Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Dec. 17, 1905)
Powered by OpenONI
THE OMAHA DAILY BEK: SUNDAY. DECEMnKU 17, 1005.
PROPHECIES OF THE WIZARD
Thorax A. Ediioi Takes a Look Into th
Ttitire of Electricity.
BOUNDLESS DOMAIN CF CURRENT POWER
Hut Hie Klrst Thins I) I to
llUr-nirr th Means of Muk
l Klectrlclty Direct
of nil subjects t Ii; t Interest the Imniiin
rare today, electricity In surety one rf the
greatrt. And or nil men to talk on the
subject or eWtrlcify Thomas A. Edison
li" Surely the het Who is t l,-rn who
would not know Mr. Edison's views on th"
future of electricity? Mr. Edison Is no
more dreamer: he lr.ru tilings; he accom
plishes practical results; and when he ven
tures Into the realm or speculation all the
world holds Its breath to listen. Here Is
what he Paid to James Crccimnn or the
New Tork World l.i-t week in the future
"The flrs, g,o; change ,n the production
l electricity will abolish the eairying of
coal for that purpose," he said. "Instead j
of dipping gross material out of the earth,
loadlns it on rars and carrying; It. say, &o
miles, there to put It tinder a boiler, burn
It, and so get power, we shnll set up plants
nt the. mouths of the mines, generate the
power there and transmit It wherever It is
needed by copper wires.
"It ts preposterous to keep on putting the
eoat mines on wheels. It Is too clumsy.
It Is too costly. There is no necessity
"It Is easier to carry molecular vibra
tion millions of waves a second than
freljrht cars full of crude matter. We can
ship a ponm-horsc power over a wire
inlcker and more economically than we can j
send me equivalent in coal over a railroad
nvc (hp Freight.
"An Rngllehman told me a little while
ago that he intended to set up a power
Station on the Thames, brlr.' down coal by
oarges ana sen riecmc power in n.mmn.
I said to him: 'How foolish: Why rot
run a copper wire between Iondon and
the coal mines and develop your power
where the coal Is? If you build that power
station It will bo obsolete Inside of fifteen
"Everything points to the fact that in I
the near future electricity will be pro- I
duced for general consumption in great I
power houses at the mouths of the coal
pits. That Is the logical and common sense
outcome of present events.
"Now, the truth Is that it will cost a
third less to transport electrical power by
wire than to carry It In the form of coal
in railroad cars. Assume the price of coal
to 1k 1 at the mouth of the mine, and
risume the freight to be $1.90. Now, we
cm turn that coal Into electricity at the
nine and convey It by wire at less than
'. ilf the cost of the freightage of coal
So. In yeais to come, the great electric 1
I ower plants will be set up In the coal
fields. Electric power will largely do away
with steam power. Electric light will be
come cheaper than gas light.
"I believe firmly thut all great trunk
railroad lines will go to electricity Inside
of firteen years. I don't mean simply pas
senger traffic, but heavy freight traffic
also. Within twenty years steam will be
us out of fashion for railways as horses
are for street cars today.
Electricity will take the place of horses,
it will solve the vehicle traffic problem
In cities. My new electric storage battery j
Itself will make electricity cheaper than !
horses. You see the new factory going up 1
out there? Well, In the spring we will be
ready to furnish the new batteries. Not
only will they mean half the space of
hoise truffle, but they will go twice as fast. .
They can he stored on upper floors by !
means of elevators. The saving of stable
space In New York City will cover at
least $:oo,0Cv,0"t) of property.
'Another thing in the future: Wireless
telegraphy will enable us to reach any
ship ln any sea. This Is a certainty.
"Not only will electric power be devel
oped at and distributed from the coal
...I,,.,. In the r,,inn K oil tl,
power In the world will be used for the
production of electricity. That movement
i.a. begun and Is advancing rapidly. In j
California, where men have nerve enough I
in overcome habit, they are transmitting '
electric power 273 miles by wire and run- I
King street cars and lighting the cities by 1
it. That is the sort of spirit that will
wuke the world up one of these days. I
wish that the spirit of California would
"Go down south and you will find water
power being turned Into electricity for
mills in all directions.
"There are millions of horse power to
be picked up ln the waters ot the United
tutes for practically a song. It is one
of the world's greatest opportunities, this
chance to convert water power Into elec
tricity and distribute It to the points where
It Is needed.
The Main Problem.
"From a practical standpoint the most
tremendous thing in the problem of elec
tricity Is the fact that we only get about
Nature's Way Is Best.
