BKPTE5IBEU 2f, 1905
PAGE 11
X5f3 Nebraska. Independent
4 Columbia
national
Bank
.
&
OF LINCOLN, NEBRASKA.
.CAPITAL, - $ 100,000.00V
SURPLUS, 14,000.00j
K DEPOSITS 1,350,000.00 X
5 OFFICERS
j" John B. Wright, President-!
J. H. Westcott, 1st Vice Pres.
Joe. Samuels 2d Vice Pres.V
3 P. L. Hall, , Cashier
t,W. B- Ryons, Asst. Cashier.Q,
xooooooooooo
Sliiicolii SANITARIUMS
O Sulpho-Saline Bath Co. O
O Treats all acute and chronic O
curable cases by a thorough Q
O course of Natural Mineral Wat-
er Baths and all recognized
Rheumctism, stomach, kidney A
j liver, skin and nervous diseases
O treated successfully. V
The only Sanitarium in the
j state using natural mineral Y
V water. V
A large and thoroughly equip-
Oped hospital department for sur-
gical cases. . V
O- DRS. EVERETT, O
Managing Physicians.
LINCOLN, NEBRASKA. Q
r
THE LINDELL HOTEL
A. L. Hoover & Son, Props.
LINCOLN, NEBRASKA.
Centrally located, Cor. 13th
and M Sts. The largest hotel
in the city, up-to-date and 1st
class in every respect. Prices
moderate. American and Euro
pean plans. Phones in all rooms
52 rooms with bath.
. ; ; f
WILL H. GREEN
....Dealer in....
Wall Paper. Points.
Varnishes, Mouldings
PAINTING. DECORATING and
FR.ESCOEING
Both Phones. 1527 O Street.
LINCOLN. NEBRASKA.
PURE HONEY
From Producer to Consumer. .
FOUR OR MORE
11 LB. CANS EACH $1.00
6 OLD. CANS EACH 4 80
F. O. B. here. Sample by mail 3c. Address
F. A. Snell, Miiledgeville. 111.
Agents Wanted
TO SELL
George W.
n f r r o
- MJ Ml M J Kit O
Everywhere New Book
"THE FREE PASS BRIBERY SYS
TEM." This book will be a seller.
Couknilu will want it. Ynu ran
bvsiuuu ..... - - - -
make $100 per month. For particu-j
lars address THE INDEPENDENT.
WIDESPREAD GRAFT
INSURANCE OFFICIALS IN MANY
KINDS OF CORRUPTION
Contributions to Republican Campaign
Funds to Prevent Restrictive Legis
lation and to Make Sure Existing
Laws Would Not Be Enforced
George W. Perkins, member of the
firm of J. P. Morgan & Co., and first
vice president of the New York Life
Insurance company, was the star wit
ness at- last week's session of the spe
cial legislative committee probing
life insurance companies' methods,
and his testimony was replete with
revelations in the development of fi
nance as applied by insurance com
panies. The climax came when Mr.
Perkins was asked concerning an en
try of $48,702 in a ledger marked
"Ordered paid by the president."
Payment Made jo J. P. Morgan
The check was made out payable
to J. P. Morgan & Co., and Mr. Per
kins frankly stated It was a contribu
tion to the national republican cam
paign committee and paid to Corne
lius N. Bliss. Mr. Perkins said:
"This payment was made after very
careful deliberation. It must not be
considered an ordinary contribution to
the campaign fund.
"It was paid because we felt the
assets of the New York Life company
would be jeopardized by a democratic
success."
He said they contributed in 1900
and 1904.
This bomb ''was threwn when the
room was packed with spectators.
Every one bent forward to catch the
testimony. J ,
' r Kept a , Da rk Secret
Pursuing the check inquiry further
Mr. Hughes brought out that this ex
penditure was never brought to the
attention of the finance committee,
the witness terming it a purely "ex
ecutive action."
"If the president out of his own ex
ecutive authority without reference
to the finance committee pays out
such large sums as these, how do
they ever come before the officers of
the company?"
"I have said the finance committee
has no authority over the agency ac
counts and general expenses. I think
there should be a broadening of this
authority."
Mr. Perkins was then asked about
checks for $55,000 and $45,000 made
payable to Andrew Hamilton March
3, 1904. Mr. Hamilton is a politician
who spends much time at Albany dur
ing sessions of the legislature.
' Non-Ledger Assets
Mr. Randolph, treasurer of the New
York Life Insurance company testi
fied that a considerable amount
of the assets of the com
pany did not appear, on the ledger,
but were kept track of on a card in
dex, which showed the purchase and
sale of the securities. Where stocks
had been received by the company as
profits of underwriting syndicates
they were placed on the card index
as non-ledger assets, while bonds re
ceived from the same source were
placed on the ledger, it being deemed
better to have the bonds show up as
assets than the stocks.
The examination of Frederick
Cromwell, treasurer of the Mutual
Life of New York, brought out the
fact that he had profited from trans
actions with the company to the ex
tent of $26,371.
