Titusville Herald |
Previous | 1 of 12 | Next |
|
small (250x250 max)
medium (500x500 max)
Large
Extra Large
large ( > 500x500)
Full Resolution
All (PDF)
|
This page
All
|
Loading content ...
THE TITUSVILLE HERALD. VOLUME XII. TITUSVILLE, PA,, OCTOBER 26, 1905. NUMBER 9. MUTUAL LIFE HELD UP BY TNE INVESTIGATORS NEWSPAPER MAN SMITH SENT OUT FAVORABLE COMMENTS. HE 18 EMPLOYED BY MUTUAL. Said That HI* Telegrams Cost the Company $1 Per Line; If P8ftt8lt-' lady Hot Stuff, $2 Per Line. - NEW YORK, OcL 24.—At the session today of the legislative committee Investigating Insurance companies, the affairs of the Mutual Life Insurance company were under consideration and it was brought out that this company was paying for the dissemination throughout the country of reports of this Investigation that were favorable to the company. Charles'J. Smith, a newspaper man, was the witness. He is employed by the Mutual Life Insurance company to do a large number of things, but a month ago was placed in charge of sending out tbese reports. Mr,- Smith had received a number of vouchers for tho payment of this work, and these, aggregated $11,000 with more bills to cdme in. He thought the amount to date would reach $14,000. ' Mr. Smith wrote these reports and submitted them to Allan Forman, who owns the Telegraphic News bureau, and $1 a line was paid by the Mutual Life for this service. Clippings from various papers about the country were shown to tbe witness and identified as the dispatches he wrote and sent to Mr, Forman. Tbese were sent to about 100 papers. But Mr. Smith did not know whether the papers were paid for inserting them. In one dispatch Mr. Smith wrote that Mr. McCurdy's attitude on the stand made a distinctly favorable impression and for this, he had to pay tt a line. This, he said, was Worth it. Following Mr. Smith, Walter Sullivan, who has charge of the magazine •advertising department, was oalled. He said the Mutual advertised in twelve ma.gas.ines last year at a cost of $42,- 000. ' Advertising in insurance papers cost about 109,000 more, but he could not. tell where tho remainder of tho i account of $32!).707, the amount oharged up to advertising last year, was spent. "Was it your purpose to give a ft_n account of Mr. Cromwell's testimony, or only such matters as you. thought necessary to counteract the injurious impression?" asked Mr. Hughes. "It was my intention to send out those portions that the Associated Press neglected to send out," replied tir. Smith. The witness said that he had sent nut jflve or six different dispatches during ihe Insurance investigation, each dispatch going to from- fifteen to one ' hundred different, newspapers. The selection of papers was generally left to Allan Forman. A dispatch clipped trom the St. Paul Pioneer dated Oct. 8, giving a part of the testimony of President R. A. Mc- Oury, was recognised by Mr. Smith. He did not. know what that Cost because the hill has not yet come in Clippings from the same dispatch from the Boston Herald, Toledo Blade, Buffalo Courier. Florida Tithes Union and the Atlanta Constitution, were shown to witness and In reply to Mr. Iinches he said he believed they were all paid for at the rate of tl a line. Witness said the. money had been paid to the Telegraphic News bureau. Tito last line of this dispatch read that President McCurdy's testimony created a favorable impression. Mr. Hughes inquired whether it cost him a higher price to get a dispatch inserted in the newspapers than if it had been acquired in an impartial way by those who furnish news to the newspapers. Mr. Smith replied that the matter be furnished was the truth and such matter as the policy holders would he pleased to read. It was important to let them know what the company had done for them.' John R. Hegeman, president of the Metropolitan Life Insurance company, was examined and when the adjournment was taken, this afternoon his testimony was unfinished. While lacking the startling features at tbe testimony of some of the other life insurance presidents who have testified, Mr. Hegeman's remarks and explanations were none the less interesting, especially his statement that $876,- 000 was given to the industrial policy holders of