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The Brooklyn Daily Eagle from Brooklyn, New York • Page 2

The Brooklyn Daily Eagle from Brooklyn, New York • Page 2

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Brooklyn, New York
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THE BROOKLYN DAILY EAGLE. NEW YORK. FRIDAY. MARCH b. 190G.

MISCELLANEOUS. MISCELLANEOUS. BURGLAR'S EARLY VISII large corps of employes which we have for the operation of this business. During the last year the company paid out tae large sum of Out), 000 lo its policy beneftsiaries. A large part of this money went directly to the widows and orphans.

Another portion to I men well advanced in years, who had projected themselves by policies of the eniiow-1 ment character- And another portion went I to persons who required the temporary ac-' commodetion of loans upon their policies. hosders and harm the stale by decreasing in the amount of insurance issued to Its clti-reiis for the protection of their families. Second. The withdrawal from the Slate of Xew York of (out of the stale) companies now doing business therein, companies which have always dealt honorably with its citizens and granted them sound insurance at low cost. Three.

To deprive of occupation and means of livelihood thousands of citizens of this state who are emploved as agents by the companies which will withdraw, and drive PENNSYLVANIA RAILROAD. SPECIAL THROUGH TRAINS NEW YORK AND ATLANTIC CITY, ACCOUNT LENTEN AND EASTER SEASONS BECINNINC FRIDAY, MARCH 9, 1906. Sunday. Mondays. I' 7:12 A.M.

M. A.M. P.M. A.M. ..7:45 P.M.

A.M. Fridays ar.il Sit M. :42 M. 1-M P.M. Ltiive Nw York Brook iyn Jm'fit CUy Newark Arrive Atlantic CHv 4 M.

PulIniHii Parlor Smokirift car. with Br-ilT RuiTm: Pullman Drawing" Unum psilor fart" anl ii.ul 'oac-hAjt. Fri. an.i Sanu.la;. Southbound, and Mondavi rt rihoun-l.

Pullman P.itlnr Smoking nr. Pullman Drawing Room Parlor t'ara and Pennsylvania Railroad Dining Cur mo t'l'HrhRnt North hounJ on riuiiftayN. From April tn it. inclusive, mortal train will mv Nw York at P.M. diilv.

Prom April 3 to 17. inclusive, special train will leave Atlantic City 7:33 A.M daily, except rundav. REGULAR THROUGH TRAINS. Iim Rrouklvn ill 5:15 A -V. and 2:4..

P.M. week days. and A Returning, I'm A.M. n.l 2ji P.M. week day, anil :) V.

Simiiavj. w. xv. ti imrii kv .1. ii.

wonii, gbu. w. rovd. itt-iieiHl Mannyer. Pasm'tiger Traffic Manager.

Oeneial Passenger Agent. OPPOSE TIE BILLS Continued From Page 1. fore with respect lo lite scope iheir In- vestments. "In contrast with the requirement of tha Prussian law wiih reaped to stuck investments it is well to bear in mind that In Great Britain insurance companies are not only allowed by law the utmost liberty in investments, but have actually invested largely in railroad shares. "Accepting, however, your Judgment that there should be a radical restriction in the 'scope of investments, and that in the future investments Ol Hie insnnimT ruintmiiii-a should be practically limited lo loans secured by mortgage, and lo corporate bonds, 1 oiler the following suggestions, the adoption of which, in my judgment, will save policy holders a great deal of money without violating the spirit o( the restriction which you recommend.

"The prohibition against Investments in the collateral trust bonds and stocks of railroad companies is certainly not upon the theory ihat ail investments of thai class are unsound, but rather upon the theory that it would be unwisn lo place Ihe directors of life insurance companies under Ihe responsibility of choosing ihe particular stocks and collateral trust. Donos wmcn are sate ana proper investmenis. The list of these secur- i Mies now held by insurance companies of this state is so short Ihat your committee TiefervoH nioijonj can see for itself ihat almost, wiihout ex- Dvidend Insurance, cepiion ihev are sound and safe Investments. I ulle lK niore 1 IU-U5 'he life recommendation with reference business tha s'rouger is lev eoovit-existing iuvesimenls is that lite insurance ur' lhat dividend insurance pro-companies be permitied to retain ihelr many lvnts, that there is a real present investments In collateral trust for "nd 'hat it Kiniild be per-bonds and in railroad stoclvs, and also I heir i t'ltttea, I feel that tha subject has been present invesimenis In banks and I rust 80 lllllv presented that its further JTT OUR system of ver-l tical filing will lay be- JJ fore you any letter you have ever written or received in ten seconds. Or, just as quickly, any collection of letters to and from a given correspondent, in one bunch in order written.

Or, just as quickly, all the letters to and from any number of correspondents concerning a given subject. Library Bureau Inventors of vertical filing 316 Broadway, New York. ARE OUT FOR CLEAN STREETS. Members of Woman's Health Protective Association Protest Against Soft Coal Nuisance. An animated discussion a the meeting of the Woman's Health Protective Association.

this morning, followed Mrs. James Hart's emphatic remarks about the coal nuisauce in Brooklyn. The authorities of the Brooklyn Rapid Transit, who allow soft, coal to be used in their power houses, were eloquently criticised, and as a demonstrator of the outrageous state of affairs, Mrs. Hail brought to the meeting a small box. iu which she had carefully preserved the col-leotion of cinders and soot which had collected on her doorstep during twenty-four hours.

