The San Francisco Call. Newspaper, May 30, 1896, Page 9

WILLCUTT EXPLAINS ‘lA‘HE SAN FRANCISCO CALL, SATURDAY, MAY 30, 1896. THE BALANCE SHEET It Contained All the Ex- penditures Since the Beginning. PLUS FICTITIOUS SUMS. Market Value of Stocks and Bonds of the Railway Company. REGULATED BY THE SUPPLY. The Secretary Persists in His Refusal to Deliver the Books for the In- spection of the Court. Yesterday was a dry day in Judge Wal- lace’s court, the burden of Secretary Will- cutt's efforts being to convince the public that the trial balance sheet of the company produced in court could not throw any light whatever on the value of the prop- erty. According to the testimomy of the rail- ( Sinking fund expense 89,260 Sinking fund 1 21.860 Sinking fund 80,000 101,860 Income for sinking fund: Total...... .. $80,025,271 TRIAL BALANCE, OPXRATING LEDGER, FERRUARY Expenses Operating expenses. Feed. Police Department of &an Francisco. . Geary-streer, | ark and Ocean Raliroad Comipany. &% Pacific Tmpr on : Railroad Com Southern Pacific 250 00 Oakiand Railroad Compaus 71 00 Southern Paciic Compeny . 60 00 Guatemala Central Rallway Company 30 00 Horsecars. 01 0v Washburn & Moen Manufacturing Company & 50 00 M etropoiitan ay 1.653 00 Carbon Hill Coal Company . 15 General ledger suspense #cco! 4,512 00 | Renewals. 430 00 Renewal fund 16,015 00 ‘Audited vouchers. 106,495 60 Audited pay rolls 86,432 00 Unciaimea wages 222 00 Tréasurer. . 254,948 00 Paymaster. 22,025 00 Rents in sus) 1,750 00 Suspense O. 95 00 Cable suspense acconnt. 78,584 00 Shop account. 26,794 00 Passenger earnings in transit. 15,906 00 Recreaifon grounds. 1,415 00 Baseball ground: 91575 00 General lodger. . 817,507 00 Unredeemed ticl . $907,541 00 Mr. Willcutt glibly explained that that had been the valuation plus money ex- pended on repairs and also fictitious sums added 1n order to make the books balance. Mr. Freidenrich Engaged in Bearing the Stock of the Market.Street Railway Company. [Sketched from life by a “Call” artist.] way officials the accounts were kept by the aid of the imagination, and that the only way by which Assessor Siebe could fix any value on the property at all was by imagin- ing it. The contempt cases have gone over until Monday, the railroad people being firm in their determination not td produce the books. On the opening of court yesterday morn- ing Mr. Clunie presented an affidavit re- citing that one of the material issues in- volved in the action was the value of the property of the Market-street Railway Company; that one of the elements of that value wasthe netearnings of thecompany; that those net earnings were to be ascer- tained from the books, and that the issue of perjury on the part of Assessor Siebe could be proved by the fact that the books would show that the sum of $10,000 or thereabouts was paid. to John D. Siebe or his agents by the Market-street Railway Company for the purpose of having the assessment on the property of that com- pany fixed ata sum much Jess than the cash value as required by law. Secretary Willcutt was asked whether he had brought with him the books of the company as commanded by the court on the preceding day. Pointing to four big books tied with straps and four redwood boxes Mr. Willcutt remarked: “Those books were brought here inad- vertently, simply on the order of the court. I have been advised that the law does not permit me to remove them from the office of the company.”’ Judge Wallace smiled quizzically at this Supreme Court decision by the railway company and its witnesses, and remarked tbat if there was any law in existence pro- hibiting the production of the books in court as against the order of court he would like to be informed on the subject. Mr. McEnerney staved off any disagree- able disclosures of subterranean laws by suggesting that the matter of contempt should be deferred until Monday, and that the taking of oral testimony and of such documentary evidence and pencil mero- randa as the railway company might choose to give, should be proceeded with. This was agreed to by both sides, and Mr, Willcutt proceeded to read the tax invea- tory of the property of the raiiway com- pany, to which nobody listened because it was so long and tedious. Mr. Willcutt was shown the following Much of the money expended for con- | struction and repairs did not add to the value of the