his company last year, without Any obligation whatever. Mr. Hegeman farther said that in eight years his company had voluntarily given to Its policy holders 18,000,000. This was in extended insurance, mortuary dividends and liberalized policies during epidemics, floods and fires. It was brought out that while the company carried collateral loans throughout the year, none appeared in the annual report on Dec. 31. This was explained by the witness, who said that all collateral loans were transferred on the last day of the year to Vermilye & Co., the bankers, under an agreement and were brought back again in January. This was done, according to tbo Witness, to avoid the horde of applications for call loans from the Wall street district. Mr. Hegeman did not encourage the call loan business from this section, because it entailed keeping a ticker in his office, and he would not have one there. He further did not care to have his company known as a loaning company. The large loans at such a low interest as 1% per cent., especially the- one to President John A. McCall of the New York Life Insurance company, were taken up and Mr. Hegeman spoke strongly of his friendship for Mr. McCall, who, he said, was closer than any Other man to him in insurance business outside of his immediate associates. BRYAN AND TOGO MEET. TOKIO. OcL 24.—William J. Bryan was present at the reoeption today in honor of Admiral Togo. The mayor Introduced Mr. Bryan to the admiral. An exchange of cordial sentiments followed; The admiral was delighted at ■ the unexpected presence of Mr. Bryan. CRIMINAL PROCEEDINGS ARE BELIEVED POSSIBLE, Bank of Pittsburg flnri Enterprise Bank's Reports Didn't Tally. PITTSBURG, Oct. 24,—At a late hottr tonight It was learned that Bank Examiner John B. Cunningham, while making an examination of the Bank of Pittsburg found a discrepancy between the reports made to Comptroller of Currency Ridgley by tne Bank of Pittsburg, and the Enterprise National -teftk of Allegheny which led to the closing of the latter institution, f A<Wfffc fittorney Oeneral Hoyt has directed United States District Attorney John M. Dunkle to make a thorough investigation hito the affairs of the Enterprise National bank with a view to criminal proceedings if the evidence warrants such a course. Mr. Hoyt's order means that all the papers and other evidence in the possession of Bank Examiner Cunningham will be turned Over at once to United States District Attorney Dunkle and that from now tiie legal representatives of the federal government will have charge of the case. Notwithstanding the fact that mall and telegrams continue to arrive at the Hotel Lincoln for Comptroller Ridgley, He has not yet arrived in the city but is expected soon. . ■ftiftafei'ver tor the Allegheny Mattress and Spring Bed oompany, of which J.. Lee Clark, late cashier of the Enterprise National bank of Allegheny was pi?£Mffl&_t, was today applied for by Attorneys Trimble and Chalfant for W. F. Trimble & Sons company, the largest creditors and stockholders of the companV. The petitioners state that although a money making concern, capitalized at $120,000 and with plenty or orders, the tragic death of its president, Mr. Clark, has damaged the company's credit, making working capital hard to obtain. Walter Lyon. Esq., counsel for the Pennsylvania Development company hnd the Santa Fe Central railroad, gave out the following statement tonight: "There was furnished to me today a statement by National Bank Examiner 3. B. Cunningham regarding the Indebtedness of the companies I represent in the Enterprise National bank. The Santa Fe railroad owes nothing. The indebtedness of the Pennsylvania Development company amounts to about $58,600, which is secured Jby the indorsement of Francis J. Torrance and Arthur Kennedy. Mr. Torrance owes nothing. There is a small note of Mr. Kennedy's for an amount less than $1,000." ENTERPRISE SHORTAGE SHRINKS CONSIDERABLY. It May Be Much Less Than Was First Reported—State Security. PITTSBURG, Oct. 24.