THE OMAHA DAILY HKE: SUNDAY, FIllUU'AHY 1, 1003.
r?
iA.
FOURTH ANNUAL STATEMENT
,...0F THE...
Co
P. M. STARNES, President, Des Moines, la.
Another Record Broken by the Record Breaker. Look and Consider Well the Following Financial Statement for 1802
n
d
Trust
La
a
i
STATEMENT DECEMBER 31st, 1902
ADMITTED ASSETS
FirBt Mortgage Loans $761,068.50
Secured by first mortgages on Iowa farms having asworn valuation of $2,013,9J2. 00 exclusive of improvements.
Loans on Policies 3,444.61
Premium Notes (Net) 87.00
Cash in Office and Hanks 37,189.32
Agents' Ledger Balance and Bills Receivable, secured 5,208.62
Interest Accrued 16,686.66
Premiums Due and Deferred, net 169,292.00
$992, 976.71
Less Ledger Liabilities , 882.03
s.
Admitted Assets $992,094.68
LIABILITIES
Net value of Policies in Force ..$792,171.06
Premiums Paid in Advance 46,779.17
All Other Liabilities 2,404.00
Surplus to Policy Holders 150,740.45
Total $992,094,68
This Company now has admitted assets of $992,094 against
$500,014 one year ago.
A GAIN OF 98 PER CENT.
This Company now has in force 20,061 policies against
1.1,740 one year ago.
A GAIN OF 71 PER CENT.
This Company now has insurance Jn force amounting to
$12,594,288 against $6,821,885 one year ago-
A GAIN OF 85 PER CETT.
This Company now has a Surplus of $150,740 against
$121,052 one year ago.
A GAIN OF 25 PER CENT.
IliiF ism pkMMiiSli
-a-; , v v . - .J
OFFICERS:
P. M. STARNES. President De FOREST BOWMAN. Secretary.
D. O. EDMUNDSON, Vice-rresldent. N. K. COFFIN, Counsel
CALVIN MANNING, 2d Vice-President LEWIS SCHOOLER, M. P., Med. Dir.
GEO. E. PEARSALL, Treasurer E. R. CARTER, Actuary
DIRECTORS: .
P. M. Starnea, President, Pea Moines DeForest Bowman, Secretary.
Geo. E. Fearsall, Cashier Citizen's Dea Moines
National Bank, Pes Moines s- J- Patterson, Cashier Punlap Bank.
D. G. Edmundson, Vice-Pres., Secretary
Loan and Trust Co., Dea Moines
N. E. Coffin, of Dudley ft Coffin,
Dunlap, Iowa
Lewis Hass, Cashier Woodbine Savings
Bank, Woodbln, Iowa
E. E. Ptnney, Wholesale Coal,
Attorneys, Dea Moines Cedar Rapids, Iowa
Calvin Manning, President Iowa National Bank. Ottumwa, Iowa.
THE PYRAMIDS OF PROGRESS
A Four Years of Record Breaking Progress, Such as has never Been Equaled in Old Line Life Insurance History.
Admitted Net Assets
$66,547.85
$212,938.75
$500,014.69
$992,094.68
1899
1900
1901
1902
Insurance
$740,800
$2,831,260
$6,821,885
$12,594,288
The chronicle of the first four years' experience of the National Loan and Trust Co., is without a
parallel iu the history of life underwriting. '
The National Life and Trust Company issued a greater number of policies to Iowa people than a uy
company operating in the state, except industrial Companies, and leads every company in the state in
new premium income. In short, the National Life and Trust Company has so far out-stripped all com
petitors, that today, it has only its own record to beat, ."ever so strong, never so successful.
A contract in the National Life and Trust Company, running 20. 30, 40 or 50 years, is as certain of
maturing at one hundred cents on the dollar as one falling due tomorrow.
Men of integrity can be profitably employed in any one of twenty-five states, embracing the choicest
territory in various parts of the U. S.
All approved forms of regular Life, limited Payment Life, Endowment and Investment Policies, em
bracing nearly fifty different onus of contracts issued by this company. A roster of policies that for
simplicity, equity and liberality of conditions to the policy holders, are unsurpassed.
THE NATIONAL LIFE AND TRUST COMPANY,
Offers the "Best Insurance in the World," in Life, Limited Payment Life and Investment Endowment Insurance,
well to investigate this Company's line of policies, and consider carefully before making engagements for 1903.
Insurance men will do
Correspondence Solicited. Agents Wanted.
HOME OFFICE, CROCKER BLDG., DES MOINES, IA.
-it-
SCHWAB'S HEALTH ALL RI01T
k'.eel Magnate'! Condition it in No Wise
Piscturafing.
Villi NOT TALK OF PHYSICAL CONDITION
II lids Cable 1 orreanoudenta Always
Mlirrurt or Misrepresent Mini, So
Takra Hefutie la t'rli
Mlencc tor. Future.
(.'0i rlht, 1H03, by rr.-ts Publishing Co.) i
PALERMO, Sicily. JD. SI. (Nw York
World Cablegram Special Telegram. ) So
many false reports have been circulated In
the I'nlted Slates concerning; Charles M.