The function strengthening anej tissue
building plan of treating chronic, linger
ing andobstin.it cnse of dtseatie as pur
sued by Dr. Pierce, I following after
Nature's plan of restoring health.
He uses natural remedies, that It
extracts from native medicinal roots,
prepared by processes wrought out by
the expenditure of much time ana
money, without the use of alcohol, and
by skillful combination in just the right
L'sed as Ingredients of Dr. Pierce'
Golden Medical Discovery. Klack Cherry
bark, Qneon's root. Golden Seal root,
Iiloodroot and Stone root, specially exert
thHr Influence) In cases of lung, bronchial
and throat troubles, and this " Disco v
et" Is, therefore, a sovereign remedy
for bronchitis, laryngitis, chronic coughs,
catarrh and kindred ailments.
The above native roots also have the
Strongest possible endorsement from the
leading medical writers, of all the several
schools of practl "e, for the cure not only
of the diseases named above but also for
Indigestion, torpor of liver, or bilious
ness, oltlnato constipation, kidney and
bladder troubles aud catarrh, do matter
You don't have to take Dr. Pierce's
say-so aljne as to this; what be claims
for his "Discovery" U backed op bv the
writings of the most eminent men In the
medical profession. A request by postal
card or letter, addressed to Dr. It. V.
Pierce, Buffalo, X. Y.. for a little book
of extract from eminent medical ad
thorllies endorsing the ingredients of his
medicine, will bring a little book free
that Is worthy of your atteutlon If
needing a good, safe, reliable remedy pf
krwirii oomnosiion for the cure of almost
any old chronic, or lingering malady.
Dr. Tierce's Pleasant Pellets cure con
stipation. One little "Pellet " Is a gentle
Uxaltve, and two a mild cathartic.
The most valuable book for both men
and women is Dr. Pierce's
Common Sense Medical Ad-
I'VJsf! viser. A splendid l'lf-pafe
ipm volume. , wun engravings
rfrSTTj and colored elates. A roer.
IVTiIL&Si paper-covered, will be sent
to anyone sending 21 fonts
tm to anyone s
I In one-cent
I S the eel of r
J Pj Dr. R. V. Pie
i stamps, to pay
mailing nfy. to
'ierce. buffalo. X.
.-eouad, si sinciis.
TOOTH TALK, No. 16
A :e to o , r T--t r.J 1:1
front teeth, for thrv can
not b pfn.' "Tnji1 ;irt
Ins In rortreftliiti: a i t
in. sot,.r. people, .specially ladies,
object Ptrenuoiislv to a displav of
K"id In the front teeth, i'hev
Hen complain to i h j r dentist,
'lily to he ir, rt villi th" taini
urnr.ro Hint nothing c,sn -.in
b" used, except cement i"cn
amel 'i. whim is not peru-iam tit.
Porcelain Inlays hn, hern made
In various parts of the world
for twenty years. A rnmplete
ou'flt Is elaborate and expensive.
I make a special! v of porcelain
lnlas. They cost more than gold
A Itellnlile Domini
t a Reasonable Fee.
UR. TU KKS. TinXTIST,
3J3 bee Bldg.
13 per cent of the energy of the co;U we
hum. Kighty-fhe per cent up the
".Now If v cui'.d find a wav to get the
energy out of ,, coal by s..,e direct ' outlook They s'ay hat stickVbiiiiht at
process, without wasting eighty-ihu pirlr pries hiivu been entirely n.ad up
cent of it, the result would be . ' and manufacturers are up against the
..j.. ,. . 1 , ...
Mlson laiscd his bands, clos.xl his I
eej and gave a sou, prolonged whistle.
"It would so multiply ami so cheapen
dectrict power as to inaugrato a new epoch
in the history of the world. It is practi
cally impossible, to exaggerate the couse
qdences of a discovery that would produce
electricity direct from coal, or in any way
to avoid the waste consequent upon the
use of boilers and engines."
'But all the discoveries so far have
failed to give us the secret we are looking
for. We need a process, simple and inex
pensive, that will save the S3 per cent of
-n wjli to,... t um Clinnuvt 0f that.
.There aro about a-n. sclentiilc men at
work In the world, digging out, testing,
"What the world needs nie not facts
so much as corelatois.
Cfin bring the facts
We want men who
them and work out the law
"Some day the great discovery will be
made. A man will discover one fact In I
one part of the world, and that will set
Borne fellow at work on another fact In
some other part of the world, and pres-
ently a lot or men will be working on the
true path; and one day It will be an
nounced to the world that electric power
can be produced directly from coal."
"But we may all be dead then, Mr.
