The evening world. Newspaper, July 21, 1905, Page 10

|) @hatino one, so far as he knows, had mptrolier of Equi-, “table Got the Money. OF LIMITED RESOURCES. 'No"One. Offers to Explain How He ©, Wan Able to Quickly Raise Et ) > 80 Large a Sum. Hie ‘mysterious loan of $655,000 which ‘the Mercantile Trust Company made to “James"W. Alexander and Thomas D. Jordan, trustees," and all record of “Which, haa heen removed from the books Gf the trust company. if it ever really Wan there;:wae-repald several days ago (MrFeréan. «Mr. Jordan sent a check uheney) to.H. C. Deming, the it; Of the Trust Company. Mr. -admitted/this to-day and said @nything to do with the repayment of © his loan except Mr. Jordan. ‘AM. Jondan is mot a man of wealth, od just at present he is out of a job} Saving been removed from his position Be Contiptrolier of the Equitable Life ‘Society by Paul Morton. It JoMan uver had as much money as 000 his friends never knew it. The Seked -question downtown to- y one tries to find out ‘person or persons responsible loan, however, one runs right ® stone wall. Incident Is Closed. "The loan has been paid by Mr. Jor- + @amand the incident is closed,” said Mr, Deming to-day. “It does not appear on the books examined by the bank ex- because it comes under a head Which would not necessarily bring it} under the eye of the bank examiner. It #e/no\ longer an asset and he deals only (present assets and liabilities. A ‘emplanation of the loun hes been to Supt Kifburn and he is per- satisfied. There is nothing more p be said about the matter.” | Deming was asirod if it wae't a that thé real borrower of the | money was the Hauitable Society, and hat the real payer of the debt was the he said excitedly. who borrowed it, and Tsay that: Mr. Jordan paid it back. It 4s enough for this company that tt has been paid. That ts all I have to aay.” William A. Day, the new Comptroller of the Equitable, was asked to-day if he had found anywhere among t! fects of the offico any matte ny ould throw any light on the $985,000 Joan. “You'll have to ask Mr. Morton abuut Mr. Mypvior dectined to discuss the Imation whet eeen, His a was TO DIG OUT THE WOODCHUCRS. | But Si Higgins Puts it Up to the Farm Hands to-Do the Digging; Reckon the Guv’ner Wants to Get the Field Clear So -He Can Put in His Fall Plantin’, b’ Gosh. f check, and I won't say anything more about this matter,’ was the reoly, Fear Coming Inquiry. ‘The appointment of a Legislative com- mittee to investigate the general con- duct of the insurance business in this State, has caused something akin to @ panic among the officials of the big insurance companies. The Equitable has been investigated and its affairs Put before the public so much during the psat year that it is used to it, but this is not #o with the other companies. it {s pretty well understood that many of tHe methods in operation in the Equitable which have been criticised have been customary in other com- panies as well, but because of harmony among executives have never come to Light. ‘The, legisiative investigation will necessarily reveal these things at once and the experience of the Equitable| with a searchlight on tts business ‘ pretty good evidence of the detrimen Such exposures are to an insuranc company's credit, Up to the last moment of the extraor- G@nary session of the Legislature the insurance companies had hoped that no| inquiries’ would be made into thelr man-| ner of doing business, and when they| learned of Gov. Higgins's message they were astounded. There is consternation among them to-day and there will be some rapid-fire house cleaning between | now and the time that the eommities gets to work. Severe Raking for All. Naturally the Equitable will be the main target at which the committee will aim, but it is understood that the other companies are to come in for a severe raking and will have to show whether they have been using Equit- able methods or not, One thing |e Gortain and that isAhat the use of the enormous surpluses of these companies cannot go om much longer by private! individuals for the financing of their own enterprises. The Legislative Committee is expect- ed to find out what Supt. Hendncks could not find out and wwiat the siate Banking Deparument covid not find out, and that is why the Kquitable’ Dorowed $486,000 from the Mercantile walled to the fact that it was Mr. Jor- Gan who paid up the debt to the Mer- eantile Trust Company while he was still Comptroller of the Equitable, and he was asked if he knew of any check Amount being drawn by Mr. ordeu, — t know anything about any | | FS 4 Trust Company at 4 per cent. when it hed millions on deposit there trom| which 4t was only geting 