property; that is, the property would not fetch a bigger cash price than it would before. Another item of $21,000,- 000 for permanent way and franchise was explained by the witness as being largely made up of the fictitious sums, which, ac- cording to the testimony of the witness, seem to be a peculiar and indispensable feature of the bookkeeping of the railway company. Much of the property of the company, Mr. Willcutt explained, had been buried underground and its cost actually lost to the railway people. For instance, there wasa block on Church sireet where the cable road had been buried. Cable roads cost on an average to build from $80,000 to $110,000 per mile. The money expended on that block had been lost. The witness was asked as to the entry on the trial balance of $268,617 cash on hand, and, as every one expected, the secretary explained that although the trial balance certified that there was tbat much cash on hand on February 28,1895, it was simply Pickwickian or Southern Pacifickian. It didn’t mean what it said, because he believed that part of this sum was repre- sented by tags for cash advanced to other officials by the treasurer. The witness | wasnot at all disconcerted when his at- tention was called to the circumstance that it had been previously testified that the treasurer could not pay out any money unless on vouchers. He was reminded further that if the treasurer had paid apy money out of the balance which ap- peared in the statement he would have re- duced the amount of cash on hand by the sums paid out, but Mr. Willeutt still clung to the tags. He supposed that the tieas- urer had entries in his cashbook of those tags with the appropriate dates. On cross-examination by Mr. Frieden- rich Mr. Willcutt said that the item of $21,000,000 in the trial balance sheet for permanent way and franchise had been swelled by the addition of “what you might call an artificial amount” in order to make the books balance. “‘There was nothing to prevent it being $10,000,000?"” inquired Judge Wallace. “Nothing at all.” It was simply based upon imagina- tion?"” “Yes, sir.” Coached by Mr. Freidenrich the witness explained the sums entered on the trial balance sheet by saying that they did not mean at all what they appeared to mean; that when $21,000,000 was set down it didn’t mean $21,000,000, because it was largely fictitious, but he conld not tell how much of it was fictitions and how much real. He said that the items repre- sented all the expenditures made by the consolidated companies before and after the conmsolidation for cars, equipments, etc., and bad nothing whatever to do with the value of the property. They repre- sented moneys expended by the com- vanies from the date of their organization up to March 28, 1895, and some of those companies had gone out of existence. In those items was also included the original cost of car horses which had run their course and died. Then there were items of expense of con- struction, including superintendents’ sal- aries and roads changed from ona system to another, all of which did hot represent any property whatever. Judge Wallace remarked that the com- panies before the consolidation were rival business concerns, and despite these large sums of money that were wasted or thrown away they were enabled to keep their bonds in the market above par and to pay 6 per cent interest on them. This ‘was an indication to the mind of thé Judge that the bonds represénted tangible values. In the aiternoon Secretary Willcutt re- lated instances of several railway compa- nies sold under the hammer for prices much less than the par value of tne bonds or of the capital stock. Thus the San Diego cable-road, bonded for $225,000 and with a capital stock of $500,000, was sold for $57,000. The Los Angeles cable road, bonded for $3,000,000 and with a capital of $4,000,000, soid for §1,500,000. These citations were made by Secretary Willcutt for the purpose of establishing theyrule that the bonds and capital stock of a railway company, like the trial bal- ance of the Market-sireet Railway Com- pany, was no indication of values what- | ever. Judze Wallace seemed very much in- terested and edified with this statement of figures that mean ciphers and bonds and stock that represent imagination, and he pointedly asked whether the stocks and bonds of the companies mentioned were sold at