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' TH E N EB RASK A:1N DEPENDENT""
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JANUARY 15. 1903.
A FEAT IN FINANCING
; - - . r -
JVPierpont Morgan and the Great Captains of Industry are Accorded
' Credit for Financing Great Institutions. . v
THE BANKERS RESERVE LIFE
Performed Its' Own Feat in Financing. Starting Three Years Ago to
Write Its Persent Form of Policies.
IT PUBLISHES A FINANCIAL SHOWING
Unparalleled in Life Insurance History. B. II. Robison, President, Submits the
Official Statement for 1902 Which is Published Below.-It
Should be Read by Everybody.
ANNUAL FINANCIAL STATEMENT.
Ledger, Cash and Bank Balances, Dec. 31st, 1901
Income During I0O2.
Premiums Collected . $179,509.14
Medical Examination Fees paid by applicants 176.00
Policy Fees Collected 12.00
Re-Ins. Moneys Rec'd from other Co's acct. losses 2,750.00
Interest Received on Bonds and other Securities... 1,941.73
139,899.52
.184.388.87
Total $224,288.39
Disbursements During 19o2.
Death Claims Paid $ 8,500.00
Medical Examination Fees and Inspection 3,796.90
Com'ns and Compensation Managers and Agents. 03,860.83
Re-Insurance Premiums paid other Companies 21,065.87
Salaries of Officers ; . . .. 3,602.50
Salaries of Office Employees 4,051.80
State Licenses, Fees and Taxes. .-. 491.08
Rent, Advertising, Printing and postage 5,166.06
Traveling Agency, Exchange and Office Expense 2,923.38
Dividends, Discounts Sur'd and Cancelled Policies 9,653.19
Legal and Actuarial Expense 611.75
Premiums on Bonds Purchased 103.00
Telephone, Telegraph, Exp., Freight and Furniture. 933.16
Promotion Fund (Paid off) 5,275.00
Suspense Account, Premiums refunded 307.15
Advances to Agents to be re-paid 402.93 131,344.60
Net Ledger Assets, Dec. 3 1st, 1 902.
Cash on hand and in Banks . . : $25,284.61
Bills Receivable. V. 15,599.18
Real Estate first Mortgages owned by Company 23,350.00
Registered Bonds owned by Company 27,600.00
Loans to Policy Holders 1,110.00 92,943.79
Total $224,288.39
Invested and Other Assets, Dec. 3ist, i90a.
JBonds owned by Co. deposited with State of Neb $27,600.00
Mortgages owned by Co. deposited with State of Neb.. .. 23,350.00
Bills Receivable 15,599.18
Loans to Policy Holders 1,110.00
Cash on hand and in Banks 25,284.61
Premiums in process of Collection and Deferred on which
Reserve is charhed in liabilities 23,877.09
Total Admitted Assets.
$116,820.88
Liabilities Dec. 3 1st, 190a.
Net present value of all outstanding Policies in force on
the 31st day of December, 1902, as computed by the
Company according to the Actuaries' Table of Mor
tality with 4 per cent Interest, including Reserve
charged on uncollected and deferred premiums, Less
Net Value of Risks of this Company re insured in
other Companies 89,090.98
Gross Divisible Surplus 27,729.90
Death Losses Reported or unpaid None
Promotion Fund ' 10,000.00
Statement of Business.
New Business written and paid for during 1902. $2,332,750.00
Insurance gained during 1902 ; . . . 1,813,000.00
Total Insurance in Force Dec. 31st, 1902 , 5,2341500.00
Amount Re-Insured in other Companies Dec. 31st, 1902 1,746,000.00
Net Premium Income during 1902 in excess of 1901 68197.42
Net Increase iu Admitted Assets during 1902 53,04427
Net Increase in Securities deposited with the State of Neb 25,600.00
Registered Bonds and Real Estate First Mortgages on Deposit with
the State of Nebraska, Dec. 31st, 191)2 50950 OO
N. B. $14,000 in additional securities purchased during first week of new year.
bankers and policemen aid in the raid.
"Big steel works at Steel ton, Pa.,
close for lack of coal, rendering idle
thousands .of. men.-
"It is feared that factories atjtock-
ford, 111., will have to close, throwing
hundreds of persons put of employ
ment. Manufacturing plants at f El
gin, 111., may also have to close. If.
"Mayor Low of NewfYork has asked
for a conference with the presidents
of coal roads with a view to relieving
the famine in that city.
"Milwaukee authorities arrange to
secure 10,000 tons of anthracite fror
Canada within a week to relieve the
shortage.
"Great suffering prevails at Phila
delphia, and people who cannot af
ford to. burn gas are in a deplorable
condition."