—It is believed that when Receiver Cunningham of the Efiterprise National bank makes known Jii's- report the bank's loss will |be considerably" less than a million dollars, as was first reported. This diminution of the shortage, lt ls said, has beep brought about by the payment of many of the notes and the obligations in possession of the bank when it closed may never be known. There is still talk that legal proceedings in connection with the bank's affairs will be taken, but in what form they, will be instituted has not developed. It is said the directors will not flgbt the action of the state treasurer in recovering on their bonds protecting the state fund of over a million. EQUITABLE TRUSTEES ARE SEEKING ADVICE. Ask Policy Holders' Views on Methods of Selecting Directorate. NEW YORK, Oqt. 24.—Grover Cleveland, Morgan J. O'Brien and George Westinghouse, the stock vot* ing trustees In tho Equitable Life Assurance society, today sent out through the secretary, George F. Parker, circular letters to all the policy holders of the society asking for suggestions as to the selection of the thirteen directors to be chosen by the president. The circular announces that the next annual election of directors will be held at the offices of the society in New York at noon on Wednesday, Dec. (i, when the trustees will vote for tho thirteen directors, of whom seven will be taken from the policy holders. DIRIGIBLE BALLOON. TOUL. France, Oct. 24.—Minister of War Berteaux participated today tn the most successful trial of the Lebaudy military dirigible balloon. Accompanied by a number of officers he made a half hour trip in the balloon and re- connoitered the whole range of fortified works and the city. CITY IN DARKNESS. TOULON, France, Oct. 24—This town is in total darkness tonight owing to a Strike of the gas workers. The gasometers are guarded by troops and the authorities have telegraphed to Lyons and Marseilles for workmen to replace the strikers. DIDNT FIND MONEY. "HARTFORD,* Conn., Oct. 24.—Pinkerton detectives again visited the home of Mrs. Cunliffe, wife of the Adams express robber, in Bast Hartford today in an attempt to snd the $10,000 which it is alleged Cunliffe has said he gave, to his wife. Mrs. Cunliffe declined to he interviewed by the detectives, saying that she was too ill. TEXA8 OIL ADVANCED. BEAUMONT, Tex., Oct. 24.—An advance in the price of oil was posted by the Texas company today as follows: Sour Lake, 41 cents; Saratoga, 85 cents; Batson, 84 cents; Humble, 3K cents. The price for Humble oil represents the highest since the field opened. ND CLARK INQUEST. PITTSBURG, Oct. 24.—There will be no inquest held on the suicide of Cashier Clark, the coroner stating that under a recent decision of the superior court an inquest ls unnecessary. ROOSEVELT WELCOMED IN ALABAMA^ TUESDAY. QREAT CROWDS GREETED HIM AT OOLORED SCHOOLS. FINE GREETING AT BIRMINGHAM. The Day Waf Crowded With Events of Interest and Marked Enthusiasm Prevailed Everywhere. BIRMINGHAM, Ala., Oct. 24.— President Roosevelt concluded a strenuous day in Alabama by a tWo hours' viait to Birmingham, where his reception, in keeping with those g-VfSK^jftiiii at Montgomery and Tuskegee, was hearty and soul-stirring. His day jbeJ gan at 7 o'clock, when the special train left Montgomery for Tuskegee. Vttrits to the Tuskegee Normal and Industrial institute and to the Methodist Feiniai college were crowded Into a little less than two hoars. The noon hottr had just arrived when the executive stepped from his car in Montgomery. Here he spoke to a great thfofig under the shadow of the Confederacy's flrst eapitol and was on his way again sharply at 2 o'clock. A few minutes before 5 the President Was the guest of Birmingham and until his train lefL at 6:45 p. m. on the night run to Little Rock the President was cheered at every turn. The day was unmarked by any special incident save at Birmingham. Here, at the corner of Fifth avenue and Twentieth street, an intoxicated man in his excitement dropped a* pistol from his pocket on the pavement. The President saw th*: Incident and called the attention of officers to the man, who was immediately arrested. The President's train arrived in Bir mingham promptly on time. Mayor Oeorge B. Ward, Surrounded by a reception committee, delivered the formal address of welcome at the station and immediately afterward the party entered carriages and began the