Schwab's health and movements that the
World special correspondent has made a
careful Investigation and herewith send
the facia.
Mr. Schwab arrived here from Naples on
January It, accompanied bv a parly, chiefly
members of his family. For tho Aral few
days tho weather waa exceptionally bad
fnr Palermo, and Mr. Schwab remained
aboard hia chartered ateam yacht. Mar
gbarlta. though aom. other members of tho
party went sightseeing.
Mr. Schwab was not prevented from Join
ing thee, excursions by Illness, but, to use
tils own words, "My desire to see th. sights
was not great enough to Induce ma to
brave the damp and discomforts of going
about."'
leaving Mrs, Schwab and her mother.
Mrs. Ktnaey. at tha hotel. Villa Iglea. they
Oiiug afraid of scasickucs. Mr. Schwab
and others of his party nailed for Tunis
oa the 20th and remained tmlll the 23d.
Mr. Schwab spent most of this time ashore,
sometimes In an auto, sometimes walking
through the bazaars, where he mado many
quaint purchases.
On returning to Palermo, Mr. Schwab,
with the men of the party, hired a motor
car and visited all the sights In and around
the city, being especially attra.ted by the
beam I ful cathedral at Mnnreale.
The World special correspondent has
seen and talked with Mr. Schwab, and
finds the latter's appearance to be that
of a man In very good health, with no sign
of menial or physical disease. If he Is ill
it la not apparent In his converaatlon or
appearance. Mr. Schwab expressed much
annoauce at the falae reports published
about his health. ,
"I feel quite well." he said, "but I prefer
to say nothing with regard to my health
or plans, because the more one says the
more chance thero Is of being mlsreported
or misrepresented I shall leave here In a
couple of days on the Margharlta. but will
not return to lbs I'nlted States until
March, then probably from Genoa or Southampton."
SHOCKS THE ARISTOCRACY
Lord William tellle's Book
Worse Offense Tkaa Former
Oae of Fitrserr,
(Copyright. 11 3. by Pr?ss Publishing Co )
LONDON. Jan. 31. (New York World Ca
blegram Special Telegram.) English aris
tocratic society has not been so genuinely
Viocked for many . year as It la now by
:o:d William Neville's book, the publishing
j: which is considered far greater oflensj
against his order than the crime of forgery,
for which be was sentenced to fly. years'
imprisonment.
Since bis release his family has refused
to have anything to do with bim. His
father, the marquis of Abergavenny, amid
many family trials, has never had to endure
greater blow to his pride than this per
petuation of the disgrace Incurred by hla
aoo.
Lord William lives quietly with his wife,
but has not been about for th. last six
months. At on. time be wss the print of
Wales' favorite and mo lei among the young
men of London. His marriage with Miss
Murletta, then esteemed one of the wealth
iest English heiresses, was arranged by tb
prince himself. Lord William and his wife
have alwaya been remarkably devoted to
each other. I'nllke other married couples
In th. circles In which they have moved,
they Invariably were seen together. Want
of money prompted the writing of the
book, combined with a desire to get even
with the Judge who sentenced him. Justice
Lawrence.
Lord William thlnka his character Is
completely restored by this publication, but
the public Impression Is that the audacity
and moral obliquity which made the book
possible show him to be quite as black as
he has been painted.
JUNIOR MORGAN CUTS SWELL
Ha. Oa. of Ike Moat 1 saponin
Hoases la Block Where Ureal
Oae. AkokDil.
(Copyright. linS. by Press Publishing Co
LONDON. Jan. 31. (New York World Ca
blegramSpecial Telegram.) J. Plerpont
Morgan. Jr., bag Juit sealed la big usw
bouse, 12 Grosvennr square. It is one cf
the most Imposing in the block, which
Includes the residences of the duke of
Portland and Sir Ernest Cassel. Mr. Mor
gan still has on his hands the other house
on Grosvenor for which he paid the
dowager countess of Dudley a fancy price.
It Is not furnished and he has never
occupied it.
J. Plerpont Morgan, Jr., after a thorough
college education, entered his father's bunk
ing house In New York Ciiy in a minor
position and developed such financial ability
that live years ago, at the ago of Hi, he :
was made junior -partner in the London j
firm of J. P. Morgan Ar Co. He was first j
secretary of the I'nlted States special em
bassy at the coronation of King Edward.
LYNCH MUSfsERVE SOME TIME 1
o Farther Commutation of Ilia fn- i
!
trnre Possible fur Three
Mont'ia.
(Copyright. Ii3. by Prcs Publishing- CM
LONDON. Jan. 31. (New York World
Cablegram Special Telegram.) Colonel
Arthur Lynch, lately sentenced to be
hanged on conviction of treason, but whose
sentence was commuted to imprisonment for
life. ha. been removed to Parkhurst prison,
the doctors having reported unfavorably on
th. state of hia lungs. No further com
mutation of his aentence can be considered
for three months, but 11 ia said that he will
be set at liberty before cr Immediately after
King Edward's projected visit to Ireland
next spring or autumn.
ern Railway of Canada, which la about
2.12 miles In length and gives the Canad
Northern an eastern outlet.