It was simply the tangible portion, as the exhibitor said, but it was large enough to illustrate the truth of the protests and complaints of her colleagues. A few days ago she, presented a similar little box to Ihe Board of Health, labeled and explained, but. no satisfactory answer has yet arrived from the authorities. Camden C. filke claimed that 1he Federal Building in Brooklyn was as guilly In this smoke question as the privaio con-ferns, and suggested that comulaint be "sent-directly to Washington.

The' question of clean streets was again brought up. and the syllabus of the elementary grades in the public schools was read, to show what was being done by the teachers and principals. A gratifying reply was received from Arthur .1. Keeffe, second deputy commissioner, in respouse 10 a. letter from Mrs.

Hart in regard to keeping papers off the streets. The commissioner said he would be glad to co-operate with the society in enforcing the ordinances. SAY B. R. T.

MAN GOT THEIR $2. Toung Men Arrested and Locked TTp All Night for Unavoidable Breaking of Car Window. Vincent Smith. 18 years old, and William Ash, 20 years old. both members of highly 'respectable families employed in Manhattan offices, boarded a Lexington avenue railroad train at the Brooklyn Bridge last night to ride to Richmond Hill.

At Bridge street they were accused of disorderly conduct, were arrested and spent the night in a station house. To-day they were arraigned in the Gates avenue court. And all because ihe hoys assert, they were the victims of an accident, due solely to employes of the Brooklyn Rapid Transit Company. It was shortly aTter 7 o'clock when the train left, the bridge. Smith found a seat tn the compartment which at times is used by the motormen of the car.

Ash was seated next to him. but with the partition between them. As the train was about to pull into the Bridge street station, a passenger next to Ash got out and Smith got up to change his seat. When about to take a place beside his friend. Smith says the train came to a sudden halt and he was thrown against Ash.

whose arm went through a car window. Both boys say the accident was unavoidable. Tho conductor. Vincent Calkin, of 354 Stone avenue, then appeared on the scene. The boys offered to pay for the glass broken, but were placed under arrest.

In Court to-day Smith and Ash said they were guilty of breaking the glass but not guilty of disorderly conduct. A railroad employe admitted that when be swore to the complaint charging them with having used insulting and abusive language, he had com roitted an error. The accused were placed on probation with Court Officer James Gibbons. Before the certificate was made out, a claim agent of the Brooklyn Rapid Transit Company the boys declare, approaobed them and told them eTerything would be all right If they stated in court that they would pay for the dam-age done. Later, this claim agent, they say, collected $2 from them.

When the boys learned how serious the matter was they expressed regret that they had not made a stand lu court. LOOK FOR FRANK JOHNSON. Frank Johnson. years old, of 504 Warren street, a district mesenger boy. is reported missing from home.

He is raid to be mentally unbalanced, due to excessive cigarette smoking. TO LET APARTMENT HOUSES. 34 PLAZA STREET. 703-707 VANDERBILT AVE, 256 STERLING PLACE. 2 lines of cars to New York.

6 rooms and bath, steam heated, open hot water, beautifully decorated, hardwood floors. On lease, $40 to $55 per month. Janitor, 25t Sterling Place, or CORD MEYER CO, 62 William N. Y. Tel.

Ml Prefect. Tel. 191 John. Eagle Souvenir Post Card Coupon. SEVENTEENTH SERIES.

This Coupon, together with five ithers, cut from the daily or Sunday liable will entitle the ht liter to any series of Souvenir I'ost same to he presented with name and address attached, at any liable Oflice. For further parlii ulnrs see ad-, ertisemcnt on another in to-day's flngic If nt hy cull. in rr. lei' iinpiny e' 'tn i. Aft-llfM all i CAKO lil.l'T,.

UruukMi L'milr. HUNYADI JANOS The Best Natural Laxative Water On Arising Glass FELL DOWN AN ELEVATOR WELL. John Sonkup Heceived Fatal Injuries and William Kearns Had a Very Narrow Escape. John Sonkiip. i8 years old, address un known, is dying in Roosevelt Hospital with a fractured skull, and William Kearns, 1'9 years old, of 7 West Ninety-eighth street, is in the same hospital with a scalp wound and! bruises, as the result of a peculiar accident! in ihe elevator ehaft of the new twelve story building at the southeast corner of.

Seventy-third street and Amsterdam avenue. Manhattan, this morning. Both men are employed by the Otis Elevator Company and were working on a scaffold across the shaft at the fourth story when they fell. Sonkup fell to the basement and In the smashup the planks of the scaffold, under him, a splinter ot wood an inch thick was driven into his skull at the bridge of his nose. Both eyes were destroyed, making a horriblo wound, and his skull was penetrated to such a depth that, his death is certain.

Kearns escaped with slight injuries in a curious nay. Sonkup's body, falling with his, si ruck him at tho moment of the drop and caused him to carom off from the perpendicular into the open door on the third floor. He fell over the edge, but had presence of mind enough to hold on and save himself from following Sonkup. Kearns. who was in charge of the work of Installing the elevator, says that, the fall w-as due to a barrel of bricks dropping from a floor above upon the scaffold on which ha.

and Sonkup; his helper, were working. Thu barrel, he says, smashed the planks of tho. scaffold and threw the fragments, with Sou kup. down to the basement. James L.