march to Capitol park, eight squares distant. The Parade was along North Twentieth street and the line of march was packed with humanity. Rows of incandescent lights t he full length of the street made the scene all the mbru| brilliant as evening came oh. The ovation fo" the President was continuous and he stood in his carriage the wholfc way acknowledging the outbursts of enthusiasm. A pretty incident at the close, of the march was when the President asked the name Of the lady riding at the side of his carriage. Miss Sammle Harris was sponsor for Troop D, one of the local cavalry organizations. The President was introduced to her by Mayor Ward and as he reached over to shake her hand he crowded the mayor. jjEg- cusipg himself, ho said: ...■ '^ I. ;*"r Would' run over a man any time to shake hands with a lady." At Capitol park, under the glamor 6T thousands of electric lights, the party entered the speakers' stand. General Rufus N. Rhodes, editor of the Birmingham News, welcomed the President on behalf of the citizens of Birmingham. From Capitol park the party went tpt Third avenue and Twentieth street acrif boarded a speoial electric train and proceeded to the Alabama State fair grounds. At the grounds the1 President was introduced by T. H. Molton, president of the Birmlngnam Commercial club. The crowd at the fair was also enormous and greeted the President enthusiastically as he rose to speak. PRESIDENT AT TUSKEGEE MADE A SHORT SPEECH. The Same Brilliant, Logical Effort Captivated the Large Crowd. The President spoke as follows at the female college: "Mr. Mayor, Friends and Fellow Amer icans: "It is indeed a peculiar pleasure to be here this morning and to be greeted as you have greeted me. I feel that those gathered here to greet me symbolize what we most like to think of as a typical American and our national life. Wben you brought me here, Mr. Mayor, I was met on the platform by the pastors of the Methodist and Baptist churches in tbe shade of an institution of higher learning in the presence of these students and children of the public schools. At the same time I see the industries of the nation typified both by cotton be* ing picked as I came up and also by the fact that I am speaking on the most valuable platform I have ever spoken on, and finally I have as guard of honor members of the National Guard,' who, as I look at them, I feel are my own comrades, for they arf- just the type I had In my own regiment in the Spanish war. These elements, as I say, typify what we hope and believe are the elements representing what is most vital in American life; the deep religious feeling of our people, the understanding of our people that material prosperity amounts to nothing if behind it and under it there is not the spiritual sense, the sense of moral obligation, the fealty to ideal, the realization that in addition to that you must have as the foundation of national prosperity, industry, energy and thrift. "I want to say that nothing oonld have pleased me more or touched mo more than just this kind of recbptlbn today, coming as I have tbrough your beautiful town, with the roomy, spa- clous streets and tbe great trees, and being greeted by this assemblage of those whom I am proud to honor as my fellow American citizens. TIONESTA MAN TAKEN . TO OIL CITY HOSPITAL. Death of Wealthy Ohio. OH Man, For- ' mdrly of T Id lent.—Tionesta News, TIONESTA, OOt. St.—(Special)—0. F. MUes has moved his family to Fa- gundus for the winter to be nearer his oil operations. [ Mrs. C. A. Randall and Mrs. S. S. Hulings are visiting Mrs. Randall's daughter, Mrs. Harvey G. Kiser, in Wilkinsburg, Pa., for a few weeks. Miss Florence J. Thomas of Blsmere, Delaware, Is visiting at the home of her uncle, S. D. Irwin, Esq. Mrs. H. E. Neill. of Bradford, was the guest of her sister, Mrs. J. H. Derickson, over Sunday. J. F. Proper wont to the pil City hospital last; Wednesday to receive treatment for his leg, whicii he cut with an ;i x three weeks ago.' The wound refused to heal properly and has been giving him a great deal of trouble. Born to Mr. and Mrs. Charles Killmer Oct. 24, at daughter. Married, in Nebraska. Pa., Oct. 32. by fter. W. 0. Calhoun, Gilpin D: Small ' and Miss