" That is the condition that has come
about by the organization of trusts,
exorbitant : tariffs and rebates on the
railroads ' to crush out competition.
The'men who did it say, "stand pat,"
"let well "enough alone," and "vote
'er straight." Others say that there'
is nothing to vote for.
The Cost of Living
,The cost of living, according to
Dun's index number of commodity
prices, on January 1, 1903, was slight
ly less than on January 1, 1902, but
higher than on any previous New Year
i:i more than a decade, January 1,
1888, being the nearest approach. The
figures for a number of years are as
follows:
January 1, 1903 $100,356
January 1, 1902.. 101.587
January 1, 1901 92.394
January. 1; 1900 94.431
January 1, 1898 79,940
January 1, 1897 75.502
January 1, 1890 79.17!)
January 1, 1888 99.902
Dun's Review explains that thi-i
means that if an average person had,
on January 1, laid in a stock of bread
stuffs, meats, dairy and garden prod
ucts, other foods, clothing, metals and
miscellaneous articles sufficient to last
him through the year he would have
had to pay $1,231 less than on Jan
uary 1, 1902.
The St. Paul Pioneer-Press asserts
that "this high cost of living is the
penalty of prosperity." Although the
tendency is downward, an analysis of
the items which go to make up the
$100,356 would doubtless show an in
crease in the price of articles con
trolled by trusts. This is undbubted
ly true of kerosene and gasoline, which
were considerably lower a year ago
than today.
A Peculiar Ore
SOUP HOUSES AGAIN
The Poor of the EaiUrn and Middle States
Worse Off Than When CleYeland
Kuled
Pages of the great dailies are de
voted to describing the suffering, star
vation and death among the poor
Charitable associations and the Salva
tion army are taxed beyond precedent
to provide for freezing and starving
thousands. In all the history of this
nation there was never a day when
the dailies devoted so much space to
describing the suffering among the
common people as last Sunday. Besides
that the trusts have produced such a
situation that whole communities
have risen up, headed by ministers,
bankers, police, and aided by all class
es of people and defing all law, have
taken property and applied it to their
own use, justifying themselves by the
plea that it was necessary to main
tain life. Chaos reigns everywhere
except in the purely agricultural dis
tricts. The thing has struck the cast
and the dwellers in the cities, just as
The Independent - said two or three
years ago it would. The following sum
mary of news taken from a Chicago
daiiy shows the, present condition:
"Special grand jury begins investi
gation of the alleged coal conspiracy
under instructions from Judge Mc
Ewen, who tells the jurymen that the
present situation spells 'crime and in
famy.' .
"Detroit 'get coal' convention com
mittee decides at meeting at Grand
Pacific hotel to reconvene full body
in Washington to demand federal ac
tion. "Additions to Mayor Harrison's fund
for the relief of the poor are coming
in at a rapid rate, the total last night
being $2,976.
"Vigorous efforts are made to re
lieve destitution by distribution of
coal and provisions. Many pitiable
cases of destitution and death from
suffering reported.
"Glucose plant at Peoria, which re
quires thirty cars of coal daily, has
closed down for lack of fuel.
"Mills in the Fox River Valley will
soon have to close if no coal reaches
them.
"Tenants in St. Paul houses are
tearing up back stairs and other
woodwork than can be dispensed with
to use for fuel.
"Coal famine at Areola, 111., is brok
en by the seizure of sixteen cars of
coal destined for Chicago. Preachers,
Every reader of this paper who is
nterested in discoveries along the
ines of mineralogy or medicine shouli
read the announcement frcrn the Theo.
Noel Company of Chicago, proprietor?
of the famous Vitae-Ore, a peculia
mineral mined from the ground, which
they claim possesses wonderful medic-
nal properties when oxidized and
dissolved in water. This neculiar Or
was first discovered by Theo. Noel,
at that time a prospecting geologist,
now president and principal owner o
the lheo. Noel Company. Since its
discovery this remarkable product has
Deen instrumental in curing thousands
of people all over the country of ali
manner or diseases. The offer made
by the company is almost as remark
able as the Ore itself. Thev do not
ask for cash, but desire each person
to use the Ore for thirty days' time
before paying one cent and none need
pay unless positively benefited. The
offer, which is headed "Personal . to
Subscribers," is certainly an original
one and can be read and accepted
with profit by every ailing person.
yet two women are returned as en-,
gaged in these employments.
There are 126 Vomen plumbers, forty-five
plasterers, 167 brick and stona
masons, 241 paperhangers, 1,750 pairic
er sand glaziers; and 545 women car-
penters and joiners. No women are
returned as helpers to steam boiler
makers, but eight women work at this
industry as full mechanics. There are
193 women blacksmiths, 571 machin
ists, 3,370 women workers in iron and
steel, 800 in brass and 1,775 womeu
workers in tin.
