THE MORNING OREGONIAN, THURSDAY, JANUARY 23, 1908.
LIVESTOCK MEN
VOTE FOR LEASING
Overwhelming Defeat for Col
orado Opponents of
Burkett Bill.
WARM DAY IN CONVENTION
Mlnorlly rose as Champions ot
Homesteaders and Spy Joker in
Bill, but Are Beaten Move
for Tariff Revision.
DENVER, Jan. 22. The eleventh an
nual convention of the American Na
tional Livestock Association was un
able to complete its work this after
noon and adjourned until tomorrow
morning, when its officers for the
ensuing term will be -elected and the
place for the next meeting selected.
The afternoon was taken up in- the
discussion of the Burkett bill for the
leasing of public land and it was final
ly approvtd by an overwhelming vote.
The convention opened with an ad
dress by Alvin Saunders, managing ed
itor of the Chicago Breeders" Gazette,
who spoke on "Reciprocal Tariff." He
stated that there was a great market
for livestock and livestock products in
Kurope, but that owing to prohibitive
tariffs on that continent livestock
products were practically barred out.
Proposes Tariff Revision.
He Introduced a resolution, which
was adopted, appealing to the ways and
means committee of the House and the
finance committee of the Senate to
take up the matter and favoring the
appointment of a nonpartisan tariff
commission as provided in a bill, in
troduced by Senator Beverldge, to In
vestigate conditions. A partial report
of the -resolutions committee was then
made.
Six resolutions were rsad and adopt
ed. Among them was one indorsing the
bill lntroducel by Senator Culberson, of
Texas and now pending in the United
States Senate, for the relief of ship
pers from the poor service of railroads.
Another resolution asks that Congress
prohibit the railroads from advancing
rates except with the consent of the
Interstate Commerce Commission.
The tirst business of the afternoon
was the report of the committee on
credentials. It showed that 33 asso
ciations were represented by 580 votes.
The report was approved without dis
cussion. For and Against 'Leasing.
The question of leasing public land
for grazing then came up In the re
port of the committee on resolutions.
The, majority report favored the pas
sive of Senator Burketfs bill with cer
tain amendments made by the commit
tee. A minority report was made by
Isaac Baer, of Meeker, Colo., who of
fered a substitute opposed to every
" form of leasing public land and In
dorsing the stand taken by the con
vention of the Colorado Cattle and
HorseKrowers' Association.
The most important amendment to
tlie Burkett bill by the committee pro
vides a muxlmum grazing fee of 4 cents
per acre and a minimum of one-half
cent per acre. The amendment re
garding the movement of livestock
across public land was referred to the
committee on fencing rights.
Rlglits of the Homesteader.
Kli Ammons, of Colorado, led the at
tack on the majority bill. He said that.
If I ho bill became a law. It would pre
vent settlers from taking up home
steads. This position was taken by all
those who spoke in favor of the minor
ity report, while those who spoke In
favor of the majority contended that
the Burkett bill provided an easy man-'
ncr by which homesteaders could as
readily take up public laud as they
can under the present laws.
Tlie debate was continued for two
hours and was closed by B. F. Mont
Komery, of Colorado, against the leas
ing system, and by S. H. Cowan, of
Texas, In favor of the system. Mr.
Montgomery said that there was a
"Joker." which to all Intents and pur
poses would prevent homesteaders from
ever securing homes on the public land.
Mr. Cowan denied" the existence of a
"Joker." He explained the bill fully
and had the committee with him.
The vote on the substitute, which
was against the report of the majority
of the committee, was 326 for and
3fcSij atralnst. The report of the com
mittee was carried by a viva voce vote
Rnd the convention adjourned until tomorrow.
PLANS ROADJO THE COAST
Chicago & XorLhwestern Railroad to
Build Westward.
BUTTE. Mont, Jan. 12. The Chicago
A Northwestern Railroad proposes the
extension of Its system from Belle
Fourche, S. D., to Miles City, Mont, and
west on to the faclllc Coast
While none of the officials now In the
city would state that their visit had
anything to do with the contemplated
extension, the trip through the North
west is very closely connected with it
Thoee In the party are EM. Brigham,
general sreignt agent; c. A. Cairns,
general passenger auent. both, of the
Northwestern; E. B. Obern, general
freight agent, s-t. Faul and Omaha: G
K. McB.ee, general passenger agent of
the same road, which is part of the
Northwestern system. The Northwest
ern completed its line to Belle Fourche
the last year. Surveys have been com
pleted to past Miles City, and ties and
ienl sufficient to build to Miles City
nave been collected at Belle Fourche.
pected absence in Europe of C. A. Sever
ance, one of the special counsel for the
Government.