par, but Mr. Willcutt did not know what their market price was. The ability ‘of the company to pay the interest on its bonds was the criterion. In some cases he knew where companies had | borrowed money to pay the interest when due, and that, in bis opinion, was the | beginning of the trouble. The witness did not know that Assessor Siebe ever looked at the inventories. Mr. Biebe had never called upon the witness for an inspection of them. Here Judge Wallace enlivened the Sabara of the proceedings with the oasis of a joke tinged with sarcasm. “If Mr. Siebe asked you for the inyen- tories,” said the Judge, “you would not let him have them withoat an order from the board of directors, would you?” “‘Ob, yes,” replied the witness, who did not appear to perceive the keen point of | the sarcasm. “If all the stock were thrown on the | market to-day,” replied the witness to question by Clunie, “I would not be will ing to pay more than $10 per share. You see, I would have to look at the future | prospects, the increase of taxation, the fact as to whether the edemies of the company would increase or decrease, the probability of hostile legislation and so forth.” “Take a gloomy outlook, for instance,’ suggested Clunie pleasantly, “take the outlook that this company should be Te- quired to pay taxes on its real cash value, now much would you give for the stock then?” “I wouldn’tbe willing to give more than $10 a share, but when you speak of cash valye the question arises as to what is cash value,” and the witness went oa over the same story of 'dead horses and trans- formed cable roads and earnings and operatinz expenses ana the rest of the items that are keeping the ragsand tat- ters of poverty on the backs of the rail- road magnates. Then Mr, #illcutt was let go, and Ed- ward Barry, secretary of the Stock and Bond Exchange, told how Secretary Will- cutt had made written application to have the stock and bonds of the Market-street trial balance and the items were read off one by one: MARKET-STREET EATLWAY COMPANY, TRIAL BALANCE, FEBRUARY28, 1826 S Capital stock e B18,71 Reserve capital atoc 183,217 Metropolitan Rallway P 710,500 FIRST MOBTGAGK BONDS. * Powell-street Rallway Company. 700,000 Yark and Ciiff House Railway C 350,000 Ferries and Cliff House Rallway 50,000 The Omnibus Cable Com pan: 2,000,000 Market-street Cable Kailway 8,000,000 Park and Ocean Railroad Compan: 250,000 Market-strect Rallway Company . 400,000 SECOND MORTGAGE BONDS. ‘The Omnibus Bills payable. Permanent way and franchise., Additious and betierments. New construction... Broker Edward Bar:y Telling How the Stock Dropped $2'50 a Share W.thin General construction.... 1,139.8: Real estate and buildings. 2,234.766 Power station equipment 679,783 Cars and car equipment. 1,309,582 Steam motors and equipment 107,939 General equipment.. . 1116 3 . 32, 1,/ 14,148 34,567 617 195 2,351 829,875 . 160 21 ,860 52478 32,870 10,463 816,672 94,509 19,138 281138 ‘Taxes. 20,283 General expenses. 841 General income. 811,817 Premlum aud discount ou bonds and stoc] 10,000 i the Last Three Days. [Sketched from life by a ‘‘Call” artist.] Railway Company listed on the exchange. He procduced a statement from the Mar- ket-street Railway Company, in which, after the printed questions as to assets and liabilities, there were the words *‘state- ment not yet prepared,’’ instead of figures. Mr. Barry supposed that the investigating committee of the exchange had done their duty by looking into the matter and had been convinced that the corporation was solvent. Soon after the suit had been decided in the Supreme Court, the bonds of the Mar- ket-street Railway Company were listed on the board. On the first Monday in March, 1895, there were bid in the exchange the follow- ing for the bonds of the companies named: Ferries and Chff bonds, $104; Market- street Railway, $122; Omnibus cable, $119; Park and Ocean, $11C; Park and CIliff, $108; Powell-street, $110. The stock of the Market-street Railway Company sold for $40%¢. People estimated the value of stocks, Mr. Barry explained, by the dividends which they expected those stocks would pay. The value of bonds depended npon the rate of interest paid and the condition of the company. *“The Market-street 6 per cent bonds are $122 in the market to-day, and you can’t buy them,” added Mr. Barry. “Since these proceedings were commenced