Goes now under the present { {such & law %o Tar s cownty end siate taxs- the termimal prop- | property in the bounds ©f the chty. A gen @l v aliowing scjarste mubicipal es- | sessmen:s would be the better messure swverior to the propesition of Omabs o | conter that suthorsty especially @ metro politan cities by e smendmes: of ihe gon- property that will not apply with egual force to other property in & eity. 1o Omaha and Lincoln ail other property is assessed by & lax commissiober irncspective of the valustions put upep it by the county ms- sessors or the State Board of Equalizafien There is reasor in the method of assess- ing railroad property for state and coumty purposes Ly @vididg the whole value of the property Ly the number of miles of track &nf then assiguing the guotient walue to ©ach mile of the route. But to make that quotient the value of refiroad property in & city for municipal aesessment is simply 1o exempt railrosds simest emtirely from municipal tazes which was pot the intemt of the revenue law as # was originally framed. The general revepue law does not apply to municipal tazation and was intended tv. That is & subject for legislation in the general ‘neorporation s . The Omaha “Conspiracy.” St Paul Republican Considerable imterest has receptly been twakened pll over the state in the amend- ment to the Omehs charter now pending before the legislature which proposes to £ive the offcials of that eity suthority to wswess for municipal purposes the valusble railroad terminal property located therein This ipteres: is stimulsted by the report which % being industriously circulsted brough the rural districts by railresd Cbbyists (ha! &Ry incressed revenue from ruilrond tazstiol which Omabs may secure will eventually be extoried from the in- erior counties of the state, and that #t is ull & deep. Gark plot on the part of Omaks © ghin BB aCvanimge which does Dot belong o her. Only last week the Republican re- ved an article from the manager of the Teilroad lierary buresu. whichk supplied our “inGepender’ -demecratic comtemporary h ErEUMmeTts MgAIns! Incressing ralroad assessments noi Jong age. in which this ngenidus srrument was madc and meney was offered * its insertion in these col- umps as editorial matter. Being unscous- tome¢ to Subsidies, ovr suspicions were aroused and uv jpvestigation was insug- urated. We believe that we have Giscov- ered the cause of the raflrosds’ sudden in- terest in the we e of the rural counties, & well as the mspiration for their unusual geDerosity. and respectfully declive o lemd our columne. eitber gratuitously or for pay te such &b umworthy purpose So far as Omaba is concerned. she is Goubtless able tc Sght her own battle with- out the fecble assistance of This paper We have no Girect interest i thal city snd # mekes wvery Ut Qiflercnoe 16 Us whether the railrosts pay texes on their terminal property Into her treasury or pot But we éo not allow the satemen! Lhat mumicipal 4XalioE menns the jome of “trem 12 te 50 per cent™ of the railread wx te : A Crying Injustice Demanding Legislative Remedy. every school district in Howard counmty. It may mean & small loss—as to that we cannot sey positively—but this loss cau be more then offset b amending the gen- eral revenue law so 25 1o compel the Te- turn of all property &1 ité sctual eash valve for assessment purposes. It is a potarions To the Members | For mamy years the eperaiions of the Connectiou: Mutusl have been ssuming & mare and more Gistinetive and peouliar in- | terest for its members, for ‘be American o, and for several remarkable reasons worth | noting | For many vears the great { majority of companies huve been grad Iy swerving | 4 are n | an€ inherent in life insuravce, uptil &t Jast jmany of the largest =nd¢ most rapidly Erowing companies heve openly sbandoned | the motive of life ipsurance as the motive | |10 which they apepsl for their business: | they mo longer offer the recults of real life Insurance stiained by them as the sttrac- ton 0 the men whose familles Leed I8 protection ant whose busivess the) soek; they give their covtracts other numes; tve | pearance of a life insurance comtract; they | enfleavor us far s possible to give them | the sppearance of & profistie investment for the insured himeelf. He is offered not | | protection to those who need its protection. {but & “Bond” as & mopey-muking imves:- ment for himsel the geperal ignorance not o Giscover the | unalteratie facts which make such & thing impossible, 80 far as the great body of their clients is concerned, an® possibic, if st all, only to & few &t the undue expense of the meny o lue on of undertakes & mav's lfe penden whepever ihey by Gesth While be lives he puy the values of other men's ©f & premium proportioned @ring, according to ks age €ring increases Goes not in ay ibe those de- ¥ lose i lives by way his risk of His risk of b year, but his premium ; therefore it must be & calculsted & proper part of it can be put & Reserve Fund to meet the future increase