He added that Mr. Severance has now
returned to the United States and will
be in Washington within a few days, as
also will be Frank B. Kellogg, the
other special counsel, when they arrive-
the Attorney-General will have a
consultation with them, after which an
authorized statement will be made to
the public.
MXIDK OX HARRIMAX MERGER
Announcement of Proposed Suit
AMU Soon Be Made.
WASHINGTON. Jan. 22. With refer
rnoe to the contemplated suit against
fj. n. Harriman by the Government.
questioning the legality under the anti
trust act of the purchase by the Union
Pacific of the controlling interest in
the Southern Pacific and other railroad
lines alleged to be In competition with
the Union Pacific, Attorney-General
Bonaparte said today that when
brought the suit would be based on
the report of the Interstate Commerce
Commission of last July, in which the
details from the alleged merger were
given.
He said that after the report had been
made, the subject of It had been discussed
at a conference held at the Whito House
when the entire matter was referred to
the Department of Justice for considera
tion and investigation and that early In
last December, action was determined nn
but was delayed by reason of the unex-
RAILWAY ACCIDENTS INCREASE
Report Shows 2 3,0 63 Casualties
During Three Months. .
WASHINGTON, Jan. 22. Startling fig
ures appear In the accident bulletins
issued by the Interstate Commerce Com
mission covering the months of July,
August and September, 1907. The report
shows that the number of casualties on
railroads during the quarterly period
were 23,063 including 1339 killed, and 21,724
injured.
. This is an increase of 157 In the killed
and 3056 in the number injured, as com
pared with the corresponding period of
Collisions and derailments In the quar
ter numbered 4759, including 2245 collisions
and 2034 derailments, of which 320 col
lisions and 222 derailments affected pas
senger trains. The damage to cars, en
gines and roadway by these accidents
amounted to $43,605,696. This shows an
increase in the number of collisions and
derailments of 607 over the corresponding
period of 1906.
Must Argue on Both Sides.
CHICAGO, Jan. 22. A peculiar situa
tion developed in Judge Landis' court
yesterday when the Atchison, Topeka
& Santa Fe rebate case was called for
the consideration of motions. Delay in
the argument of the demurrer was asked
until February 3, by C. Le Roy Brown for
the railroad, on the ground that his law
partner, Charles B. Morrison, is taking
testimony in the Standard Oil case as
Special Prosecutor for the Government.
Mr. Morrison is the predecessor to Ed
win W. Sims as United States District
Attorney in Chicago. He has been em
ployed as special counsel by the Govern
ment for two years and has taken an
active part in the prosecutions of the oil
company. Many of the questions of law
which Mr. Morrison has argued in be
half of the Government are involved in
the railroad rebate case. In which the
lawyer will appear for. the defense. It
places Mr. Morrison in the humorous
light of arguing against himself In cer
tain contentions.
Must Charge Reasonable Rates.
LINCOLN, Neb., Jan. 22. Attorney
General Thompson today asked the Su
preme Court for a temporary Injunction
to restrain express companies of Ne
braska from charging rates In excess of
those prescribed by the Sibley act. This
statute provides for a 25 per cent reduction.
ATTEMPT TO INVADE HAYTI
Government Declares Steamer Vor
tegren a Pirate Vessel.
PORT AU PRINCE, Jan. 22. The
steamer Vortegren, which sailed from
St. Thomas January IS with General Fir
man and a score of other exiled revolu
tionists on board, has made several at
tempts to land them on Haytian soil.
The Haytian government has declared
the Vortegren a pirate and . has called
upon all friendly nations to consider-her
as such and attack her.
Send Paducab to Haytl.
WASHINGTON. Jan. 22. The Navy
Department has decided to send the gun
boat Paducah, now at New Orleans, to
Haytian waters during the revolutionary
troubles, instead of the cruiser Des
Moines, as first intended.
RICH SUCCEEDS GLASIER
Latter Resigns as Treasurer, but
Denies Charges.
DETROIT, Jan. 22. The News an
nounces that State Treasurer Frank P.
Glasier today forwarded to Governor
Warner his resignation, accompanied by
a communication denying in detail the
Governor's charges against him of mal
feasance In office.