"Nonsense. I believe that you and I will
both live to see it. It will come In our
time. It Is in the air. We are on the very
threshold of another wonderful era,
"When thai discovery is niado the
steam engine will be driven out of use.
It will then tie possible to have airships.
; I expect to see airships (lying before my
death. I do not think that they will fly
very high, but they will be able to go a
little higher than the troes and buildings.
"Such a discovery will make It possible
to drive ships across the sea by electricty
at a late of forty or fifty miles an hour !
three davs across the Atlantic from shore 1
"Why, power will be so cheap and so
easily distributed that a multitude of new
Indttstrles impossible now because of the
cost of labor will spring Into existence."
When F.lootrle Power Will lie Cheap.
The direct process will give the world ,
electricty at such a low cost that electric
light can be used by everybody, and rail- ;
ways can be operated at a fraction of their
present expense. The city of New York,
can De nt as brilliantly In the nighttime as
ln the daytime, without any additional cost,
"The human race may well look forward .
wth hope toward the day in which the I
d,BCOvery will be anounced. for after that .
the world will be gTeatly transformed.
'Tt Is all a matter of understanding what "ins. The receipts at New Orleans havo
.... u I rememher savlnr to tlnliols. decreased and tne market has assumed a
energy is. I rememDer sains to Dubois- tll.lm.r eBpt.cially on cune Juice und
Reymond, the great professor of physlol- kettles. Cane juice now ranges from 1 to 2
ogv in the University of Berlin, 'what cents per gallon higher than it did last
makes mv finger move- "Mr Edison 1 vvek- There Is a good demand for black
, nV, n R moe. mt. Edison KUap at an advance of fully 1 cent per gal-
held up his forefinger and waggled It hm and laige sales have been made. For
"and he answered, 'I don't know; I have eign molasses remains unchanged. There
worked in xain for thirty years to find out ! K..:r.U,'11l'"'dii' ........ . - ....
.... . ,.
wnai mai loini 01 energy is.
"When you wind up a clock you trans- '
form the energy of beefsteak Into mechanl-
t al energy stored in a steel spring. But
who can tell you how the one form of
energy was converted Into the other form?
"i have tried hard to get at the secret
through which the energy stored in coal
must be transformed into electricity. It
, . , . . ,
la too much for me. I am stumped. I don t
know enough. But the man who . does
know enough will appear before long."
. . .,.
MISSIONARIES HAIL BRYAN
Church Workers In Japan Tell of
Profound Impression oted
American Ilus Made.
American missionary leaders are recelv-
Ing glowing reports from Japan of the ex-
" . . . , . . , ,
oTiirni Implanon nicii uu mii iiiuub in
that country by William Jennings Bryan,
according to one of the bulletins of the
Church News association, a New Tork
bureau, which disseminates Presbyterian
missionary news. Mr. Bryan is himself a
Presbyterian. The latest word has
romo from Rev. O. W. Fulton, a missionary except prunes and raisins, and shippers an
statloned at Tokio, who write?: ticipate a material advance after the first
Mr. W. J. Bryan bus been in this coun- of the year. In some quarters holders are
try for several days. Mis visit was In the pii'sMug prunes and raisins for saie. The
midst of the naval maneuvers and the ev- lirowers and Puckers' a.xs.vciaiion has a
cltnient caused by the vlst of the Knglish meeting December 13 and tlie result may
fieeet. But he has been enthusiastically be to put its members on a basis wilh other
received. He lias delivered many addresses, sellers. So f ir outsiders have had control
being kept almost as busv speaking us In a of the market. Coast advices note u strong
democratic campaign. It has been very nnd advancing prune market there, with
gratifying to note that all his addresses stocks In small coir, puss. Tne market Is
have had a fine moral tone. Ills Christian firm on apihots and peaches, but no uu
example as a teetotaler has been marked usual features aie presented,
by the Japanese, and his Christian char- In some quarters is a somewhat more
acter and home lif have been held up as confident feeling in canned corn, with really
nemplaiy. ills address at the Young Men s d. suable offerings i n a low basis more
Christian association hall was a stronu, difficult to secure. Stocks of corn In pack
positive expression of Ms faith In the essen- ers' hands In New York and Maine are
tluls of Christianity. It was listened to bv said to be small. In tomatoes tlie lone ts
.( to 4 tf people. The visit of such a steady to firm. It is anticipated that by
man. with his clear-cut faith and cotirag- thr end of the year there will be a ma
sons stand for the Christian lite, cannot terlal Improvement. It is thought that tlie
fail of creating a profound Impression upon position of the heavy tomato holders Is so
the high officials of this country, as well strong that they could force an advance
as upon me nation us a wnoi.v Mission-
aries are vri y kiuu oi r.is coming.