Among' other unusual employments
for women are 100 workers as "lum-
bermen and raftsmen," 113 woodchop
pers, 373 sawmill employes, 440 bar
tenders, 2,086 ' saloonkeepers, 90
"draymen" and teamsters, 323 under
takers, 143 stonecutters, 63 "quarry
men," 65 whitewashes, 11 well borers
and 177 stationary engineers and fire
men.- Following are the large em
ployments for women: Servants, 1,-'
283,763; agricultural laborers, 663,203;!
farmers and planters, 307,706; dress
makers, 344,794; launderesses, 335,282;!
traders, 327,614; textile workers, 277,
972. There are 3,373 women clergy
men, 1,041 architects, 786 dentists, 2,
x '3 journalists, 1,010 lawyers, 7,387
physicians and 14 women veterinary
surgeons.
Government Banks
The Missouri World says that Con
gressmen DeArmond and Cochran of
Missouri have introduced bills in con
gress authorizing the issue of bank
currency on the deposit of state and
and city bonds as security, and then,
asks, "Why not issue the money di
rect to the people? Why loan to the
tanks at one-half of one per cent and
refuse to loan to the people at any
rate?" It concludes that
The fact that DeArmond and Coe;?
ran have introduced bills looking to
the issuance of more money by the
government to banking corporations
will certainly have the effect of driv
ing many Bryan populists back under
the populist flag, for of all the leading
Bryan democrats none was more pop
ulistic in his utterances on the money
question than were DeArmond and
Cochran. They out Bryaned Bryan.
And here they are now, urging tho
enlargement of the republican sys
tem of banking corporation money.
There is the same need for the people's
party there was in 1892. The people's!
party will must come again."
WOMAN'S WORK
The Old Definition Abandoned -Engaged
in K very Trade d Occupation
Except Eight
The census returns show that there
are 306 separate occupations, and in
only eight of these do women workers
fail to appear. None will be surprised
that there are no women among the
soldiers, sailors and marines of the
United States government, yet there
are 153 women employed as "boat
men" and sailors. WTomen have no
yet invaded the ranks of the city fire
departments, still not less than 879
women are returned in the same gen
eral class of "watchmen, policemen
and detectives."
There are no women street car driv
ers, though there are two women "mo
tormen" and thirteen women conduc
tors. They have not as yet taken up
the employment of telegraph and tele
phone "linemen," yet 22,556 of them
are operators for these companies.
There are no women apprentices and
helpers among the roofers and slaters,
As soon as the' "beet sugar men gave
up the fight against the Cuban treaty
and declared that 'the 20 per cent re
duction would not affect them, the.
Louisiana sugar planters raised the
cry that their" "industry would be
ruined" and are organizing the demo
crats to defeat the ratification of the
treaty. Just after the election The
ndependent in speaking of the politi
cal chaos which the returns showel.
said that there were as great protec
tionists in the democratic party as in
the republican.
320 Acre Farm for Sale
All fenced, 200 acres under cultiva
tion, balance pasture, good nine-room
house, barn 40x50, windmill and good
dug well 86 feet deep, tank and lead
pipes all in first class condition; 5
1 iles from Stratton, 8 miles from
Trenton, 1 mile from school, iy2 miles
from the Republican river. $2,300.
This is a great bargain. The im
provements alone cost more than is
asked for the entire farm. Write to
day. Address The Independent, Lin
coln, Neb.
SPECIAL MARKET LETTER
FROM NYE & BUCHANAN CO., LIVE
STOCK COMMISSION MER- '
CHANTS, SO. OMAHA,
NEB.
The cattle market last week showed
a good healthy tone until Friday,
when, in sympathy with Chicago!
where receipts were heavy, prices
slumped off here 10 to 15c. We stated
in some of our late letters that we be
lieved heavy receipts would work a
further decline, and with 61,000 in Chi
cago for three days this week their
market has slumped about 35c and our
market has declined about a quarte
in sympathy.
We quote beef steers $4.75 to $5 23
good $4.25 to $4.75, fair $3.75 to $4 20
choice cows $3 40 to $3.75, good $2.85
to $3.30, canners and cutters $1.75 to
$2.50, stockers and feeders steady good
$3.75 to $4.25, fair $3.00 to $3.60,' bulla
$2.50 to $4.00, veal $4.00 to $6.00.
Hogs are about steady with Satur
day after advancing a dime. Prices
range from $6.25 to $6.50.
Sheep receipts light; prices strong
No feeders. ?
T . Killers.
Lambs $5.00-$5.60
Yearlings 4.50- 5.00
Wethers 4.25- 4.6')
Ewe3 3.25- 4.0