the vrice of the stock dropped $3 a share. It was in consequence of the reports in the newspapers of the trial of ihis case that caused people to want to sell, and nobody wants to buy.”” It was because this imaginary ten mil- lions was put into the permanent way and franchise, wasn’t it?” queried the attorney. | 9 AND SO THEY WILL BE MARRIED, Chauncey Boardman and Miss Mary Mercado to Wed. THE BRIDE IS A BELLE. The Groom Prominent Both in Social and Commercial Circles. GUNN TUG PARTY TOC-DAY. Austin Pink Luncheon Complimentary to Mrs. Thomas Keane—Morri- son Dinner. An interesting engagement to announce is that of Miss Mary Mercado, niece of Mrs. Monro Salisbury, and Chauncey T MISS MARY MERCADO AND “No, sir; I don’t know what the reason | was."s | Mr. Barry produced some old lists of | 1893 and 1894 and showed that the price of Market-street stock went as low as $32 in | December, 1893. The average price had been about $40. Mr. Freidenrich asked as to the fall of the price of the stock during the last few days, and the witness said that there had been a drop of §2 50 per share. The reason for the decline, he explained, was that people had read the testimony of the rail- road’s witnesses to the effect that the property of the company was. worth only 50 much and that it was liable to be taxed quite heavily, and the holders and buyers of railway stock had become frightened. He expressed the opinion that if the fare hould be reduced to 3 cents and transfers should be stopped the street railroads would earn more money than they do now. But if the transters were continued as now and the rate of fare were reduced to 4 cents the market value of the bonds and the stock would be so much reduced as practically to amount to ruin. Mr. Barry gave an instance of the effect of competition upon values. Two years ago the Contra Costa Water Company's stock was quoted at $100 per share, and it was difficult to et anv of it at that price. i But when a competineg company started the stock dropped to $35 and $40, and wo dividends were being paid on it, while the bonds which had been selling at $101 had dropved to $95 and $97 with interest being paid on them. The case will be resumed at 10 o’clock on Monday morning. EIGHT INQUESTS HELD. The Coroner Has a Busy Day With the Dead—Captain Smith’s * End. Coroper Hawkins impaneled a jury yesterday and broke the record with eight inguests. The most important case considered was that of Captain A. W.Smith, who died May 22 from laudanum poisoning. At the time the case was reported it was given out that the deceased had accidentally taken an overdose of poison. J. F. Helanden of Oakland, an intimate friend of the dead man, testified that Cap- tain Smith died by his own hand because of domestic trouble. tbat Smith had threatened suicide. Mrs. Smith contradicted this ‘%y saying that she and her husband had always lived happily together, denying empbati- cally that she had ever engaged in any occupation not strictly honorable. The jury returned a verdict of suiciae. ’Rxe other inquests held were on the bodies of Charles Nelson, Mrs. Sallie Aweng, Alva C. Shepberd, Isaac Anderson, John Theiss, Charles Redecker and an un- known man. In the case of Theiss, Nel- son and Anderson verdicts of accident were returned; in that of Mrs, iwenz murder and in those of Shepherd and Redecker suicide. The jury was unable to determine the cause of death in the case of the unknown man. STEVENSON'S MEMORIAL. The Center of Portsmoath Square to Be the Site of the Fountain, The Robert Louis Stevenson memorial committee has petitioned the Board of Supervisors to declare the central plat in Portsmouth Square perpetually dedicated as a site for the drinking fountain which has been furnished by the committee and accepted by the City. The Board is also asked to sce that & per- tual luppg of water is furnished the lountain at the City’s expense. ‘The Street Committee hasreported favor- ably on the petition and the matter will be definitely settied at next Monday’s meet- ing of the board. Harris’ Shirtstore Fails. 