HUNTLEY IN HIS NEW PLACE
Assumes Charge of Postal and la
Succeeded by Swan of
W. I. Cupen, division superintendent of
the Postal Telegraph-Cable company, ac
companied by A. B. Richards, who suc
ceeds him January 1, Is In the city, trans-
ferrlng the Omaha office to Edwin 1 Hunt- I exceedingly light and the new crop will
ley, who took charge Saturday. Mr. Hunt- . not be available before January. The da
ley had a strenuous day receiving calls i ',,anJ f"1 ""ned throughout the country
,. . . ,,, is reported good for this season ot tlie
from old and new friends alike. , year.
Mr. Swan of Chicago, one of the oldest October-made cheese Is strong and active,
men in the Associated Press service, will ' b l,t, November and Ivcemher are . xtretnely
,. ,,,,..,.. ,. ,i, , , ' ' dill and values tincei t iln. wi'h pries a uc
relieve Mr. Huntley at the local office of on.ler the october-made. The output V.r
tliat luxtitullon early next week.
Aanviidlx Kept Hui).
Tour appendix Is kept busy warding off
the dangers of constipation. Help it with
Dr. King's New Life Pills. :5 cents, l'or
sale by Sherman & McConnell Drug Co.
Three Years and a Half.
A. C. Williams, convicted of highway rob
bery in connection with Charles Schnevr,
was sentenced by Judge Day to three years
and six months In the penitentiary. Schmer
was also found auiltv by a Jujy. but ias
tu.1 jet b.en seaieuisd.
CONDITION OF OMAHA'S TRADE
Great Activity PrsTails in Loral Jobbing
BUSINESS ASSUMES HOLIDAY CHARACTER
Mnule Dsrepilnn i Mine Trade, for
Whli-h Wen I her Has lleen Too
Warm Heta lie of Urn
Trad" has tak. u on largely a liolidav
character, and all lines ot buslne.-s fed
the influence of the nppi -oaf lung Christ
inas, with the exception of tne si.oe Iilius. a.
1 ."' weather, witu tne exception of a few
da.t, ha been too nnini t..r li e best in
I'fsli of mioi- jobbers, and the trade,
though larger than in l.'id. Is not what
they weie 1 xpoi.ting. Grocers, dry goods
men and haidwure dealers, however, ha.u
no tne W01K tlu y cm do to till orders lor
th- Christ nas trade. Tilings to wear, hol
iday artiihs In hardware, and In groceries
kuiii tilings as hgs, nuts, dates, raisins uuJ
ail fancy 1400.1s. are In lame demand.
About tw. nty-tive traveling salesmen for
suoe lactones n.ive called on
""'aha jobbers within the last week, ntvl
lac-em nasis n puces lor leauier. w niie
,, advances In si,es have been Quoted
the last week, every department of the
trade is firm ami advances at any time
would not be Mil prising. Not only is
cowhide and call' high, but sheepskin,
wtucii is used tor Inside trimmings, com
mands an enormous price. Stocks are
low, c.nd it Is certain that thu conditions
will not grow better soon, for sheepmen
will kill and ship no more sheep than
absolutely necessary, as they are being
offered in advance as high as i.'7 cents a
pound for next summers clip of lamb's
wool and very high prices for all grades.
Warm weatner his been demoralizing to
the w hoi. sale Hade, bat of couise big sales
wnl conn when snow falls. Ileginulni;
Thursday, the salesmen Will be oft Ilia road
Willi Dry (ioods Houses.
Retail dry goods trade or 1 1111nh.ii and
the tnbiitaiy country nas evidently cou
nt. u. d very good, because the Joiioers ale
Hooded with older nt all sizes lor goods
of all descl lotions. The Miivim. p tn 1.1 ices
does not seem to check sales and cotton
continues at about the liigu Water niara.
A general advance in staple prints is
looked lor, thotigu no chain, ) Is noted for
the IhsI weik. with tne exception of
shorter discounts for some lines. Cheiked
ginghams are 'o higher lor certain in.iKes
bn aclad mid brow n cottons continue
ruoag. i.iiuana jouuers are maaiiig
extensive preparations tor spring business
and will tn gin titling advance otdeis at
once. Collections li ive bi en good.