Robertson, of 324 "West Eighty third street, a contractor on the building, declares, however, that, no such barrel fellj and that the accident must have been due toj some weakness in the scaffold built Kearns and Sonkup. MUM THE WORD AT WHITE HOUSE Nothing Official Can Be Learned in Res gard to Object of H. H. Rogers' Visit. (Speciial to the Eagle.) Washington, March 9 Deep mystery suri rounds the visit to the White House las night by tho.

standard Oil magnates, H. Rogers and John D. Archbold. By order "I the President not a word about what occurred at the interview is to be given out at the White House. The under official i even refuse to admit that Rogers saw thi President.

The officials ot the Departmen, of Justice and the Bureau of Corporation are equally reticent. In the absence of anything autboritatta about the business that called Rogers Washington, a lot of speculation iB beihi indulged in. It Is conceded that something of great importance brought the magnatei to this city, for the personal relations be tween him and the President are such thai be would not be making a personal, socia. visit. Attorney General Hadley, of the State oi Missouri, is about to prepare an order froni the Supreme Court of that state, compelling Rogers to answer the questions which hi Ignored in the inquiry in New York a li weeks ago.

There seems to be no escapnj for Rogers. eRnlTV.ing this, it. is thought has decided to communicate the secret busi ncss methods of the Oil Trust to the Federal government, rather than to the State of Missouri. FosfrftWy his talk with thai President last night was on this subject. In view of the immunity plea put up hv the Beet Trust after Commissioner Garfield, got through Investigating it, Rogers would probably not object serious to confiding Oil Trust gecrets to the Bureau of Corporations, WIFE SAYS HE'S A DRUNKARD.

Georgo Nicholls, 45 years old. of 1265 Dr. Kaib avenue, was this morning arraignrl before Magistrate O'Reilly in the Manhat" tan avenue court, on the complaint of hi wife, who charged him with being an habit ual drunkard. He wan held for cxainina Hon on next Wednesday. SATS HE WAS HELD UP IN STOKE, Italian Accuses Two Fellow Country men of Taking $135 From Hint.

Padruca Casoura and Thorsa runmln.l. both living at Neptune avenue and West Fifteenth street. Conev Island were rhi.ri with robbery this morning before Maglstratd uooiey In the Coney Island court. Alphonn Carrletto. also of the Italian colony at Coney, Island, declares he was in a store on tM night of March 4 when be was seized by both) defendants snd was relieved of a wad con taininff S1.1.V The rtefenHunio nln.l guilty and the case was adjourned.

ESTATE TO LEGAL HEIRS. According to the terms of the will nt Catharine Bridge, of 650 Macon street, flled, In the Surrogate's office to-day, the twn daughters. Theresa Murray and Catherinn Lucy Maher, arc made executrlces. and estate, valued at is to be divided, among them and Anna Maher, a great granddaughter, and Angela and Irene Murray, granddaughters, and Infants. Mrs.

Bridge, who was a widow, died February 20. SLEEP DESTROYER The Did Fahlurd Coffee. Slie suffered from nervousness by day and sleeplessness by night. 'I'p to three years sro," writes young; woman, "I was in tho habit of drinking coffee freely and did not realize that It was In.turlnc my health till I wan suddenly made the victim of nervous headaches so violent that I was compelled to give up household activities and stay in bed much of the time. Then insomnia came upon mo and the wretcnetiness of sleepless nights was added to the agony of painful days.

"This lasted till a year a(to, when I wa persuaded by a friend to give up coffee entirely and use I'osttim Food Coffee. The resul. was, in less than a week I began to feel the change, for the hotter, my nerves grew stronger and I began to sleep a little. Hay tiy (lav the Improvement continued snd in a Bhort lime, I was restored In health. My headache left me, the nerv ousness pufseil away entirely, and 1 enjoy gonii, siiunn sleep every night.

"Ibis is what 1 owe tn Pontuin, and feel it hut right t. tell von or it." Name, given by rostiim Ilatlie reek, Midi. rhere'n re mil. Head the little book, The Road In ellviile," in pUgi. stills 441M VM 1 "lllMmMMHHMIIIIilRWIWI 1 Investigation Showed Very Great Preparations, but Very Little Loot Taken.

RINGING AT REAR DOOR BELL That Was First Warning Joralemon Street 'Specials" Can't Explain Curious Occurrence. The police of the Adams street motion are investigating a queer attempt at burglary; burglary it was in fact, at the house of Pon- tus I. Thompson, at 90 Joralemon street, on Thursday morntug. The concern of the po- lice about the matter is nothing as com- pared with the worry in the Thompson household because the evidence is clear that thieves were about the house, from the eel- lar to the very lop floor, while Mr. and Mrs.

Thompson were sound asleep, in the dead of night. The thieves made free with the things in the dainty "Dutch" room on the basement lloor. looked over a line scl of Royal Vienna ware that Mrs. Thompson cherishes much i and which she keeps in dainty cabinet in i the best room, and also went to a room on the top of the house, ivhere there is an oaken cabinet filled with silverware. The fact that nothing was carried out of the house is probably due to the circumstance that the district telegraph police have the job of watching the house and found the place broken into.