8. Harris, who kept the Southern Pacific Shirtstore,'at 20 East street, has transferred his assets to Wolt Fleisher of Battery street. The liabilities. confined to five creditors in this City, are . The nssets are about £200. The stock will be sold and the proceeds divided ;m rata among the creditors, Thisis not the first time Harris has suffered a similar misfortune. Helanden testified | MR. CHAUNCEY BOARDMAN. Boardman, second son of Mr. and Mrs. George C. Boardman. While the engagement was not altogether uncxpected, the early announcement came somewhat in the nature of a surprise to the numerous friends of the popular young couple. Itisalove match pure and simple—a fact which renders it all the more interesting. Miss Mercado has.long deserved the favor of & popular belle. Charming and unaffected, she has endeared herself to all who have been so fortunate either to meet her socially or on her many errands of mercy, prompred by her generous qualities both of mind and heart. She is a native daughter and received her education in the public schools of this, her native City. In sppearance Miss Mercado is a tall, graceful demi-blonde, with that irre- sistible charm our Parisian Dbrethren describe as “chic.” She 1s talented and accomplished, excelling especially in drawing and painting. She made her debutin society some four seasons ago at the home of her aunt, Mrs. Salisbury. During that lady s absence Miss Mercado is at present making her home with her cousin, Mrs. Sanchez, at the corner of Sutter and Pierce streets. Mr. Boardman, the fortunate young men, is a popular favorite in social and commercial circles as well. He is connected with the firm of Shainwald & Buckbee, oc- cupying the responsible position of cashier. No arrangements have gs yet been made for the wedding which will probably be cele- brated early in the winter, Mr. end Mrs. J. O'B. Gunn will give & tug party this afiernoon ou board the Fearless, in honor of the twenty-first birthday anniversary of their son. On Thursday last Mrs. Joseph Austin gave an elaborate luncheon, complimentary 1o Mrs. Thomas Keane. The table was handsomely dgeorated with La Franee roses, and as far as was possible all the table accessories were in tones of pink. Covers were laid for fourteen. The Misses Morrison of San Jose gave a charming dinner party last Saturday evening at theér home, corner First and Julian streets, in honor of Judge W. B. Gilbert of the Court of Appeals. The guests werc Judge Gilbert, Mrs. Ricketts of Washington, D. C., Miss Belinger, Qaughter af Judge C. B. Belinger of Portland, Or., James D. Phelan, Colonel Moorhead, Jud Houghton, J. W. Findley, L. G. Nesmith, H. B, Alvotd and others, 0dd Fellows’ Hall was comfortably filled by a fashionable audience last evening, assem- bled for the seventh monthly entertalnment given by the Odd Feilows’ Literary and Social Commiitee. The programme, a happy ming- ling of musical and literary selections, was one of unusual interest and was enthusiastically encored. Dancine concluded the evening's entertainment. The programme of the even- ing was as follows: Overture, “Bohemian Girl” (by request) (Baife), Yanke's orchestra: baryione solo, “Anchored” Watson), H. Parsons; piano solos, Berceuse EChopln). ) Liebesiled (Liszt), () “Campanel- 1a” (The Little Bel)), (Liszt), ugo Mansfeldt; soprano solo. (a) “French Serensde” (Sawyer), (b “"Twas April” (Etheibert Nevin). Miss Cas Berlng; comic songs, selected, Dr. L. Nath tation, Willlam ii. Barnes;'mezzo-soprano’ solo, selected, Miss Jivelyn Cabill; piano solos, (s) Fu- neral march, (b) Invitation 1o tue dance (Weber Taus| {ugo Mansfeldt; clarionet s0lo, “La Traviaa” (Veri), H. Ritzau, with orchestra ac- companiment. 5 J. T. Fugazi will give a reception and ban- uet at Martinelli’s this evening to celebrate B intstymrth anniverssry of arrival in this City. E. M. Navarrete, business manager of the Spanish paper El Comercio de San_Franciseo, 1s confined to his room by a revere iliness. Miss Frances Crowley of 1442 Valencia street has left for a visit to her friend, Miss Hutchin. son, of Suisun. Mrs. H. Morris, formerly of 40 South Park, is visiting Mrs. 8. Hirsch in Virginia City. MEMORIAL FIREWORKS, An Elaborate Display Will Be Given at the Chutes To-Night. Memorial day will be observed at the Chutes this evening and & programme that has been. in course of preparation for some weeks will be given. . Iluminated views of famous battles and por- traits of the heroes of the North and Bouth ‘will be shown, ana a pyrotechnic representa- tion of the capture of Fort Donelson witha gunboat firing from the Jake will be one of the fflneip-l features. The military band will