Warner tonight announced that ex-Gov-Warner
tonight anonunced that ex-Governor
John T. Rich had accepted an ap
pointment as State Treasurer to suc
ceed Frank P. Glasier, who resigned today.
GRAFTER S DISMISSED
Disgrace Falls on. Gurko for Rob
bing Famine-Stricken.
ST. PETERSBURG, Jan. 22. Assistant
Minister of the Interior Gurko has been
dismissed from the office as the out
come of the IJdval grain scandal. M.
Gurko, it was charged, made an illegal
contract with Lidval to supply grain
to the famine-stricken provinces and "ex
ceeded his authority" in advancing him
money. .
Since the case was taken up by the Sen
ate Gurko twice tendered his resigna
tion, but the premier refused to accept
It. His prosecution was recommended by
the famine commission early last year.
DECLARES FOR SOCIALISM
British Labor Party Adopts Resolu
tion With Enthusiasm.
HUti, England, Jan. 22. The dele
gates to the congress of the Labor Party,
now in session here today, passed a mo
tion declaring Socialism to be the definite
object of the party. Delegates repre
senting more than 500,000 members of the
party advocated this resolution, which
was passed amid a scene of the greatest
enthusiasm.
BOILING WITH HUGE
Socialists Curse Critic in Ger-
man Reichstag.
MENACED BY CHANCELLOR
Chicago Bank Suspends.-
CHICAGO, Jan. 22. The private, bank
of A. C. Tisdelle suspended payments to
depositors today. A call was sent to
police headquarters for officers to quell
possible disturbances around the office,
but there was no trouble of any kind.
A notice was posted on the door of the
institution early today declaring -that the
bank had made an assignment for the
benefit of its creditors, to Charles A.
Post.
The liabilities are given as $73,900 and
the assets as J96.S00. ,
Of the liabilities, 1 61, 600 4s due to depositors.
He Rouses Tumult by Threat of
Stern Measures and Conserva
tive Starts Cyclone by Taunt
ing Them With Cowardice.
BERLIN, Jan. 22. Chancellor von Bue
low refused .categorically In the Reich
stag today to reply to a Socialist Inter
pellation on the subject of "Prussian
suffrage." This precipitated a deafening
uproar from the ipembens, during which
all the Ministers left the House. The de
bate was then continued before the half
empty benches.
Trouble with the people had been ex
pected, particularly in view of the street
disorders of yesterday, and in order to
be prepared for a recurrence of en
counters between the police and popu
lace, the buildings of Parliament were
surrounded with a strong guard of po
lice armed with pistols and sabers.
Furthermore, the thoroughfares of Ber
lin are being patrolled constantly by po
lice, both mounted and on foot
The interpellation was very skilfully
worded in order to bring it within the
official authority of the Reichstag. It
was framed as follows:
"On what ground does the Chancellor
consider manhood suffrage, as already
granted for the elections to the Imperial
Parliament to be harmful to the interests
of one of the Federal states?"
Threatens the Socialists.
Prince von Buelow opened tne
Reichstag proceedings by a warning
against further manifestations, which he
declared did not affect the government in
the least degree. He threatened, amid
ironical cheering from the Socialists, that
the leaders and organizers of all demon
strations would be dealt with severely.
The Chancellor trembled with indigna
tion when he referred to the recent street
manifestations, which he declared had
been introduced in the Capitol. He stig
matized them as being detrimental to thi
country and he looked directly at the So
cialist members when he announced that
the organizers would be held responsible.
He was compelled to pause for several
minutes because of laughter from the So
cialist benches.
Herr Fischer, Socialist, In the course
of a speech, accused .the police of infa
mously utilizing the services of detectives
who mixed with the demonstrators and
led In the cries and singing, thus creat
ing cause for the Intervention of their
uniformed comrades.
Keth Raises a Storm.
Herr Keth, Conservative, aroused an
uproarious tumult among the Socialists
when he asserted that the leaders of that
party were most prominent by their ab
sence from the streets during the demon
strations which they bad misled others
to undertake, even advising the partici
pants to take their wives and children
with them as protection against the po
lice. Cries of - "vagabond, slanderer, liar,
scoundrel and hypocrite," greeted Keth.
The tumult lasted for several minutes.