There had been premonitory symptoms of the presence of burglars in tho immediate vicinity on Tuesday morning, Just at 2 o'clock. This was disquieting, for there had been a number of burglaries in the ere fine neighborhood, and the thieves judg esof. fine, things, for they cut, in several instances, canvasses from frames, and carried off the pictures rolled The burglaries on the Heights have not been reported as a rule, because Ihe police are trying to catch the thieves. There are few policemen to be seen about at any hour of the night, probably because of the beneficient influence of the three-platoon system, and the neighbors have been compelled to resort to the aid of specials in guarding their homes. It Is so In the case of Mr.

Thompson. He has a contract with the American District to insure him against burglars. Mr. Thompson's house is exposed, for it is on Ihe corner of Joralemon street and Garden place, and thieves have two sides of the house to work on. Klizabefh.

Mrs. Thompson's maid, is a very methodical person, and even after the house has been secured for the night, she makes it her business to go about and see that tho windows are all locked. When she went to bed on Tuesday night, the windows were all secured. At about 2 o'clock on Wednesday morning, Elizabeth heard the front door bell ring and. without awakening anybody, she went down to see what was the matter.

There was a special policeman there to tell her that, Ihe parlor window was open. Sure, enough it was open, and the tipper sash was pulled down almost to iis entire width. It was clear to Elizabeth that there had been an attempt to break into the house, but she thanked the man who told her. had the window secured again and went to bed. She told Mrs.

Thompson about It in the morning and there were nails put In the window sashes as an additional safeguard agaiust intrusion. The oddest, thing happened Ihe very nexc morning. Thursday, at about 2 o'clock, too. Mr. Thomnson was awakened this time by ringing not only at the front doorbell, but at the rear doorbell.

Mr. Thompson turned on ihe electric lights and without arming himself went down lo investigate, leaving Mrs. Thompson upstairs in a thrill of apprehension because. If there were burglars, Mr. Thompson would surely get bulteis in him.

Mrs. Thompson told him to come back, but. he went on. There were two district "specials" this lime, and they were there to tell him that there were burglars In the house. They had found the grating to the cellar on the Garden place sie forced open, and they wanted Mr.

Thompson to go down to tho cellar and investigate. Mr. Thompson told the special that it wa shis duly, being armed and clothed, and being further employed for that purpose, to make the investigation. Accordingly the man went dwon to the cellar but found no burglar. Mr.

Thompson and the specials then went through the house and made some remarkable discoveries. The first point of attack on the part of the Intruders, and there certainly had been burglars there, was the Dutch room where there are steins of rare value and a fine chafing dish and other articles of use and vertu, all about. The thieves had taken the most valuable of the steins, one 120 years old. with a history that, gives it almost priceless value, and had wrapped Ihem up In a rug made of bearskin ready for removal. They had gone to the kitchen and had made free with some fruit that was in the pantry.

They had gone to the dining room and had taken a big carving knife from a drawer on the sideboard and laid it on a chair, after slitting a hole in a leopard skin rug. and they had opened the cabinet with the priceless Royal Vienna. The notion of Mrs. Thompson is Ihat the thieves had an ida to carry off the china iu the leopard skin. The thieves bad also gone to the very lop floor and bad pushed open the transom In the room where the silverware Is kept.

But nothing had been taken. The thieves were plainly frightened off by the uproarious bcll-rlnging. "7 cannot explain this in anv wav," said Mrs. Thompson to-rtav. MYSTERY OF P0CKETB00K.

Not the Same as Man Lost, but Had Same Amount cf Cash in It. $36. The luiy of ihe finding of a book containing engaged ihe a'temim, 0f nitrate Nauiner. i Mynle Avenue C'oun, Mr. pepper, or street, as summoned lo cuun hy Kdward Pink, nf liireet, io iphiin why she bad retained the poekei hook.

Mis. IVppi r's ln-lle boy Frank found it a f(. day ago in 1-ieau sireei, near a VHc.ini lot. heiueeit Carlton and Vandcrbiit avenues. Mr.

Pink, ulio is the foreman of big faeiory in iiean aired, near Carlton avenue, hnd Insi a pu. k-eidook containing atiii h.ard ihrm.gh a workman Many Cretser. of ihe llnd ol tip Pepper boy. H. went to M-e Mr.

Pepper and declared thai Hie pui Uetbonk which iie hhowed bun was not inn. He iboii? it i lie money as. Mr. Pepper said ihat was prrrerily willing lo give the money up io jis proper owner. Magistrate MiKgc-aed that Mr.

Pink begin a suli iu a inuiihipal court fi.r lie rei dvery of the pocket bonk, and adde.i tin better lie underniki i hoi PI a Jury of six met, could ule on than one man to to do It. Tin lie handed th'i I. i'nd 'he money lurk to TOLLA SENTENCE COMMUTED. ''-ill on. .1 March 'I he ntcm of dentil iinpH.ii Mrs the l.

ii liinn'y 11 res-, for ih. kill 'h I w.T lo day con, muled lo C2 yi.nV 1 1 1 1 i ii i) i in by ihe Cnmi of Pardons Tli von simel Mu. Toll.i un" IO 'ii h.l'iS...: in Hai-hep, ,4, Mutidnv. Mat i. I lie I .11 1 I .1 death irrnrr on UK NL.

ii 1 1 1 imp! is I i i A Great Philanthropic Benefit. "Xow. gentlemen, if you will add to these amounts the money which had been also paid by other of a like character, you may form somewhat of an of the benefits which were derived from the anxieties which were stopped by the payments of these large sums of money, and while if is more than likely that the ageuts in the field had induced the holders of these policies, to make proviaion for the possibilities for the future, over which they had no control, and while It may be said that those agents were interested by direct benefit to themselves, think the outcome cannot help being recognized as being a very, very great philanthropic President Peabody, of Mutual, Speaks. President Charles A. Peabody, of the Mutual Life, followed, saying: "I appear here as a representative of the Mutual Life Insurance Company and in behalf of the officers and trustees of the company I am very glad to bear testimony to their high appreciation of Ihe great value of the results that are likely to flow from your labors.