3 per cea, end what is more importam, gue Wheat disbursement was made of this money, Forced by Hendricks, To Mr, Hendricks is attributed the | stand taken by the Governor at the | ‘ast moment. Mr, Hendricks is said to have threatened to resign unless something was done abou the insurance scandal, All along, % l@ sald, Mr. Hendricks has been in favor of having the Loy- isuture take action, and bas pciuted cut tut his department was being at- tacked for iw tuuure to discover taange (hat shoud have been dissovered, tu Which pad not, becauee of the fliure of exmimiucre to BO beow thu Puri, ‘that an javesugsuon of the Equi. (bie Would nO. dune Bunce Was barent ‘Bupe cs Te Cb sOF Tahoe OPUUKE aanuiition ot the New Cac, a yen de pervs, sald oe Hie waM Loo auvgs ay, Henditee wuew that failure o; the part of the use LO BCL woul wader he Cry bul LHOrOMBD inves wi leved the carried on iitee than by his Kass, Over the reve- | le we COM i Hos ie op Poult bs icity att to to do’ ial dar ean: i eee Se it a row! Board Norman P, ‘3 who? fee |i he De "Tbonr REcommenD I, But DIG EM AN BARRED FROM CHANGE SEAT Committee Against De Mau- tiac Amazes Street. —— Wall street ie discussing with some wonder to-day the action of the Com-! mittee on Admissions of the New York | Stock Exchange in excluding trom the} WASHINGTON, Mauriac, who haa! Wilson to-day made public the names MA WORLD: PRIN, style of trading on the curb had more Influence than: the venerable broker. When seen by an Evening World re- porter to-day the younger Mr. De ‘Mau- riac at first denied his identity. {Tien he admitted who,he was, and eafd that the fact that: he was turned down once by the Committee on Admission would | not discourage him from applying again HE PAID FOR Action of Stock Exchange |for admianion to the Exchange. He said he had-paid $72,000 fur his seat. and that the price is now qu ted $90,000, If he has to sive up the seat |: wall make @ Sight for the $5,000 differ- ence. ———___ COTTON ESTIMATE BOARD NAMED. Secretary Wilson Appoints Four Men who Will Handle the! Crop Figures. July %.—Seerctary bought a seat Aesth been awaiting f the four men who wil] comprire the action of the committee for several *tatistical board which, under the di- | Weeks, rection of Assistant Secretary Willet Mr. De Mauriac has been populay in the |S. Hays, will prepare the Government De Officials Will Not Discuss. It ts @ custom long adhered to by of- ficials of the Stock Exchange never to discuss their souion in matters thatare Of confidential nature. Their reticence will be maintained in spite of the most vigorous inquiries, Jeaving @ - wide Tange of conjecture es to- just what Prompted thelr stringet action. Mr. De Mauriac last month purchased his membersnjp in the board. He bought his seat from the estate of George A. Brown, and notice of its transfer was posted in the July 1 official bulletin. He Was formetly'a member of the firm of G. B. Ballsbury & Co, but’ resigned when he bought his seat. John H. Jaquelin and Walter J, Currie, both members of the Wxchange, acted us his sponsors, There are fifteen members of the Committes on Admissions. A vote of ten members is necessary to an elac- Hon, ao that th at hive been dt least more than five who opposed Mr. De Mauriac, Just how the vote was cast is another secret that will be care, fully guepded, though 1t has | out that the broker lost his chance of be-|/: ? | SP Lueke Was Well Dreased and Left! 7 coming & member of the narrow margin. . Well Esteemed in Street, Lately Mr. De Mauriac k Curb, has been @ familiar Agure in for many years and was Ywhore regarded a@ a good fellow, a senuenan, and a friend whe could be relied upen board by. { any emergency. M the same session at which eouon was taken excluding My. De Mauilac, the Muivai George H. Wilder, of Tighman, Row- land & Co, was elected « member. of the board. He is & eon of the President of the Franklin Bank Note Company, Hargid Weeks, the former Columbia football pluyer, has purchased » seat on the Exchange for 380009, Young De Mauriac is @ son of BA, Mauriac, who tas meni er FS Ananciel disiwict for many years and ¢étli hada great many friends Nothing is known of the cause of the committees's| action in refusing to indorse him, and of as Do explanatios has been oF will be|senden, as made great surpries is felt by brokers! whe have known and liked Mr. Mauriac ever since be ‘inet veatured in the eres. has been Very) es of cottcn acreage and yields, as statistics of other crops. “phe board will be composed of Victor Olmstead, present assoc statiaticlan the Bureau of Btati Fivimes, Chlet of the. Division ae 0 Market W. W. Lo reign and 5 recently resigned’ as an essistant