be increased for the occasion and a programme of National airs will be rendered. Only rain will interfere—fog does not matter. In the afternoon there will be s balloon ascension. S e i UNION MEN EMPLOYED. Labor Council Indorses the Action of Two Local Breweries. The principal feature of the regular weekly meeting of the San Francisco Labor Council at 1159 Mission street last night was the indorse- ment, after the 1our years’ war, of two brew- eries which are down on the list as members of tne Brewers’ Protective Association in strong resolutions. The two cuncernsare the Enter- prise and Broadway breweries. The resolu- tions conclude: R2solved, THat we urge upon all affiliated bodles aud {udividual sympathizers to patronize the products of the Enterprise snd Broadway brew- eries in preference to all others until such time as the Brewers’ Protective Association shall officially concede the brewery workmen’s reasonable Ié- quest for recognition. Vice-President T. F. Burns informed the assembled delegates that Cigar-manufacturer Jacob Brandt had broken his promises in refer- ence to the employment of white and union labor, and he descended from the chair to pro- Fose some action that would bring the manu- acturer to time. He stated that Mr. Brandt is trying to lead several white men from the straight path of unjonism into his shop to labor with yellow men, in order that he may say that he employs Wwhite labor. It was finally voted to give Mr. Brand: ten days’ notice to put his shop on the union list, ¢r & boycott ‘would be declared ageinst him, and to notify the California grower, from whom he gets his tobacco, that such notice had been sent him. A letter from the Mayor's clerk, Taylor Rogers, was read, stating that Acting Mayor C. L. Taylor bad received the council’s resolu- tion on the Vining system of streetcar trans- fers, and by his direction was submitted to the Board of Supervisors. The letter also stated that considering the action already taken by the Supervisoss toward the abolition of the transfer system the mem- bers of the council have cause for congratula- tion. A ‘delegate reported that the ironmolders’ vocation is picking up and that few iron- molders are now walking the streets. B e —— Among the Local Artists. A private meeting of artists was held at the Mark Hopkins Institute of Art last night. There were twenty-five nresent and Mr. Mat- thews presided. Plans were discussed for future exhibitions, the selection of judgesand the restriction of exhibits to a certain number from each competitor. The exhibition closes Sunday evening, when a concert will be given at the institute. Miss Maren Proelich is going to Santa Cruz next Tuesday on a sketching trip. Amadee Joulliu has been and is yet at work somewhere in the country painting Indians on sand. Just where he has found his subjects he will not say, as he fears to be annoyed by inguisitive spectators. Mr. Robinson, already in Mon- terey for a summer's sketching, will probably soon be joined by Mr. Stanton. ———————— Rev. J. Q. A. Henry to Lecture. Rev. J. Q. A. Henry will lecture this evening at the Metropolitan Temple under the auspices of the Good Citizenship Committee on the sub- jectof “The New Emancipation Proclamation.’’ Mr. Henry has been acting as the pastor of the La Saile Baptist Church of Chicago during the past year. Itisexpected that there will be a large attendance. r. Henry will lecture to-morrow, during the ensuing week, and next Sunday at Metropolitan Temple. On both Sunday evenings he will lecture at 0dd Fel- lows’ Hall. ———— Mixed the Medicines. Mrs. M, Stewart of 639 Natoma street had a narrow escape from death yesterday morning. She had been 111 for some time and was under the cara of a physician, who prescribed two kinds of medicine. One was to be taken in teaspoouful doses, the other, &n arsenic prepa- ration, in five-drop doses {n water. By accident Mrs, Stewart got ihe bottles mixed and took a teaspoonful of the arsenic preparation. She was removed to the Receiving Hospital by ber husband, where she was relieved of the deadly mixture. —————— Mrs. Robinson’s Jewelry. On May 3 Mrs. Rose Robinson of 3214 Eighth street, lost about $237 worth of jewelry and later learned that Roland T. Manning, who had visited the house, had a number_of pawn tickets. She said that he acknowledged hay- ing taken the jewelry and promised