Tlie New ork toinmeicial says of cot
ton: "With regard to prices for next
year, all cotton goods buyers seem to feel
Hint the fcovei mucin's crop report under
estimated wiiat tne actual production will
be. They arc not inclined to commit Uiem
selves any further than they have already,
and ore of the opinion ti.at liie mantel
will take a change in their favor when
further information regarding the cotton
ciop conns to linht. 11 is also claimed
that coin 'ii golds are now at a point
where lurther advance would Injure tne
trade, for alter prices pass a certain point
cotton goods cannot be sold. It can be
stated, however, mat this point has been
exieibd to some extent during the last
ear, and, in spite i.l all pieoicuuns to uiu
coi.tiui), has not stopped the demand."
i: 1 licet Advance la It ice.
There Is a feeling prevalent among
dealers that rice, particularly Japan, is
good for a sharp advance coon alter tno
lust ot the year. 1 hey suy that on tne
basis of slatisilcs rice should be -c higher
than it is today. For the last week Hie
market has been of itttul character, days
activity being succeeded by das of duil-
Asoi tniuiits are satist.ictory for tne
timo 01 star and tn general pn-es have
l"''''1 sustained on Japan and tne Hon-
uu.no no i l. wii tut? niiniiui; uoasi uirio
has been a fair movement. At .New Or
leans the market Is strong, with a good
demand. Cables and correspondence 110111
abroad note firm market on all transac-
,..,,, for 1,nm,.llll.,M SH ,i ,.r d
In cereals there has been no change. A
g', ao"""'d " ' " d inlred
No" change has taken place in the Omaha
market In syrups, of the situation tlm
".During the last week the arrivals of New
Orleans molasses have Increased at this
.'iWeduV d TwIii l,i"a vfy 'dlfltouU
matter to s'ui.oiv the demand before cm ist-
'"I"'""""" lioneo mo
nrst or tlie week and the last two days of
tlie week before, holders becoming tired
a,"d V"lJ b,ut,",1 Hhe Ualctew da'
ot'o'a at V" V,"' udtil.uT r
mains tlie same us a week ago. Keceipts
are running a little larger than at thu same
"'willeu Uray of New York say of
1 ne market nas undergone fluctuations
inustig i.y iniiueuces outsme 01 tne actual
ood position of coffee. The changes In the
statistics for tlie month are not Important,
j but- as llle experts in" Europe figure out a
decrease and the New York Coffee ex-
1 change figures show h slight increase, tills
;prov. that discrepancies will occur as
! much as ltn.oft) bugs m the monthly figures.
according 10 tne system adopted. But lrom
tins tune forward the world s visible will
show a steady decrease, and the deliveries
ln Karopo und tlie fulled Status plainly
Indicate thai invisible stocks are down to
the minimum. However, tlie market has
i been dlsaooointing to manv who exnectcd
an immediate advance after the De.-ember
''"'''hI'""' .B.nJ M','3 i?"1 ?""in 111
they desired to Sill, llrazil nceipts so far
are aiMitit equal to the same time last
season, pointing to the result of this crop
being about the si me as the last lo,'),u.j
Dried Fruit Cleaned I p.
Never ln the history of the trade has the
California dried fruit market been so
closely cleaned up in Deieiuher us todav.
Ther lu u m i.'II.mI nlnjcuin ...
. l any time, on canned fruits tlie maaket
throughout Is steady to firm
There is a moderate interest in canned
salmon, with tlie situation practically un
changed. Sardines are firm und a fair
movement Is noted at tlie recent advance
in ' oils.
Herring is ln good supply and the market
is a little easier. The tone is firm nn talt
mackerel. Codfish Is strong, but quiet.
Gloucester advices note a moderate supply
and sn advancing tendency there.
yuntauons on refined sugai remain j, tac
tic illy tlie same as those of last week.
Iiiws are firm and active &.nd conditions
are favorable for ruling of higher prices,
wnlcli naturally will affect tnu market mi
roen.bcr and liecoiufcr is sotuewnat in
exciss of the make for the same months of
Holiday Hardware Business.
The hardware people of this section were
never bi.aier at ml tin.. Tlie n.unv ad
vances In price which have teen noted
from time to time have had a tendency to
create a buying movement among the re
tail dealers; the unusually high price of
form product a hue enabled the consumer to
pay the advance. When Lhe very' prosrr
oas condition of the agricultural, manufac
tar.t g and mining Interests are considered
it is l.ar.ily reasonable to expect kne de
crease In the lien. and or c.iiiFHouent decline
lu Ite ilka tf huldttauo. " tvu cvr-
t.-ilnly never had a November In the bsnl- f
ar brslncs In this s--tion. says a
rieiler. "Sh't" tie V"llli.ie baj. bevn greater
or business tri neraliv mere satisfactory."