STANLEY NOW A DYSPEPTIC
I'aya Penalty of Abandoning F.arller
Fare of Omaha and the African
Wilderness. .
(Copyright. ir i3. by Press Publishing Co.)
LONDON. Jan. 31 (New York World Ca
blegramSpecial Telegram.) Henry M.
Stanley, the famous African explorer. Is a
chronic dyspeptic and suffers terribly at
times, and his face bears traces of th.
agony he has endured. He lives almost
entirely at his country house In Sussex.
He has an adopted son, the little fellow
who was the model for his wife's pictures
of London waifs.
(rrmuny Wants til. Milps.
SANTIAGO. Chile. Jan. 31 Private
agents of Germany hare proposed to the
government the immediate purchase of the
Chilean battleship Captain Pratt and th.
armored cruiser Esmeralda and bav.
offered to take over the warships now being
built in Europo for Chile.
SOFT COAL OUTLOOK UGLY
Miners and Operators Unable to Agree on
Wage Schedule.
OWNERS REFUSE INCREASE DEMANDED
Mitchell Malms Raise Is Folly Jaatl
tted. but Neither Bide He.sns at
All Inclined to Give Way
to Other.
Canadian Ksllnas Mrmc
MONTREAL. Jan. 31 The Canada Norlh-
j era railway hat acquired the Great Nortu-
t'rrlglit Handlers O.-aalse.
ST. I.OCI8. Jan. 31. With the election
of the following- unVtrs. the organization
.f the International Order of Interior
Freight Handler and Warehousemen, with
Jurisdiction over all locals In the I'nlted
Platen. Mexico and Camilla, and a member
shlpuf 1.5m. is practically complete: Law
rence J. Curren. Chicago, prevalent; James
Lynch, Chicago, first vice preiuent; J. P.
O'HrUn. Bt. Louis, second vice pretiident;
Mmton HiKKins. Ht Louis, third vice iiresl
ritnt; Thomax Mi Ellroy, Providence, It. I ,
fourth vh e president. J. K. Cronan. Hi
Joseph. Mo., fifth vk-f president; M. J
Uuiiik.11', Chicago, secretary and treasurer.
INDIANAPOLIS. Jan. 31 At the open
session of the miners' and operators' Joint
wage conference today the scale commis
sion reported the selection of W. II. Has
klns of Ohio aa chairman and S. C.
Scriggs of, Chicago aa secretary.
The report showed that on the prelimi
nary vote In executive session yesterdsy
the operators voted ur.au-niously not to
grant the Increase In wages or changes In
standards of mining that were demanded
by th. miners. All demands adopted by
the miners were voted on separately.
Several operators addreased the confer
ence, giving reason why the Increase de
j manded should not b. granted. Th. tea
i tlmony given before th. strike commission
was quoted by th. speakers to show tha.
'the conditions In the bituminous fields
: were better than tbos. that exlated In tha
anthracite fields.
Prealdent Mitchell's testimony was re
peated aa proof of this argument. Mr.
Mitchell replied that while h. bad aaid
that the bituminous miners were faring
better than the anthracite miners, his tes
timony could not be mad. to apply gen
erally, nor could It be shown that, the
average pay per capita was much better
than that In the hard coal mines.
F. L. Robbing argued that the run of
mine basis Increased tho cost of roal mined
and also lowered the quality and that the
only leason the companies In the Pittsburg
district could keep their trade under the
system was that the coal mined ther. Has
of a superior quality.
Mr. Mltctll answered Mr. Robblns. He
said:
I cannot see why coal cannot he mine.)
on a mine run basis as well In the Plits
bi.rg district aa In the statea west of tho
MlMslsalppI or south of the Ohio. The onlv
sood reason there can be for wantln'
a screen basis is that the operators get
some advantage, not contemplated In our
contract.
The conference adjourned after having
referred the matter back to th. scale com
mittee, which will meet on Monday.
Two Men Are Manpertcd.
8T. LOl'IH, Jan. 31. -The police depart
ment has the tiamea of two men wh, It
Is alleged, assisted Jerry Rlchtmeyer hi
robbing the bank at Hieelvllle, III. Chief of
Police Klely la authority for the statement
that Klchtmeyer haa revealed the nattier
of the men The two men are not In Si..
I.OUU) and their present whereabout nni
not known, but photographs and descrip
tions of the men will be sent out Immedi
ately, and. aa they are well known crook,
confidence la lelt that tney wnl oon l.:
under arrest. Itlchtmeyer ha. not m.nln
any confession of hia own connection with
the robbery. He denies that he had ;i
hand In It. but simply says he knows thu
men who did th. Jjb. .
ton federate Veterans' Merlins; tailed.
NEW ORLEANS, Jan. SI General Gor
don, commanding the I'nlted Confederal
Veterans, announar that th. thirteenth
annual reunion of the organisation will t.
held In New Orleans May It, ?, Zl and 22,