Sarah Kerr, both of Nebraska. Edward Heibel, a former busiuess man of Tionesta, bttt now of Warren, was transacting business here Tuesday. * Mr. and Mrs. Alfred Lamb, of Pleasantville, were guests of Mr, and Mrs. S. D. Irwin over Sunday. Mr. and Mrs. J. F. Sheasley of Kittanning, are guests for two weeks of Mrs. Sheaslcy's parents, Mr. and Mrs. J. G. Carson, of West Hickory. Mrs: W. 0. Imel and little daughter, Helen, spent Sunday with Mr. Imel, the Pennsylvania railroad agent here, and- on Tuesday he was summoned to his(home in Tidioute by the news that hiSTttMe girl had beon severely burned. During the temporary absenoe of the tadt-ier from the house the child's clothing caught flre from a gas stove and she was seriously burned about the body and arms. Misses Inez Browneil, of Warren, and Ella Browneil of Corry, spent Sunday with Misses Lizzie and, Delva Randall. ; Mr ..and Mrs. A. H. Gallup and daughter, Katherine, of Youngsville, were guests of Mrs. Gallop's mother, Mrs. H. W. Horner over Sunday. Mr. and Mrs. G. E. Gerow returned Monday evening from a trip of three weeks to the Pacific const. They were 'Visitors at the exposition at Portland, and also Tacoma. Seat lie, Vancouver, Victoria, St. Paul ana other large cities, andi report a splendid outing. George W. Osgood, of this place, can, easily lay claim to being the champion lice tree 'hunter of this vicinity. Up to date he has located nine trees and in one of these he found Over eighty pounds of honey. James G. Carson and son, Fred, of West. Hickory, went to, Fyidlay, O., Monday to attend the funeral of Mr. Carson's brpther-ln-law, James W. KiJikhride. Mr. Kirkbride was oneJof iFlndlay's prominent and wealthiest oil operators. He had extensive holdings in Ohio', Indiana and the Osage nation. He was formerly a resident of Tidioute. His death occurred Sunday after an operation for the removal of a tumor from tho brain and the funeral was held to-day. He is survived by his wife, two sons and one daughter. Joseph A. Starner, a former resident of German Hill, Tionesta township, was instantly killed in .a shooting accident at his home near Kane, Pa., las: Saturday. He had placed a double- barrel shot gun against a? pile of cord- wood, and ono of the"sticks fell against the weapon, discharging; • botb barrels into his side. He removed to Kane about a year ago. He was a veteran of the civil war, aged about 70 years, and leaves a wife and several children. An argument court was held lost Thursday and the following is the most important business transacted: In the case of McChesney vs'. Brown & McManlgle, a new trial was granted the defendants, and the case wilt again come up at the November term. At the September court McChesney secured a verdict for $1,376.58. In tiie pure food case of W. P. Crouch and A, M. Van Horn, the former made no further contest and paid a fine of $50 and costs, and the court took the papers m the latter case and will give decision later. In the cose of F..R. Lanson vs. H. E. McKinley and Joseph McKinley, judgment, the court ordered a trial by jury. Margaret Henry, a three months old childi was legally adopted by W. W. Carson, of West Hickory. It LIFE SAVING CREW I GIVEN FAKE_ MESSAGE. CAPTAIN JAN6EN AND MEN OF ERIE VICTIMS OF j MALICIOUS MISCHIEF MAKER. They Scoured the Water for Hours in Fierce Gale, Searching for Mythical Distressed Vessel. 1 ERIE, Pa., Oct. 24.—There was great excitement in Erie today and up until a late hour this afternoon over the reported loss of Captain Andrew P. Jansen and his life saving crew of eight men. The men left here at 11 o'clock last night in their largest lifeboat, in answer to ft call from North East, sixteen miles east, to the effect that a vessel was off that port flying a signal of distress. There was no one left at the station except families of the men Early this morning it became known that the men were gone and had not returned and that when they left and for an hour and a half thereafter a thirty-five mile gale was blowing. Inquiries at tbe long distance telephone offlce here developed the fact that no message of any kind relative to a vessel in distress was received last night and that it must have been faked up in this city. For