Eve-yt hltiir !nc,e.ite Hat tie retailers
are gcir.ir to have ;l si'ler.iid holiday tra l.v
In fact, it ho n':i i.y set In . ar!lT than
usM-il an-l t!i" t't.ii! hardware no i who
lave Mippll-.1 ' h. T-i". 1 1 with holiday
poods will, within the ti xt w.ik. re-ip .1
lart'j shaie f the abundant iros rity
lth whlih th" roun'rv !s biessed. Colle.--tlons
are irnr.d and prop. ts i r sprlns
business rxc lletit.
REGRET LOSS. OF PERKINS
esr York Life People Iteaaril Hint as
Main Factor In Msnal access
of tbnt tampan;.
lino 1 represcn a 1 es of the N w York I.lfe
Insurance company express themselves re
gretfully over the resignation of George
W. Terklns. under whom several of them
worked, and endorsed the sentlnnnts con
tained in the resolution passed by the trus
tees last week, as follows:
Whereas, Mr. I'erklns' connection with
this company has extended through the en
tire period of his bjslness life, nnd covers
that portion of the company's existence
within which its greatest growth has oc
Whereas, Mr. Perkins has rendered this
company and Its j .hcyhohlers services
which have touched almost every phase or
life Insurance development, which have ex
tended with controlling force to the work
nnd policies of this companv during the Inst
fifteen years, and which have not been ex
celled In efllcletiey nnd Importance by the
work of tiny officer of the company at any
time, therefore, be It
Kesnlved. That. In accepting these resig
nations, we express to Mr. I'erklns our
hhrh appreciation of his long and singularly
valuable services to the companv, nnd we
conerat'ilat. him on the great opportunities
which his ability stid Integrity have opened
and are opening to him.
The personal statement contained ln the
letter of resignation submitted by Mr. Perk
Having passed through all the various
grades of service. Including that ot an
tigetit In the Held. I was elected II Vh-.J
f. resident of the company In February, W2.
The task of reorganizing the company's
agency department throughout the world
was Immediately nsv'gnc.) to me. I devoted
tnvsilf exclusively to tils for the succeed,
ing elirht years. M iring this time the old
L-eneral airency system of the companv was
broken up. not only Ir. this rnuntrv but In
other parts of the world. The middleman,
who. under that system, always made large
profits In the form of overriding commis
sions, was eliminated. A new plan of or
ganization known as the branch office sys
tem, by which the pom pony deals direct
with the insured and illrect "with the pub
lic, was established, with the result that
new business Is secured In a much larger
volume nnd at a lower cost and stays on
the books with greater permanency.
Various methods have been devised,
known as the "Nylle" system, to promote
the permanency of 'he agents' connection
wl'h the company and Increase their Inter
est In the quality of the business secured.
This system has materially helped to de
velop a large body of unusunilv efficient
men who because of these Influences and
of their absolute faith In the company, have
selected service here as their life work.
They are thoroughly trained and equipped
life Insurance men. They have been se
lected arter years of effort out of many
thousands who have served the company.
They are, individually and collectively, of
enormous value to this company. It would
take years of time and a very large sum
of monev to replace them.
I feel some pride In tee part T hnve had
In creating this organization and. therefore,
sincerely hope that, in Justice alike to the
organization and the policyholders, nothlnir
will be done to lessen the 'effectiveness and
value of the work of the men In the fl"'d.
When I entered the firm of J. P. Morgan
A Co. It was understood between Mr. Mor
gan and myself, and also understood nnd
approved by the New York I.lfo Irsumnoe
company, that the dual position should not
continue. However, my long connection
with and deep Interest In tlie New York
I.lfe Insurance comnany made me loath to
leave It, esoeclillv as I came to realize that
my eonnep'lon with the financial world was
of substantial value to the policyholders of
the company, and I believe this Is demon
strated by the statement I herewith sub
mit ps to the operations of the finance eom
nittee during the period of my chairman
ship. My business responsibilities, slready very
great, have within the last few davs been
so Increased by my election to executive
positions In other romnnnles that I ask you
to accept my resignation as of this date. Tn
taking this step I desire to testify most
heartily to the unselfish devotion at all
times of my associates on the finance com
mittee to the policyholders' Interests and
to acknowledge my obligation to them for
their wisdom nnd counsel, without which
the results accomplished would have been
WHAT PALMER REALLY SAID
Postmaster Misquoted by Another
Paper Comes to The Ilee fur
"I like to give out what Information I
can. consistently, relating to public af
fairs." suld Postmaster Palmer Saturday
mnrnlng, "but I must ask to be ouote.l
j correctly. The paragraph In The p.ee re-
nioii, io nuiuc iiiauLin i nau uioKen alter
before the departments at Washington Is
correct, but another paper, la morning
und evening paper), has misquoted me
badly, and I would like to have this cor
rection made through The pee:
"The quotation should read. 'I conferred
with the postmaster general und ull four
of the assistant postmaster generals on
business connected with the Omaha offlc.