mae group, | tlstictan. . See WHEAT MARKET STRONG "Phe local wheat market started strong to-day led by the market at Minneapo- lis. September there advanced 21-2 cents, and the other market quickly followed with an upturn of 1 cent. All| markets were influencel by rust Ba pny the Northwest. Corn opened steady at a fragtional advance, ‘York's openii Prices were; Hiheat-Beptamber, "0-8?" Beogntber 926. sur were: Wheat ner. to 87 cel to 81 Sr6, ON REPORTS OF RUST. | rar and | prices or psa Di, SN SAILOR DEAD BY GAS ~~ MYSTERY OF A HOTEL. Letter Adaressed to Relative im Germany, HVENTNG, JULY or, 1608) phan al a . STOCK: MARKET WAS LSTLES Little Activity on Change, with Amalgamated Copper and Republic Steel Features— N. P. Hammered Down. The stock market presented very little feature to-day, the tone being unsectled, with speculation very dull and mostly | professional. After the opening, which was irregular, a better tone became evi- dent, but later some buying occurred. and the list sold generally fractionally below last night's close. Arbitrage houses had an unprofitable day, a business of selling from 8,000 to 10,000 shares of cks being divided among seven or firms. I # pour day for, commission houses, arly all the early advances being pro- fessional. Amalgamated Copper sras about th: most nolable issue’ of the "standard he price hold! fractionally 3 clone, on @ fairly good re also some Yates buying in Republic United States Steel stocks a few 1,000 share lots changed hands, with the demand and the supply about evenly balanced and with little opportunity for Peon! trading was much pressure on Northern Fane. the price sang nm to 201 8-4 after ing unchanget 5 In, the bond market there wes little feature. ‘The Closing Quotations. M we~ ee highest, lowest and closing prices yesterday's closing cor “from “iadt reosraed “acle. Ares Herman F. Lake, @ sailor, thisty-four | 3 in his yearw old, was to-day found 4 White- bed at the Eastern Hotel, No. hall street. suffocated by Mluminating | # . It was frat supposed to he an @o- E olle tele ‘ cate ah HALF MILLION GOES OUT, Yd | ‘ean |] i At $9.88 9, 4, Hose 9 to 1 o’Clock. You can buy as elegant a Suit of Clothes for $888 as any man needs to wear—as fine.as you can buy any- where else for £15.00, $18.00 or $20.00. FJENDREDS of Suits-in this Grand Collection at Beautiful Serge Suits - Fancy Worsted Suits $ 88 Fancy Cheviot Suits - e Fancy Tweed Suits y Suits of Two Pieces Se “a Three Pieces Abed Dye Suits in §ingle-Breasted Styles ‘Suits in Double-Breasted Styles - $20.00 SeUeT BN AUTHORITY OF made possible by a grea purchase of the Suit Stock of Samuel Pursch, whicl we secured at 40 cents on \ the dollar of manufacturer’ : = Suits are union made and $ Gives you choice to-morrow from Outing “about 400 Men’s Regular $10, $12 a Suits, Made of homespuns, crashes and fancy worsteds. A great variety of stylesin sizes 33, 34, 35, 36, 38 and 40.‘ Men’s $3.50 and $4 Single and Dou! Men’s $1.50 Alpaca Coats for....... oo oes OSC Men’s Negligee Shirts To-Morrow for Less Than the Materials Cost,. Men’s regular 75c. Office Coats for., Men’s $1.50 White and Fancy Wash Vests, Fancy Cassimere Suits This marvellous offer is SH NZI ERS bas — cost. The best of it 1s these and $15 Outing Suits. Men’s $1.50 White Duck Trousers 79c. val tiree'e tat | Misses’ and Children’s custom side, of fue. piinted madrasl’ Goeg stots, eut ull saroveheas Sot assortments, . It’s the chance of the season—come before they're gene. 5-Hour Sale - Women’s Waists rows of baby embroidery and tucking, and some of English ) embroidery and fine tucking; tucked back, lace attached col- Another Lot of Handsome oe Persian Lawn Waists. ————_____ nn a"Gn “Ga aaea $1.50 White Oxfords, More $3 Oxfords at $1.00. Of ‘the Celebrated Matteawan Brand, | Of Nainsook Cloth, with figures and) finished in the best manner; detached cuffs; all sizes; for Men’s $1.50 and $2.00 Summer Underwear—Reduced.on account of broken Q8c 410 dozen Lawn Walsts, made of very fine lawn, entire front of lar, deep tucked cuff; value $2.00. Sale price Saturday Embroidery trimmed—made with pointed yoke of embroidery 1.48 Patent Leathers, Tans, Vici Kid, Dongola—Everything,, This brok ut fine, frea! able Oxfords, up-to-date lea SIZHS, Women's Welt and Patent Leather Oxfords--in the new toe shapes— ‘ also opera toes— * Cuban heels, i all ‘Faseuout—ien ira ‘soles—also heavy singic ‘wWontn's Onto ‘of Genuine Tan Vict Kid and Se es. too corgi the ne outiaren 's paretoot flandals, all sizes, 6 to 11, at...., Misses’ and Children’s Vacation Shoes, in white canvas and white sailcloth, lace. and Oxford ties, Worth $2,00, $2.80 and SHIPPING NEWS, LO wives: Any