to give her the tickets.” Instéad of doing so he sold the tickets. Mrs. Robinson got out a warrant for Manning’s arrest for grand larceny. A DISAPPOINTED LIFE, Why Richard Cayford Left the Hawaiian Islands. A Story in Which There Seems a Tinge of Fate—Mrs. Cayford Stricken With Paralysis, and Yet She Has Been Cured—The Residents of the Mission District Look Upon It as a Miracle. From the Examiner, San Francisco, Cal. Residents of the Mission District of San Francisco hava for months been marvelin, over the peculiar case of Mrs. Anna Cayford, the wife of Richard Cayford, who resides at 813 Seventeenth street. Reveral vears ago Mr. and Mrs. Caviord took up their resi. dence in the Hawaiian Islands, where Mr. Cayford, who is by trade a blacksmith, ap- plied himseli diligently at his oceupation until atlength he had, by reason of his hard work and frugality, placed himself and fam- ily upon @ fair way to, prosperity. He had begun to look forward to the enjoyment of & quiet, happy life upon the beautful islands of the Pacific, and in his faney had built for himself and his family a comfortable little home, nestled snugly among the deep and fragrant foliage of that distant land. His wife sharea with him in the contempla. tion of the happiness that the future appar. ently had in store for them. She had arrived atthe age at which rest and contentment count for so much in & woman’s life, when she was suddenly stiicken with nervous prostra- tion. Her condition became very serious and her physician advised her that she must leave the Fsllndl if she wished to regain her health. Acting upon this advice, Mr. Cayford disposed of his business and removed to San Francisco. Mrs, Cayford improved slightly with the change of elimate until July, 1893, when she ‘was stricken by peralysis of the left arm and leg, and was entirely deprived of the use of those 1imbs, having to be carried about the house by her husband for & period of two mouths. * She was treated for rome time by a {lhysflciln, but he was able only partly to re- ieve her. Bhe was able to drag herself about the house, but there was no strength in either of the affected limbs. It was while she was in this condition that she noticed ina paper the advertisemen’ of Williams’ Pink Pills. She determined to get a box of them and try them, thinking, as she said, that at least she could not be iniured by them. Mrs. Cayford tells of the relief she ex- perienced from the time she began taking the pills, and her story is fold insuch a plain, straightforward manner that it is given Bz her own words. “When I first began taking Willlams’ Pink Pills,” said Mrs. Cayford, “I had absolutely no strength in ecither limb of the leit side of my body. The treatment of my physician had partly relieved the paralysis, but after he had applied all his remedies I as still in prec- tically a helpless condition. Before I had taken one full box of the pills I began to feel a return of strength in the limbs that haa been <o long uscless. Feeling reassured by .the first effect ofthe pills upon ma I pur- chased a second box and continued to take them until J had used six boxes, when the last trace ot paralysis had left my body and T had regained the full use of my limbs. You cannot imagine how delighted I was when I felt that my old-time activity was returning. It reminded me of the days when I was strong and healthy at my island home. I donot know what stronger testimony I could give as to'the merits of Williams' Pink Pills than to say that they have restored me (o such o de- gree of strength that I now do all my own work without the least inconvenience, which is as much as I ever did before I was stricken with paralysis; put that isnotall. Ieimost forgot tosay how the pills have relieved me of & certain hesitancy in speech, which has troubled me for years. My tongued used to become ‘thick’ and I ‘would lisp most dreadfully aand could not help myself. I noticed that after I began takin the pills I could talk more easily, en finelly I was entirely relieved of the lisping that affected my speech. I have taken the trouble to recommend the pills to an old lady who is afflicted with paralysis. I have not seen her since she began taking them, but her husband told me, just the other dly, that she been greatly benefited by them.” Mrs. Cayford’s friends are amazed ather sudden recovery from snch a severe