We recognize the fact that this legislation which is now pending before you. If wisely perfected, cannot fail to be of vast and lasting benefit to the policy holders of all of these companies, to the people of this state, and indeed of the whole nation. But we also cannot help recognizing the fact that in this pending legislation as in all works of human construction, mistakes may be made. We think that in a few respects, perhaps not more than three or four, but buried through error iu a maSB of very valuable provisions, there are three or four subjects which, as they now stand, cannot rail to do great and indeed permanent harm to the Life Insurance Companies and to all these policy holders and others who are interested in their welfare." George E. Ida Appears.

George E. Ide, president of the Home Life, was then introdued by the chairman of the protesting delegation. -Mr. Ide is the only president of any company of prominence who has pasBed through the Investigation unscathed and concerning whose ronuaisement not a word of criticism has been uttered. He is the only one or ihe presidents who had much practical experience.

He had been chosen by the smaller companies to represent them at the hearing. Mr. ide was closely listened to. He said: "The other three companies, or rather tho three large companies of New York City have been heard from directly by their presidents. Six of the smaller companies of the City of Xew York, namely, ihe Manhattan, the Germanla, the Washington, the Providence Savings, the fnited States and mv own company, the Home, determined that, it would be only a waste of time for vou to hear Individually from those presidents.

They selected me to speak for them and it is with great diffidence, I assure jou, that I undertake that task. "The sentiment, of the gentlemen who control, or, rather, occupy the president's chatrs in these companies. Is unanimous we all know what we want. We realize very firmly, very fully, the wonderful scope of this ehange which is now proposed. The insurance law of the State of New York is the result of a growth of many years, tnder that law, be jf wise or unwise, there have been developed the greatest, companies in life insurance which the world has ever seen.

Now, gontleincn, a six months investigation, after sixty das of consideration, a new bill is put before you. which beg to assure you is revolutionary in lis character. I am not prepared to say -that I am not thoroughly in accord with Hie underlying spirit of thai measure, but as-, sure you. as a practical business man. that Ihe intent which you are having in mind in framing that bill will not be carried out if it becomes a law.

Small Companies Would Be Injured. "Now the object, I understand, of your consideration, is to upbuild this business, and I have been told that it was your object to curtail the larger companies and to help the smaller companies, which also need your sympathy and assistance. I assure you the bill will accomplish the first of these two objects, it will curiail the large companies; but In the cateclysm which follows. I shudder to think what, wtll become of us, because I see nothing in Ihe bill that would make it possible for me. as the president of a small, struggling company, to do better iban I am doing to-day.

"Now all If this is simply introductory to the main general thought which I want to bring out, that II. that we are not antagonistic, to the measure as a measure, nor are we, the smaller companies, antagonistic to what we believe to be tl'e intent of the gentleman who drew this bill, but this is so vast a subject, that all we ask is thai, you give il the time it requires; all we ask Is that you hear the testimony of gentlemen who have studied this business, who have practised this business for yesrs, and who, I sav, it. In absolute earnestness, are entitled to your consideration. Actuaries Considered the Measure. "The actuaries of the companies hnvo been called together and ihey met in my.

office some two weeks ago, twenty-six of tbem. from all over the country, to. consider this measure. The questions Ihey will want to take up in detail. It appears to me.

and I am following the very kind suggestion of the chairman. In making a free expression of my thought, the questions which they will want to bring up. apepara to me are of such a nature that they cannot be discussed in a mass meting. I believe there is only one way to get at the true inwardness of these true mathematical questions, and that is in a heart to heart talk among a few men where queslons can be asked and where expressions of opinion can he given." Argument on Behalf of Agents. The argument made on behalf of Ihe life Insurance ag'tus of the state by William C.

Johnson, chairman of the legislative committee of the various life underwriters as-social lous and agent at New York of -'the Phoenix Mutual Life, was directed solely at the proposed new section ninety-eight of the insurance law. restricting the expense of procuring new business. Mr. Johnson urged that this section be stricken from the bill, and made the following points: Klrst The proposed restrictions are contrary to public policy. The state mav properly, on grounds of public policy, limit the size of insurance corporations.

But within such limits of size as the state may establish the companies should r.ot be restricted by law In the conduct of (he details of their business; the state should provide a siandard of principles upon which its corporations should do business. It should establish a standard of solvency. It fhould provide for complete publicity. It should require a strict accountability for all surplus funds. Ii should require the tiling and puldicat Ion of detailed statements of the rosi of conducting business.

Beyond this it Is not the proper province of the slale to go. II should not arbitrarily fix by siaiiite the r.mouii! of money the management can spend on developing a company's business or increasing the efficiency of its plant, Second The restriction of the expense of few business is unnecessary and destructive. Any extravagance in the Bgency expense uccouuis of the companies would be a automat icitlly eradiraied as a result of the more ettlrieni publicity and ntrlct accountability enforced under oijier sections of the proposed law. Hie result or the taking off or pressure by ihe hirge compuuies. whose business will now In' limited, and of the reforms which have be-ii Introduced Into the compuny practices, will reduce agency expense to the lowest point consistent with ctllcient, administrations.