During it Herr Bebel, the Socialist lead
er, advanced to the tribune and said to
Keth:
"You miserable rascal," while Herr
Stadtgen, Socialist Democrat called him
a "vagabond" and "police spy." The
president of the house made vain at
tempts to restore order. Amid cries of
"get down from the tribune." Herr Keth
concluded his remarks by saying:
"I propose an encounter with Herr
Stadtgen at which the police shall not be
present."
Northwestern People in Xew Xork.
NEW YORK, Jan." 22. (Special.)
Northwestern people registered at New
York hotels todav as follows:
From Seattle G. W. KIrske, at the
Wellington: T. J. Gorman, at the Marl
borough; I. R. aingerman, at the Prince
George: C F. Huber. at the Wood
stock: E. Wieve and wife, at the Bel
vldcre; Mrs. L. A. M. Howe, at the Flor
ence.
From Tacoma-J. Whitney ft
Imperial,
John B. liarkln, Pittsburg.
PITTSBURG, Jan. 22. John B. Larkin,
Controller of Pittsburg, and formerly
Postmaster, was found dead in bed at
his home today. Death was due to
asthma.
Harvard's Oldest Alumnus.
BOSTON, Jan. 22. Charles Alfred
Welch, an attorney of this city and the
oldest living graduate of Harvard Uni
versity, died at his home in Newton to
day, aged 93 years.
Charles E. Damaron, Painter.
PARIS. Jan. 22. Charles Emil Dama
ron, the landscape painter, died today.
Princess na Arrives,
VICTORIA, B. O.Jan. 22. Princess
En a, built for the Canadian Pacific Rail
way Coast steamship service, specially
designed as a freighter for local trade
by V. Grayson and Sons, of Liverpool
reached port today, eighty-three days
from the Mersey.
"Every
Man Is
Entitled
to his century" says Sir
James Crichton
Browne, the British sci
entist. The foundation of
long life begins in the'
child. proper feeding
and the . early cultiva
tion of a normal appe
tite for
FOOD that NOURISHES
brain and nervous system-controllers
of all
the organs
Grape-Nuts
"There's a Reason"
,Read "The Road to Wellville" in pkg
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SIXTY-THIRD YEAR
New-York Life Insurance Go.
346 BROADWAY
NEW YORK
To the Policy-holders:
I submit below a condensed Ba'ance-Sheet, based on market values December 31, 1907, showing the
Company's condition on that date. ...
Perhaps in no other year of its history have conditions existed which enabled the Company to serve its policy
holders so widely and so directly. The following facts show, in a general way, actual cash paid to beneficiaries,
loaned to and paid for policy-holders and invested for the security of contracts:
' Paid to beneficiaries under 8,931 policies which matured
by death of insured . . . . .. ... . ... . . $22,761,594
Paid to holders of 2,354 Endowment policies which ma
tured during the year 5,802,736
Paid to 2,423 Annuitants 1,774,484
Paid to owners of policies surrendered to Company . . 11,810,853
- Paid premiums for policy-holders out of surrender value 21,843
Paid dividends in cash to policy-holders .... . . 4,710,461
Paid premiums for policy-holders out of dividends . . 1,166,892
Direct cash benefits to policy-holders, over . . . . . . . ..... $ 48,000,000
Paid to 81,000 policy-holders in loans on the security of their policies
5 and without fee or charge, over . . . . . . 27,000,000
Paid for investments to cover increase in legal reserve ... . . . 28,000,000
Total Direct Benefits, Loans to and payments for policy-holders and
Increased Reserves, over . . . . $103,000,000
As evidence of the efficiency with which your Trustees and . the Officers of the Company have discharged
their duties I invite your attention to these additional facts: . jagg- 1907
Rate of interest earned on total mean investments in Bonds 4.16 4.24
Rate of interest on Bond investments of the year ... . 4.02 4.34
Rate of income actually realized on Real Estate owned . i 4.85 5.03
Rate of income actually realized on Real Estate mortgages . 4.44 4.55
Dividends to be paid in 1908 . ............ $6,200,000
The Company is sound in every part: That it retains the confidence of its members and that its assets are of
a high order is conclusively shown by the fact that its cash income during 1907 was over $102,000,000.
It is efficiently serving directly one million people, indirectly probably five millions, resident in every country
of the civilized world, it could with increased economy and. mutual advantage better
serve directly two millions of people arid indirectly ten millions.
As one of the forces in society which foster self-respect, cultivate providence, prudence, and responsibility it
ought, in common with all kindred movements to be allowed unlimited opportunity, under full publicity. At the
present time this Company is by the state limited in its efficiency, limited in its usefulness, and limited in the provis
ions which it may make for the security of your contracts.