Y-nlyuo stroke, and rtand in wondérment while she re- peats the story of her suffering and her cure, Dr. Williams' Pink Pills contsin all the ele- ‘menis neCessary to give new life and richness to the blood and restore shattered nerves. They are sold in boaxes (never in loose form, by the dozen or hundred) at 50 cents & box, or six boxes for $2 50, and may be had of ail drug. gists or directly by mail irom Dr. Williams’ Medicine Company, Schenectady, N. Y, NEW TO-DAY. Is your body fire-proof ? Speaking of infectious diseases, Dr. E. Brown says: “We ought to learn to keep our bodies invulnerable to conta- gion as a fire-proof buiiding is impervi- ous to fire; that is, we should be able to resist such moderate quantities of disease germs as we necessar- ily encounter through life.,” Each man and woman and child Y y living, that the soil fg:mtlgle growth of be not available. Scott’s Emulsion of Cod-liver Oil strengthens the bartiers that Nature taises against all in- truders by giving the system the resistive force needed to throw off disease. STATEMENT +..OF THE.... CONDITION AND AFFAIRS +...OF THE.... COMMERCIAL UNION INSURANCE COMPANY, LIMITED, F LONDON, ENGLAND, ON THE 31ST DAY December, A. D. 1895, and for the year ending on that day, as made to the Insurance Commis- sioner of the State of California, pursuant to the provisions of Sections 610 and 611 of the Political Code, condensed as per blank furnished by the Commissioner. CAPITAL. Amount of capital stock pald up In cash.... - 81,250,000 00 ASSETS. Real estate owned by compan: $2,392,751 53 Loans on bonds and mortgage 816,074 63 Cash market value of all stocks and bonds owne company .. 5,149,317 90 Amouut of loal ecured D ze of bonds, stocks and other markei- agle securities as collateral 208,784 70 Cash in banks. . .o 1,752,322.00 Interest due and accrued on all stocks and loans.. 83818 Interest due and accruned on bonds AN MOTLEARES. ... veveseacesnses 3,813 98 Premiums indue course of collection l.!lo.@ofl 98 Bills receivable, not matured, taken 109,381 21 8,999,928 04 Sundry offices for guarantees and re- insurance on losses already paid... 420,577 85 Rents and interest du 3392 25 Stamps 1n band. LIABILITIES. Losses adjustea and unpald. Losses in process of adjustm in suspense. Losses resisted, inciuding expenses Gross premiums on fire risks run- ning one year or less (reinsur- ance 50 per cent) Gross premims on fire Fisks run- [ /815,800 00 ning more than oue land navigation risks (reinsur- ance 100 per cent).. 950,000 00 Gross premiums on mari Tisks (relnsurance 50 per cent) Liabilities uncer 1ife department. .. 8,999,928 04 Cash dividends remaining un paid. 2,414 79 All other demands nst the col PaDy ... 2,278,178 96 Total liabilities.. 14,631,616 79 INCOME. Net cash actually received for fire premiuvm: $5,566,022 79 Net cash rine premiums...... .. 5 Received for interest an: idends. on bouds, stocks, loans and from all other sources, Received for transfer fees Total income of life department. Total Income......... 1,150,502 77 332,371 58 1,240,735 04 EXPENDITURES. Net amount pald for fire losses...... $3,205,514 52 Net amount pald for marine losses.. 797,342 93 Dividends to stockholders...... 812,05 87 Paid or allowed for commission or 787,665 50 P Bariea for Offgern, clerke, ot arges for offigers, clerks, etc. Pald for State, National and lmj 3,%65,90218 All othér payments and expen VO cEaabi soseiaiaies 854,881 38 Total expenditures..... Manne. Losses incurred during the year. -$3,185,074 00 $788,833 00 RISKS AND PREMIUMS, FIRE RISKS. | PREMIDMA Net amount of nsks written, during the year.| $1,995,944,996( $7,266 47372 Net amount of risks expired : during the year..| 1,079,380,172| 4,595,656 68 Net amount in force_December, : $1,1895......5 1,363,996,153| 4,720,760 13 MARINE BISKS.|- PREMIUMS. Ner amount of| risks _written during the year..| $888,957,055, $1,656,635 00 Net amount of| risks expired during the year.. 883,735,405| 1,687,775 00 Net amount In force December| . 81,1895.. 94,845,600| 963,525 00 JOHN THOTTER, Chalrman. H. MANY, Secretary. Subscribed and sworn to before me this 17th day WARREN, Notary Public. of April, 1896. G. F PACIFIC COAST BRANGH OFFICE, 301 California Street. C. F. MULLINS, Manager. THESUCCESS OF THE SEASON THE LADIES GRILL ROOM —OF THE— PALAGE HOTEL, DIRECT ENTRANCE FROM MARKET ST OPEN UNTIL MIDNIGHT,