Result of Enforcement of Limitations. The result of the enforcement of Hie limitations proposed would be: Hrsi--Tiie destruction of Ihe agency or-gauiaiion of the companion complying with New York laws. Tn dliargalllze nnd disrupt the ngem forces through a radical change In would Iniure the policy Disordered Stomachs Ifr In WerkltlS rlgllt ItUln tUrt'S llvprt.ls TitMels. i'l iu rixsr i ve that irrlut ths llcitlv mm. scl it cure nfiepim.

In fan thev iliisn i mi Hilar lie ntotuenmry ipilck relief I'hsj cause Hie 01 net nnlrllliin uilt uf food, II 1. ii lil 1 1 ,,,.1 1 a ami '1 resell. 1 1 repln 'Isl'leis l.r nnttire ill her tile ne His- il 11 he 'I- mi anil 1 ure tail .1 11 ii I. 1 it h' I 'I'llei i'fkr. I' uli ''cjl- iJr.ifcvid.i, out of business the agents of the New York Stale companies, who will ho unable to make a living under the rate of compensation this act win enrorce, compensation less than that received by fire agents, or the agents of accident, casualty or steamboiler companies.

Would Be Injury to Policy Holders. Third. The limitation of renewal com missions proposed in section 98 would be an injury to tne policy holders. The best insurance which has ever been procured by the companies, judged by the standards of persistence, mortality experience and expense, has been that written hy agencies operating unaer renewal contracts. British Policy Holders Anxious.

London. March 9 The Earl of Onslow. Conservative, gave notice in the House of Lords to-day ot nis intention to question the government as to whether, in view of the disclosures made regarding certain Ameri can Insurance companies, it proposes to compel foreign companies doing business in Great Britain to keep In this country a sufficient proportion of their securities to cover the claims of British policy holders. The matter will come up in the House next week. WILL LISTEN TO THE PUBLIC.

Mayor and Aldermanic Committees to Give Hearings Next Week on Proposed Laws. Mayor McClellan will give a hearing at 10:30 o'clock next Tuesday morning on a bill relating to bail to be furnished by push cart peddlers. The bill provides that if a pushcart peddler is srrested. he may leave his cart as security for bail and so gain bis liberty. This will place the pushcart men on the same footing aj automobilists who leave their machines for security when arrested lor speeding.

On Monday morning the Mayor will give a hearing on a bill designed to compel the New Y'ork Central to remove certain tracks from the surface of Eleventh avenue, Manhattan. Monday afternoon the Finance committee of the Board of Aldermen will give a public hearing on an ordinance, for an issue of corporate siock to the amount of for a commission of engineers to draw up a plan for the improvement of Jamaica Bay nnd the waterfront, of all the Borough, with the exception of Manhattan. On the same afternoon the Committee on Bridges and Tunnels will give a hearing on resolution directing them to make an investigation of transit conditions on Williamsburg bridge. They will also listen to arguments about the construction of the Stein-way tunnel. The resolution concerning an appropriation of $129,000 for voting machines, will have a hearing on the same afternoon.

THE JOHN STEPHAN INQUEST. George and Elias Zraik, of Brooklyn, Charged With a Murder Besulting-; From Hawaweeny-Stephan Feud. Coroner J. F. Shradv.

enmmeneeH thin' morning the inquiry relative to the death 01 tne Syrian Johri stcphan, who was murdered on January 31 while eating In a res taurant at si wasnington street, Manhattan. The cause of the trouble was the feud between the followers of Bishop Raphael Hawaweeny of the Greek Orihorltr Church and those of Bishop Stephen, a brother of cue ueaa man, representing the Roman Catholics. There are tv.o brothers hetri in connection with the murder. 'George and jjims t-iam, 01 oi Atlantic avenne, Brooklyn. When the inquest opened this morning, the Zraiks were represented bv former Assistant Attorney James VV.

Osborne, while Assistant District. Attorney Cordozo appeared for the people. When tha ease vna ftret uAr Coroner Shrady. some time ago. the cause u.

niveij as snooting, but later, when Coroner's Physician Schultz made an autopsy, he found that Stophan had not been shot, but had been stahhoH wirt. JJne stiletto in the back. This morning in giving nis testimony, the doctor was of the opinion that the cause of death was due to strangulation caused by internal hemorrhage of the throat. According to the evidence of George Kourv a commercial traveler, living at. 147 Warren street.

Brooklyn, the deceased man was eat-iiig hit. supper in a restaurant when Elias Zraik 1 nd his cousin. George Zraik, entered. Stcphan naked him what he wanted, to which George irnik replied that he would tread on the bisl op bosrd. Elias Zraik followed this UP by eying: "I want to kill you." George, it Is slleged.

then stabbed Stephen twice, and a.terward exchanged the knife for a revolvor and Hied twice. The court adjourned at 1 clock. SAYS HER SON'S A DKUNKAKD. Another Woman Accuses Her Husband of the Same Offense. Sophia Waldman, 64 years old.

of 202 Trvin. avenue, complained in the Manhattan Avenue court this morning against her son, John Ellenor, 41 years old. who, she says, is an hahltual drunkard. On eeveral occasions, Mrs. Waldman said, he had threatened to kill her, whilo he was under the influence of Magistrate O'Reilly hel'd him in $300 bail for examination.