Nothing was said about withdrawing the
headquarters of the Western Division of
the rural free delivery from Omaha, neither
had Senator Millard heard of u move of
this character.' Again In regard to the
Puttie Mountain i-anitaiium, the quotation
should not read that the JJ9o,ij0 im
propriated 'went through as approved by
the board of managers." The HPfl.ano called
for by the board of managers has been
reported to congress by the secretary of
war and U now in the hands of the ap
propriation committee. No bills havo
passed the ho ise or senile yet."
No Opium in f linintir riulu's Cough
There 's not the least danger in giving
Chamberlain's Cough Remedy fo small chil
dren, as It contains no opium or other
harmful drug. It has an established lepu
tatien of m ire than thirty years as the
most successful medicine In use for cold,
croup and whooping cough. It alwayi
cures and Is ph asant to take. Children
CLOCKS Krenzer, I3tn and Iodge.
Via "The Northwestern Line."
l'i fare round trip, Dec. 2.1d. good 30 days,
to points in lllinr.Ts. Indiana Ohio, Ken
tucky, New York. Canada. Pennsylvania
Us fare Dec. 2Cd to 25th and Pec. 30th to
January 1st, good until January 4th, to all
nvstein points und to . points in Illinois.
Minnesota and the Dakotas.
111.70, Chicago and return, Pec. 16th to
19th, good until Dec. 21th.
Offices 1401 l'arnam St., Union Station.
Webster Street station.
Piainonds, US to i,u a.-ii Ldholm, j'w'r
NOTICH OP THh' RK-IXXTKVKIMN or
CHARTER OF Till; OMAH N -TlONAI.
Charter No iir:l.
C F. R Tin C A T K RK-F.XTENDI NO
CHARTER. HlKASIiiY I -EPAPTMKNT
oFFb K OF 1'iiMI'TKiil.l.KK OK THF
ITRKKNVV WASi.lMiTi ... I). i, p...
cernher 14 1C
Whereas, Hy sat ii-fa. torv evidence pto
pented to the tin.!. r..n;ncd. it has b, en
made to appear thai the ie.i,.h,i Nitioi.al
bank, located in the eliy of Omaha, in the
county of Douglas and state of Nebraska,
has complied with all the provisions of the
act of congress "to ennh'e national hanking
socia'l'it:s to extend their corporate ex
isted" and for otter purposes." approved
July 12, 1M2 as emend. d by the act ap
proved April 1J. 12;
Now, therefore, I William B. Rldgelv.
comptroller of the currency, do hereby cer
tify 'hat the nnatia National bank, located
lu city oi Ou-ud, in ibvi uuir.y of
Ul W- V7VY
34 6 Broadway,
By direction of the Board of Trustees of the
New-York Life Insurance Company, the following
information is published for the benefit of the
policy-holders and the public:
New York, December 11, 1905.
GEO. IK PERKINS, Esq.,
Chairman of the Finance Committee,
Broad teat, City-
Dear Sir: I herewith submit to you, in accordance with your request, the following infor
mation as to the operations of the Finance Committee of the New-York Life Insurance Company;
since you became its Chairman five years ago. - I
On December 27, 1900, the Company was possessed of bonds and stocks, the cost value of
which approximated $160,000,000.
During the five-year period
Finance Committee for purchase
Out of these offerirgs the Committee has selected and purchased
bonds representing over 550 specific transactions, amounting
Of this latter amount the Company still owns and holds
The remainder, or
representing over 600 specific transactions, has been sold
ing the five years at a cash profit of $1,135,225
During the same period the Company has received from par
ticipations in bond syndicates to which it has been a subscriber
for the purpose of obtaining bonds at the original issue price,
from joint accounts and from other sources, a total cash profit of .7 $1,812,102
During the same period the Finance Committee has sold bonds
out of the above referred to $160,000,000 of bonds and stocks which
it held five years ago, realizing from such sales a cash profit of $1,670,674
During the same period, this Board having determined to in
vest the policy-holders' money in bonds only, the Finance Com
mittee sold the Company's bank stocks, trust company stocks
and railway shares at a profit of $4,700,000
Making the total cash profits from the four sources
During the same period losses have been sustained on five
transactions involving securities in the possession of the Com
pany five years ago, and on five transactions involving securities
purchased during the past five years, representing an aggregata
Making a net cash profit realized for the policy-holders during
the past five years of
These cash profits are over and above and exclusive of interest
on the Company's securities, which rate of interest during this
j period has averaged over 4V4 per
The present market value over cost value of the above referred
to $190,869,477 of bonds purchased during the last five years and
now held in the Company's assets is
In this $190,869,477 item is included the Company's participation
of $3,200,000 in the International Navigation Bond Syndicate
at a valuation of 80, although the securities therein have now
an aggregate market value of over 90.