In 1905 the membership of this Company was disturbed and alarmed by revelations in life insurance, revela
tions which led directly to legislation by New York and by other States. It is impossible now to correct any of the
misstatements, misconceptions and misunderstandings of that time; it is too early to attempt to justify either men or
companies. Time will do that. But you then asserted yourselves through the force of public opinion, a force
against which no' man or any body of men can stand for any length of time. Life insurance as a whole was purified.
The sections of the Armstrong laws which demand publicity, compel economies, insure care in investments
and protect you against improper transactions with your funds, have aroused a high sense of Trusteeship. They
have benefited not only life insurance but all corporate life', and not a line of those sections should be repealed.
- But there are other sections which are dangerous and reactionary. They have already checked the growth
and progress of life insurance. This is a national calamity. -
The Companies of New York State, which for some years prior to 1905 added about $500,000,000 a year to the
volume of outstanding insurance, will probably record a large loss in 1907. In 1906 these companies lost $150,000,000.
In other words the laws have gone too far. Reform was necessary; but reform
discredits and endangers its own achievements when it writes vicious and danger
ous principles into the statutes of the State.
Against such legislation and against such results you ought now to assert yourselves through public opinion as
emphatically as you did against evils in management in 1905. Your personal interests demand it, your duty as citi
zens who instinctively rebel against laws which open the door to paternalism and socialism also demands it.
Some of the laws which menace your interests and are the product of a false theory of statesmanship are:
1st. Section 87 (New York State Laws). This limits the free surplus a company may
hold. The shrinkage in securities within twelve months represents a wider fluctuation by nearly two
to one than the margin the law intends the companies to have for contingencies. The section is danger
ous and should be repealed..
2d. Section 83 (New York State Laws). This has substantially. put an end to the issue
of insurance on impaired lives, a branch of the business which up to the enactment of these laws was
perhaps unsurpassed in real usefulness. The section should be amended.
3d. Section 97 (New York State Laws). Under this law the State has undertaken to
manage the details ot business, introducing a vicious principle into legislation. Seeking to prevent
extravagance the law prevents growth. ' The section should be amended.
4th. Section 96 (New York State Laws.) Tins law reverses the present struggle against
combinations in restraint of trade, and directly restrains competition by arbitrarily limiting the output of
life companies, even when that output is legally issued and is of unquestioned value to the State. The
v section should be repealed.
5th. Sections in the Laws of nearly every State in the United States
imposing an income tax on life insurance alone and hot on any other interest or business thus raiding
trust funds, penalizing prudence and thrift, and unjustly discriminating against property dedicated to a
sacred use.
This Company is not merely a corporation, something apart from you. It is yours, your property to defend
and protect.
The menace to life insurance just now isnot in management, but in legislation.
The people have been vigilant and effective against the former; the time has come for them to exercise their rights
and their authority against the indefensible, aggressions of the latter. '
A pamphlet giving full information about the condition of the Company at the close of 1907 will be forwarded
on request to any policy-holder or any other person interested in life insurance. ,
. Further information about existing laws which are restrictive and dangerous, or about laws proposed from time
to time in different legislatures threatening your interests will be gladly furnished, and inquiries regarding such
measures are solicited. , '
New York, January 15. 1908. , DARWIN P. KINGSLEY, President.
Balance Sheet, December 31, 1907.
.. ASSETS t - LIABILITIES
1. Real Estate $12,821,861.05 1. Policy Reserve5 $432,872,357.00
2. Loans on Mortgages 50,217,704.06 2. Other Policy Liabilities .... 5,890,977.35
3. Loans on Policies . 73,236,951.23 3. Premiums and Interest prepaid . . 2,311,879.23
4 Loans on Collateral 900,000.00 4. Commissions, Salaries, etc. . . . 171,141,73
5. Bonds (market vals., Dec. 31, 1907) . 334,979,519.85- 5. Dividends payable in 1908 . ... 6,200,938.18
6. Cash. . ... . ..' 9,271,727.31 6. Additional Reserve on Policies . ; 2,791,558.00
7. Renewal Premiums 7,487,691,41 7. Reserve for deferred Dividends . 35,863,716,00
8. Interest and Rents due and accrued . 5,593,352.96 8. Reserve for other purposes . . 8,306,240.38
' $494,408,807.87 ' $494,408,807.87
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