Mr. Cromwell held that syndicates
were absolutely necessary for a com
pany doing the large business which
a life insurance company transacts.;
According to Mr. Cromwell, the Mu
tual Life has about $150,000,000 in
vested, of which $150,000,000 vas in
bends and mortgages, the balance be
ing handled through the medium of
syndicates.
Mr. Cromwell testified that it was
impossible for the insurance compa
nies to buy the bonds direct from the
railroads as they were issued, the
officials of the roads stating that they
could not afford to ignore the bank
ing interests.
Helping Out the Banks
Mr. Hughes questioned Mr. Crom
well in regard to the large cash bal
ances which the company kept in a
bank in which it was interested and
intimated that the large balance was
kept for the purpose of enabling the
bank to profit from the deposit. Mr.
Cromwell denied that the large de
posits were made just for the pur
pose of profit to the bank, but ad
mitted that the stockholders profited
from the deposits.
It has been one of the boasts of
the New York Life in recent years
that it had no trust company con
nections. Charle3 E. Hughes, chief
counsel of the investigating commit
tee, has shown that this boast Is not
well founded. The New York Life
formerly owned, and as a matter of
fact, practically controls today, the
New York Trust company, which for
merly was the New York Security
and Trust company. 1
Deceiving German Government.
In connection with its relations
with this company it was brought out
that the New York Life practiced de
ception to hoodwink the Prussian gov
ernment, whose laws prohibit an in
surance company doing business with
in its territory that has trust com
pany stock. To nominally comply
with the regulations of the Prussian
government, the New York Life made
a peculiar sale of its stock control
to the trust company, a negro mes
senger acting as a dummy in the
transaction.
It retained an option by which it
may buy back its control of the trust
company, and as long as this option
remains in force the stock that it
supposedly sold is in the custody of
three trustees, two of whom are offi
cers of the New York Life. These
trustees vote their stock at the annual
elections, and in effect the New York
Life controls the trust company al
most-as completely as it did before
the alleged sale of the stock.
In relation to the Metropolitan
Life which has 6,000,000 outstanding
policies in force chiefly held by per
sons of slender means, it has beon
made clear that the absolute control
of the many millions of that company
is vested in its president, J. II. Hage
man. Mr. Hageman makes invest
ments in securities or sells them on
his own responsibility and the Re
called finance committee of the com
pany ratifies what he does after the
transactions have been concluded.
Hyde Is in Hiding
The investigating committee does
not want to investigate the Equitable
until it can get James Hazen Hyde
on the witness stand. Mr. Hyde and
the former comptroller of the Equit
able, Thomas D. Jordan, and others
of the old directors of the company
have so far kept outside the juris
diction of the committee's subpoena
servers. It is still an open question
whether Mr. Hyde will appear on the
witness stand.
INDIAN COUGH CUR for 3Co. I will nd you
full directions how to prepare a Celebrated inlSM
Cough Syrup which will poaltiTely turo a cough
when all else falls. UhocJ In my own family 20yra.
Money back If it falls to euro. A. C. Shaw, Can
ton, Ohio.
rVIaly fnffi Hest Quality. 5c pr
I'laU-VUllCO pounrt. Samples and
Circulars free, rlfwavifeee Importing Co,,
506 37th Street, Milwaukee, Wis.
A. V. Johnson & Co.
1207 M Street
LINCOLN, NEBRASKA.
Wholesale
Cigars
OUR. SPECIAL BR.ANDS
NICARAGUA
PATHFINDER, In threa sizes
ORIANA, In two shapes
NEW YORK SPECIALS, 3 sizes, 103
National Board of Trade of Kansas City, Missouri,
OLD COMMERCE BUILDING,
545 Delaware Street,
KANSAS CITY, MISSOURI.
The principal object in organizing the NATIONAL BOARD OF
TRADE OF KANSAS CITY, MISSOURI, was to establish a reliable
market for grain.
Grain shippers will consult their own interests by carefully in
vestigating this splendid new enterprise. Its success means much to
the Nebraska farmer. ' . -: .
Full information cheerfully furnished on application.
JAMES DONOHUE, Secretary, Kansas City, Mo.
STOVES AHD.BAH6E8
LOWEST FACTORY PRICES.
Tbli Is the best range that money can buy we KNOW It, sowlU TOD after
you have examined and used It la your own borne. We do not ask you to send
us one cent. We want you to let ua snip you tnis range on
fttSO Days Free Trial
Bet it up in your own nome ana put it to kvjsut pobsiblh test1
for 80 days. Test It for economy In retaining beat, for soundness and
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ANT WAT TOU CHOOSB to convince yourself tbat It In Just as represented
and that weca-n sare yon from to u ,xon your i-urcnase ana giro you bet
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WKWSST GUARANTEED FOR FIVE YEARC
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Write for our large catalogue and eomplete information regarding our 80 days free trial oiler.
Walt until you bare bad our liberal plan before buying a stove or range of any kind.
016 Liberty St.,
KANSAS CITY. MO.
Please Mention THE INDEPENDENT When ou Write to Advertiser.