Kate Serkener. 35 years old. of 3S Starr street, had her husband. William, before Magistrate O'Reilly, charging him with being an hahltual drunkard. The ma nlooked the part.

The magistrate held him in $800 bail for examination. It required tha services of an ambulance surgeon to fix him up. MRS. B0YER WINS HER SUIT. Husband Must Give Up the Electrical Carriage Another Link in Chain of Litigation.

Further complications In the marital woes of F. W. Boyer. of the lighterage firm of Boyer's Sons Company of 90 Water street, Manhattan, and his wife. Catharine L.

Boyer, were revealed to the public yesterday afternoon lu the First District Municipul Court, where Mrs. Dover recovered an electrical carriage that had been a bone of contention tor a long win Il was in August. H'nt. that the troubles of tho couple were lirst made known, the husband on hut occasion leavtiur the fnmilv residence at -l Garfield place and going to live elsewhere. He alleged then that Mrs.

Buyer had threatened to kill htm Sin hue. quinily Mrs. Hover secured a separartion from Boyer Willi an alimony of 15.001) a vear. Since the issuance of the decree of separa tion Mrs. Buyer has resided with her daughter.

Allele, at the Hotel St. George. Several suits In replevin to recover amies Of fUmltlire lluve heen hv the couple against each other. BROOKLYNITES IN WASHINGTON. Kagle Bureau, 0S Fourteenth, street.

Washington. 9 The following residents of Hrooklyn registered si Ihe Kaglc lioreail lo-dav; Mr. and Mrs. tienrge T. Finn, Mr.

and Mr. Allien Miss I'liulini Xappfe. Mr. and Vrs. 1 heodore Jan.r, K.

i Mr. ml Mil. Charles i U.cnki', Mis E. 0er. Iavp Atiantic Arrive Newark Juratsy City New York Brooklyn ..8:05 AI.

A M. business lo make good the reduction suffered during the previous year by termination, even though ihat amount exceed the arbitrary limit which yau propose In oiher words, I think ihe three large life insurance companies should he free lo maintain ihe presi-nt aggregate amount of life insurance outstanding. Expenses of Companies. "I entirely agree with the recommendation of your committee that the total expenses of insurance companies should he limited to the toial loadings upon the premiums, and thai some (initiation should be placed upon Ihe cost of securing new business. It.

seems to me. however, that In a number of respects Ihe precise srheme of limitation which you propose is unworkable. "The absolute requirement that the cost of securing new business each year shall be kepi within the limit that you propose at the risk of the officers ol the company be. ng subject to a in cai-e, of failure to do so, makes it impossible lo allow for the inevitable uncertainties 'of this business. "It is generally agreed among insurance men that If your plan of lirhiiing the expense of securing new business is adopted (he insurance business will be paralyzed so long as ihe law is in force.

It to me that the purposes you have in view will be accomplished if after requiring that the ag-gregaie expense of a company must ho kept within the aggregaie loading, you ihtn prescribe the maximum perceniage of premium which may be paid to agents by way of commission, salary or other compensation for securing new business. I refrain from discussing this subject more fully because it will be presented in greater deinil by the actuaries. snouiri ne lert to the actuaries. Syndicate Participations. "1 Ihink that a lif; innuranc? company should he permitted to take a participation in a syndicate holding tecum in? which It is authorized to purchase.

In sum case a syndicate participation would ordinarily simply be a means of purchisi.ig the net unties at. the lowest price. To precept an insurance company from pa tl trier such syndicates would be to -ompel il to pay higher price for lis bonds than is paid ry ihe participants In the syudicaloi. If your committee deem such a ro-Ttvif flo-i necessary it might restrict the partiefpjricKt of rnsnr-ance companies in syndicates u. syndicates holding securities which the Insurance companies arc authorized by law to and under which the Insurance companies would be permitted hy the terms of the syndicate agreement to withdraw ihe bends for investment.

ie "While the officers and members of committees of life insurance companies should be prohibited from pari icipai ing in a syndicate selling securities to their company. 1 question your proposal that directors of life insurance companies who are noi orti-cers or members nf financial comniillees should be prohibited from having an interest in such syndicates. Life insurance' rom-nanies require upon their boarirs of dirertors a certain number of men of standing, who have experience in Investments. Sucto men, as a rule, are interested in the large syndicates by which new Issues of securities are marketed. They could not be expected to serve upon Insurance boards if by so doing they he compelled to forego these legitimate sources of profit which are entirely independent of the insurance companies with which they are connected." Woodruff Calls the Presidents.

The presidents of the three big companies were called upon in Woodruff said: "All three of them have new presidents of these companies who have been brought Into the field as tho result of the Armstrong committee's investigation, and who are all now interested In the name purpose for which these hills have been presented 10 the Legislature, and for which they are now being considered, and know of no man better able to speak for the citizenship of ihe state than one of those presidents who has been called in Ihe late years of his life to serve this great purpose, which we have in common. Alexander E. Orr, of the Xew York Life." Alexander E. Orr's Address. Mr.

Orr spoke as follows: "I have only been connected with the nd-ministrailon of insurance companis a very few weeks, snd I did not expect to he called upon to addresH you for that reason. However. It has been suggested to me. Governor Woodruff has said, that I should make a few remarks. "The eonipanv that 1 represent Is not here in any feeling of captious opposition to the work of ihe Armstrong committee of the hills which ihev have formulated for the consideration nf the legisiaiure.