Making a total profit in five years of
The Company is now possessed of approximately $312,000,000 of bonds,
age of fifty years to run, at an average rate of interest of over 44 per cent, and which are worth
on the market upwards of $10,000,000 more than was paid for them.
F. II. SHIPMAN, ,
Dousrlas and the state of Nebraska, is au
thorized to havo succession for the period
st.eclticed in Its ana nded articles of asso
ciation, namely, until close of business on
December 1. ,
ln testimony whereof witness my hand
and seal of otllce this llth nay of December.
1,;,. WILLIAM H. RIPHKI.Y.
iSeul Comptroller of the Currency.
Kxteiistoti No. &I4.
D1T-2F. Jl-S-US tn
NOTICE TO RAILROAD CONTRACTORS.
We are prepured to let the grading and
Masonry on b miles of the Tidewater and
Peepwater railroads, extending ir.un Roan
oke, 'u , l'.s miles west Into West Vir
ginia. The woik is vi r heavy rock work:
i tne line nearly paralleling the Noiiolk und
I Western railroad The work consists ot a
Lumber of snort and long tunnels, heavy
I steam shovel work und many miles of good
station work. 1 ne Heavy work will last
Plans, profiles and instructions for seeing
the work can be obtained at our office, iol
and 8".' Terry building. Roanoke, Va , where
our Mr. A. F. McArthur will he prepared
to meet contractors on and after December
PrvtiUs Uia' 1 ?ta and fuiibor Informa
there have been offered to the
securities to the amount of ...... .
tion obtained from our eneial offloes, M0
Fisher building. Chicago. Ill, or fiotn our
New York office, lianover Bank building.
New Y'ork lily, or from the following
A. B. Koenig. H12 Walnut striet, St. Louis,
Mo.; Atwoods Labor Agency, .HI Mouth
l.th street. Omaha, Neb; At wood j.abor
Agency, 2 liiioii avenue, Kansas City,
Mil.: Atwoods Labor Agency, ITU Market
street. Denver, Colo ; Atwood s Labor
Agency, i::i :.r,th street, og.ien, I 'tall : Miller
Nichols, Third tdroct. Si. Pub, Mlm, ;
Miller & Nichols. Mouth Fiist sticet,
Minneapolis. Minn ; Nui ; h western Lab r
Agency, Duluth. Minn.
MAC AU'iilLK UROS. Co
Notice Is bereby given that the annual i
meeting oi me storsnoiaers or The Hee
Building company will be held at 4 o'clock
p. in.. Tuesday. January 1. l. at the
office of said company In The Bee building
Omaha, for the election of a board of ill!
rectors for the ensuing year and the trans
action of such other business as may prop
erly come liefore such meeting. Bv order
of the presldvut. C. C. KvBliWATER.
which have an aver-
ANN CAD MEETING OK BTOCKHOUV
OMAHA, Pec. IS. 19oS.
Notice Ik hereby given that the annual
meeting of the Mockholders of the Omaha,
lias company will fx. held at the office of
the company, Merchants National bank
building, ut 10 a. m. Monday, January 1,
l'jii. for the election of directors for the
ensuing year und for the transaction of
such other business as may come before
iJlOORiihl W. CLA BAl'Oil, Secretary.
STOCK I IOLDER8' MEETINO.
Office of Lee-Gluss-Andreesen Hardware
Company. Oionha, N' b.. Pec. S. ldn Notlea
Is berehv given to the stockholders Cf tn
id -til . -Andreesen Hardware companv
that the annual meeting of the stockholders
of the ci n.panv will be held at the offices ef
tlie said coiiipuiiv. corner of Ninth and Har
tley sliicts. In the city of Omaha, In the
state of Nebraska, on Tuesday, January S.
A. I. 1'".. at 3 o clock d. u.., for the purpose
of electing i board c f directors for the cem
pany to eerve during the ensuing year sn4
to transact such other business ae may be
presented at sjcti meeting.
(Seal, H. J. LKE, President.
AltMt; y it OLA4, ftecrstarf.