of the risk; this Reserve is put at interest, & certain part of which is yearly sdded 10 the Reserve; an addition 10 this premium is also made to provide for his share of the expenses. if the Gesth losses mre ar heavy &8 was assumed in computing the premium, if the interest earned is Do higher than was as sumed and if the expenses are as much as was assumed, then the compamy will jus: pay iis Josses as they ocour, and there w be nothing over for amybody; the cost of the imsurance will Just equal the income but if the losses are lighter, the imtere | rete higher and the expenses less han wan assumed & saving will be made ou each of | these items of totel cost, and that cos the compsny will be 50 much Jess then the sssumed cost. Mutual Lafe Insurance undertakes to give | |each maen his insurance st omly what it | comts the company; st his equal share of | that totsl cost in proportion 1o his Tisk and | 10 ihe premiums he bas paid in. It returns to him, therefore, his share of the savings. |If 1t does this each year, thex be pays each | year only what Mis risk has sctually costq | the company for that year. The mere care- | tully the risks &re selected the betier the | Tate of iblerost earned; the smalier the ex- | pemses in proportion o the ‘ncome, the | grester the whole yearly savings; the less | the iotal coSt 10 the COMPARY the grester each map's shere of the total sevings and the jess his share of the total vosi—if e s buck his sbere of the savings. That is Mutual Life Insurance. There is no specu- | 1ation o that; there is mothing in that 1o make it attractive 1o & men as & personal venture; it is & pure expense io bim, snd Do one is advantaged in &ny case except his beneficiaries, who get the mopey value of his life wnich they would otherwise have jost by his desth. The only motive for & map to take & policy of Musual Life Insurence, therefore is the Deed of thowe Gependent om his life for its protection and his duty to give ths protection 1o those whom he has made who rightly are, dependent ex his life a: its fmancial product, snd his desire to get it &t only its ectusl, proper cost. | | The oniy way to make & policy sttracuv money ¥ to | a8 & persopsl venture to any mes is to do | s¥ay with mutuality, except in the premium | | chasged: charge the full mutual premivm. | but, instend of Eiving back to eack men bis | | share of the yesrling sevings, @ivide them | w among only & few snd make the rest go | | without. * | "o man would scoept wuch » proposicios | | umless be was either sssured, or fel & con- | sideratile degree of comBdemce, that he l'wag 10 be ome of the few. So the thing is |put uwp as » gumble. Back mar agrees 1o | | Jeave his share of the savings with the com- | fact thet the ralirost terminals are re-4PRRY $OT. sy, twenty years; ihat if be, dies | tursed st an infinitesimal mz‘.—lfifl-nlwhflhnumum,w, their real value, & propertion se small that when # s @ by the toral mileage |his vearls sbaves of ssvings which |might bave had back shall be forfel for the & pum bonds.” It s precisely because the grest bulk of business now donegby life insurance com panies 1 made 1o appesr apd 1o be as litle ke real life imsurance as possidle, and me much Mke & fnancial venture of personal profit to the “investor” ss possible, that the operstions of The Comnectiout Muwtual take on & pecular interest to all Whose families Deed the protection thet pure insurance slope can give For The Conbecticut Mutual is Dot offer ing “Bonds” wor “mvestment” which cas be made an sctual investmest to Ope man only by taking what twe other men have Josi on their “gumble.” It seeks out the men whose families Deed life imsur- ance: it offers them real life insurance, in its owD name on s OWD proper motive and basis; it does Dot expose itwelf and its bus of argument, admit that it i e. 1t may aid you in selling your ¥ |they suppress as far as possible ‘he 8p- | ness and the protection of ¥t beneficiaries to compiete destruction by policy centracts which permit ail the reserves 1o be drawn out in cash, in any year, st the will of the policy boiders, lke Geposits iv & bank: it Clarinds ot | ® life insurance policy for the sake of its | holds and treats its funds in the mamly manper iv which they can be beid and trested for the proper protection of real life insurance contracts and with am eve single 1o the sure oare of its benefciaries whose Ceriain protection is the only resson for the existence of & life insurance com- pany. Therefore, The Oompecticut Mutusl maine sctually & mutusl life insurance company. It selects jis risks with great in & Mmited area where the conditions ? life and health are well known; it seeks safety und fair returns on its investments it keeps down ite expemse Taie s Jow as possidie: sil in order to save ae much as possitile of the premiums received by it to be returped eack year te those ‘rom whom they were ed, 0 that each men's in- suranee shall cost him ar lttle as possible &nd only what it has cost the company; and it seeks