I have been desired tn yav that they have appreciated the exhaustive character nf the Inquiry and Ihat it has been In their judg ment exceedingly serviceable to the community and that very many of the provisions In the bills wiieh have been presenied meet the cordial approbation of our hoard of irnsiees. but at the same time some of them do not. "The objections thai mav be made will be referred to by hers than myself hut we remember. much appreciation, the statement that was made by ihe chairman nf the eomnilitee during the Invest igai inn ihat iheir purpose was not lo lear down, hut to build up ihe insurance liueresis of ibis staie is because we believe Ihat i- i the province of the insurance companies in well as ihe commlilee, lo aid In formulating wise, conservative and pro-, aresslve laws for the government nr life insurance companies Ihat we are here today. "The form of opposition or prolest.

Is as I ur.dersiand It. only confined to suggestions of changes in ihe bills which are now under consideration, but whirh we believe ure nhsolutilv necessary to tneel the requirements thai all have in mind. urn not competent, bemuse I urn not an Insurance experi. in discuss these questions, but there are nun wm) equipped or that purpose. i nd who will address you.

Business Would He Cut in Half. "There on I idie matter that I would like pan Iriilni lv i ii call lo your attention, which I thitik ileierves very worthy consld-nation. If ihe bills as they now simii should he nice he business of the com-lattv I r. ires. in would absolutely lie cui In half.

I.hm vcjir the company wroie sotm three hundred milium of life insurance, and tie ion is to conllne Ihat to one -ha If The in oen-i! is that ihl" law should lake eltei I II' 111 cd i it I without giving tl 1 1 pa ii I i'w rim.nri tinii of bringing thetn. see illlo (I i COtldl lim'l of pHiug wib le t.lrt in 4iny gladiial wav, tlir'tote, i l.ii.p ihat wo ought lo h.ni- a I i 1 In. I ol I itie- Un I Kit purpose. i i on directly inn inns ihe companies, provided that In no case shall an insurance company hold over 20 per cent, of the slock of a bank or trust company. Future Investments.

"Accepting generally your conclusion thai. Insurance companies should hot Invest in slocks of corporations and in collateral trust bonds. I submit that your restrictions might be liberalized in the following respects without danger to life insurance companies, and with (he reauli of very substantially widening the scope of investments: "(a) Permit Investments tn collateral trust bonds issued by companies operas ing railroads. If thoughi wise there could be the additional restriction thai the railroad company by which the bonds are Issued should not have defaulted for a period of 'en years in any or its interest payments. I'nder such a provision, collateral' lrust bonds issued hy holding companies having no independent credit would be excluded.

There is no reason why bonds Issued by solvent, railroad companies should be improper investments simply because thev happen to be secured by stock as collateral. As a mailer of fact, some of Ihe strongest bonds upon the market are bonds of ihat ciass. and the only reason why they do not. command almost as high prices as first mortgage railroad bonds is thai they are not legal investments for savings banks. "(b) Permit investments In preferred or guaranteed stocks of railroad companies, provided the stocks have regularly paid dividends for five years at an average rate of not less lhan 4 per cent, per annum.

Provided, however, that no insurance company should thus acquire over per cent, of any of such slock Issue. Standard Forms of Policy. "My information Is that the forms of policies which you have proposed while in many respects excellent, present certain objections which it is unnecessary for me to discuss even if I were qualified to do so. "While I heartllv commend your various recommendations tending to make life insurance contracts plain and to prevent deceit or mistakes. I am firmly convinced thai it is unwise to prescribe standard forms of policies.

Experience suggests improvements in policies and the requirements of the public with respect, to insurance undergo radical changes. I believe that in the long run both the companies and the insured will be heller off if the companies are free lo adopt their own forms of policies under fair supervision. "if. however, your commiilep finally de-Urraino to recommend standard forms or policies. I strongly advise thai you do not aoopt the forms now proposed which have not received, and cannot receive within the limited tfhie at your disposal, the careful consideration hy practical insurance men which they require, and that von either postpone the adoption of standard forms of policies lint It the next session uf the Legislature, nr better at ill.

that you empower the superintendent of Insurance to approve standard fnims of policies, so ihat after some date io h( fixed bv law no forms of policies shall he used In this state which shall not have been approved by the snneriniendent of Insurance. Limitation Upon New Business. "While ti seems to nie ihat iheoretically anv limitation upon the amount of business which an insurance cumpauy may take Is unwise, nevertheless silblect to one qualification slated below. I offer no objection to the ltmiiniinn you propose, as the poll-y which has been adooted bv the presepl manage-j nient of the Kqilitable Soelely will In ail 1'iniial I lit keep i he new hiisi.icvs within that limit. do recninniend.

however, that you tnodirv your restrictions so lhar an insurance eomtcuiv in nny venr tnnv tnke enough new THE ONLY NATURAL ALKALINE WATES 1 CURES I I Dyspepsia Stomach Disorders I I akrn in the Morn- I'lfs and ill Midi I 1 Your Physician 1 jS knows all about it Genuine VICHY afver rniid in Sirlioni.

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About The Brooklyn Daily Eagle Archive

Pages Available:
1,426,564
Years Available:
1841-1963