to deal in entire eguity and the good faith of true mutuality with those who lapse or die, 50 that no one is plucked for the advantage of some one else In & werd, it ir doing and seeks 1o do business as & real mutusl life insurence compsuy, for life insursnce purposes. re- kmowing thst mever before was pure life | insurance wo Wuck needed as now, and all the more becsuse been usurped by that which is ot pure life insurence st sll. and the funds of which can Do Jonger be held with mny certainty for any purpose of Mfe insurance. It is in this light—as & rea! mutual life insurance company—that ite opertions are 1o be viewed and their results weighed THE EXPERIENCE OF 1802 In general, the experience of the Oom- pamy during the pest vesr hus been of that stesdy, even-going character which should cheructerive &n oM, thoroughly-grounded company, comservative in holding te the res] purpese of life imsursnce and to all bt best eflectustes it, &nf yet progressive het which will the better commend it bose who want it only for thet purpese. The New Business taken on in 1902 was somewhat more tham that of the previeus veer. The Ol¢ Business has persisted in the vewal remarkable Oegree, so Thet emount of busivess in force ut the end of ‘he yer shows the same stesdy Eain as for weversl years pust The Mortality cost for the yesr 1802 was t T per cent jess than thet expected and provided for, effecting & saving of $545 256 The Expenses of Management for the vear were Jens than for the year 1801 INTEREST. For several years the abundance of money . ceking conservelive investments has caused & progressive Gecline in the rate of fmter- est on good securities, and this Compsny has been somewhst affected therehy in common with all other finsncisl institu- tioms which Qerive their interest ineome from invesimests of & permapent charac- ter. Our iuterest income hes. however, been salisfaciory, consi@ering existing oon- @itions, spd s considersble margin sbove reserve requirements has been saved. Owing to the very low Tate of interest obtatning early in the year and Guring 1801, the market value of our bond heidings very bigh, even op ‘s comeervetive of the market. During the yesr the meney so much has its piace | the | s very favorable ope for welling, but the Oompany Qispowed of 8 pleces of fo: clowed property. costing $521.RSIAE As our members are aiready sware, ibe Compeny hes, during the Just three yemr been erecting & mew office building, which completed: 11 has alse been hanges tr o} bullding ae incresse its capacity, ad8 greatly te its covvenience Ené Bitractiveness of tenante and conbeet Jt with and adapt it to the new e@ifice. This work is Dear completior and the whale seems Hkely to prove & judickous unfertaking to & satisfactory result The Surplus ut the end of the year stands St $6I70,992.43. br the Jegal wiandard it 4 over $3.000.900. 1t was reduced Suring the year by the temporary shrinkage in mar- ket values of honds aiready referred to, by & balunce of proft and lome of $57.37.06 en sales of real entate and various other minor tems, and alse by the fact that we Te- turne¢ surplue to our policy-holders on the | same scale of dividend thet we have main- tnined for twesty-two wears Prom 186l when our surplus was Bi- 61,156, we mot only returned ‘his high rute of @ivitiend, tmcronsing !t somewhet in 1880 but sdfied to the surplus cach year until IM96, when it stood mt FTAZLAM. Since then # has been more or Jems Grawn upon ench yenr in order that the cash pavments by our poliey-holders need Dot be increased s0d in orSer to tide over, Be Tar as may prove practicable. the condifions which are #til] unfaversbie to o large a saving of surplus e was possible for o many yesrs The muintenance of the Jow cost to our members Guring unfevorable years was ene of ‘the purposes of thet great mccumulation snd our present scale will be maiptained until it shull seem expedient to draw mo further on the rurples fund Attention e calied to the st of aspets &nd abilities puigished elsewhere We slsd ask caretul coneiderstion ef the following summars of our finsncial history d o4 ) wpamen waaniipuedxa aninag a0y wwiyey ) 10) SNy ma g sar 1 Adwn ] a1 sutnpasd a1jus oMY 10 e paa “watiw ey 'IAI'L: 1LY BT SR et i 6 T6Y W L1 T 18H1% e 6 10°%9e 169 0 ? e v EE total receipts. _ This is & record of & Mutual Life lu- wnoe Compeny Goimg actusl Mutual I Insurance, and it challenges COmMPRris: & Respecttully submitted, : 4z JACOB L. GREENE, Presiden: Harttord, Jepusry 34, 1908 Where land is cheap Thoussbds of Jowa Miunesota snd Nebrasks farmerse have be ed 04 “@istributed” 1t shrivks 4o suck & poise |10 The company for division smong the thet its less would not seriously affect the | 5341 few. also, if be does Dot keep up tumblest school distric: 1o the state. Grant, | Bi€ policy, his share of the savings while for the sake of argument, the .ruth of the |1 WeS I force shall go the same way rallroad contention ev &l the otber com- | THe division 1= swposed 1o take jlace st plicated points about which taxstion ex- |ibe eBd of the tweniy years among those | moved to Oklahoma in the last four vesrs. They are there yei— and they intend 1o slay for scre, as they Qi€ in their o} wnd costs less They sre meking =s much meney, acre bomes. The land is jJust as good than half ss much. Prices aTe afvancing every year. perts disagree. Buppose that the rafirosds | are vested with certs'n rights which ex- empt them from “Gouble lasstion™ (mumici- | pal and state) 10 which all other owners property in cities and villages must | submit. The pisin, coid fact that | the wamessed waduation of the v which they argue is ¢stributed mmong sl the counties &nd acheo! Gistricts traversed by their linew falls far short of what it should be, even under the presemt frac- tional sysiem. As an illustration of the Witer absurdity of the rafirond side of ‘his comtroversy, the following facts are o off The total as- sessed velustion of &l railvesd properties i Nebrasks for the vear M was $285.- 335,651 Ten yesrs later (1908) 5t wab $36,- B notwithstancng the fact that & | magnificent union sta: ob had replaced the | ©old “oow shed” depat of the Unien Pacific in Omsbs sand the Burlington hed buikt similer station of fis < %2 i the weantime, to suy Dothing of othe extensive lmprove- mente siong the lines of every railroad in w 1t would be imteresting for the “Mierary fSeliers” wd Prepare editorial metter for the countr: press to figure out Just how much of this 0,035 30 decresse is Tepresented in the ‘alling walues of th Omabs terminals ané bow muck of it was spportioned 1o Howsr! county under the beneficent scheme of st ribution No man can say vithout careful and peinstaking study whe ber or pot the rall- Toats pay their full shire of tazes, as com- pared 1o other propc It is troe thet they pay & grest Ges’ ©f mopey imto the public treasury, and they pay it promply But there is mo gpecisl virtue in this It i merely & matter of compulslon. Ne one bes ever mccused them of undue philan- | | who have survived so long &nd aiso have | paid r full premiums stesight through but esch one has had to agree beforehand | to mooept whaiever the company ellots 1o | ss Bis share; there is to be me state- | mept of the size of the “pot” nor any | sccounting for its distribution The ex- pected value of the share in t of each of the final few is set forth in the estimates | of warious “bonds and other forms of | contracts, the specific festure of all a'l which 15 the postponement of all @ividents | for some period of years. It is the chance | ©of being in 8t the final division &nd getting what pthers huve losi that s the sttrac- tion, sdfressed to the persomal imterest of the mez nd mot to his semse of Quty snd boner toward his Gependent family That chance, &s estimated by the omm- penies originsting the scheme, is bout one in three At least two-thirds will 8rop out by the way. Each man expects to be of | the one-third. So he stakes his own Jroper shave of the savings for twenty yesrs in the bope of helping divide what the other | two-thirds must lose. And the cogpany | hol@s the stakes without sccountability 1o sny one Notwithstapding the fact that nope of the companies doing this sort of “Imw ment” business have ever made & @ividend | which even approximsied the estimates | which sttracted the “invesiors,” and that | these GiviGends heve steadily and repiQly shrunk through all the many years of their experience, 3t is true thet they still suc coed b ITacting gresl Dumbers to thelr membership. Personal interest iz what is made to appenr & “good thing.” for which some one else i expecied 10 furnish the comtents, is 8 motive far more easily & pealed to, with Jess efort, and With mucl thropy in this directior The fact that they &re 80 snxious for the weltare of the coun- try echool Gistricts of the state thet they are willing 1o pay good momey for the in- Suencing of public sentimest i prime facte evidence of sp ulierior motive There is 1o excuse for sny citisen. and least of ol any legislater, to be misief by their spe- clous “arguments againet the prepesed smegiment to ihe Omals charts. resdier success, (han ene's sober. unselfisb Guty to those he bas made helpless snd Gepentent. ané whose protectior he has ne right to put in hasard The point of view of the companies sell- ing postponed divident schemes i admir- ably Tevealed in the imstruction recemtly gves to s mgents by one of the very ilargest of them: the italics are the oom- pany's ows: “Get the ides out of your “Take s couple of weeks' holidey end visit Oklahoms. Az uBuSu- slly good opportusity is ofiered by the homeseekers’' excursion rates which the Rock lsiand ofiers, Pebruary 17 ané March 2 One tare, plus §2. for the round One Tates ere ingly low und #ull information. &t thie effice C. A. Rutherford, D. P. A. 1323 Farnam St., Omaha, Neb. Feature Editions While every week's comifig is looked forward to eagerly, the “festure editions™ issved about once a month are a great feast for every reader of |