what purpose is not known. Messages were, also sent to every town and many farm houses between here and Dunkirk, and all reported ' that no vessel had been seen dying distress signals nor was there one in danger since the Mautenee was Wrecked five miles east of North East last Friday afternoon. The above reports and many others continued to increase the, fear that the men were lost and added greatly to the anxiety of their families until about ?,: 80, when Mrs. Jansen, the captain's wife, who had been scanning the lake all day with a powerful glass, saw the lifeboat returning in tow of the fishing tug Desmond.' Thero was great rejoicing in the six humble thougn very comfortable homes of the gallant life savers, not ono of whom was ever given too much credit for the hard and dangerous work he Is often called upon to do and wiiich he does most willingly. Captain Jansen stated after his rectum that he and crew had gone down the lake to the wrecked 'Mautenee. twelve miles east, and had found no vessel in distress. He cruised around until daylight and started for home. He could not use the sails, as there was no wind, and it was slow work trying to get back with the ns.rs. The men were all exhausted, affer; being out nearly seventeen hour? with no sleep and" nothing to eat Since supper time Inst night. Captain Jansen has ascertained that the lake message' came from North East and he has taken steps to prosecute the sender. SPRING CREEK. October 25. The 12-year-old son of Mr. Cornell died at the Corry hospital after a short illness and was brought to this place for burial-last Tuesday morning. A reception was held at the M. E. parsonage last Friday evening for Rev. S. E. Winger and wife. A very pleasant evening was spent. Miss May Patchen, of Garland, visited her brother Willie and wife on Friday. Mr. and Mrs. Claud Wea'a of North Tonawanda, N. Y., Mrs. Will Woodruff of Clarendon, and Mrs. Robert Patterson of Corry, spent Saturday with their parents, Mr. and Mrs. S. S. Wead. LEFT FOR CALIFORNIA. Frank A. Akin, for a number of years a valued employe of the Herald, left yesterday afternoon for Fresno, Cal., where he has accepted a position on one of the papers of that' city. Mr. Akin's father and mother live at Fresno, which is also the home of two of his brothers and where one of bis daughters is at present living. Mr. Akin's family remains in Titusville for the present tat will follow him later to the Pacific coast. ROOTVILLE. October 25. Cherries St. John had the misfortune to lose a cow by choking this week. Mrs, Eliza Buchanan has returned from a visit with her daughter who resides at Titusville. The latter came with her. Mr. and Mrs. Royal Thomas visited with relatives over Sunday in this place. The ladies aid socfety meets with Mrs. Fred Wellman Wednesday, Nov. 1, and will finish the Loyal Workers' quilt. Miss Alice Thomas left last week for Oil City where she intends to remain this winter. WHOLESALE PARDON. ST, PETERSBURG, Oct. 24.—The emperor today pardoned all the Japanese prisoners who, on account of infractions of the rules or attacks' on the guards and other officers were sentenced to imprisonment, in order that they may accompany their commands to Japan. 8TEUBEN. October 25. Mrs. William Preston of Townville, visited her mother, Mrs. William Hol- on one day last week. A. Borntrager: is building an addition to his house. -Mrs. Anna Gundaker■• and son Fred, returned Monday evening from a visit with relatives near Meadville. Mr. and Mrs. Charles Yingling are spending "a few days with relatives at West Freedom. Mr. and Mrs. William Welker of Rouseville, are guests of Mr. and Mrs. E. H. Andrews. Mr. and Mrs. E. G. Durfee received word lost week that tlieir son-in-law, L. A. Graham, of Franklin, Js 111 with typhoid fever. NEW OIL COMPANY. A number of Jamestown, N. Y., capitalists, who have faith that oil exists In that vicinity in paying quantities, are preparing to drill a well on the Anderson farm at Levant, Chautauqua county. Arrangme'nts have not been fully completed, but they expect to begin operations within two weeks. ERIE RAILROAD C00K8 BATTLE ON FAST EXPRESS. Andrew Porter, Badly Wounded, Is In Hospital—Assailant Taken. MEADVILLE, Oct. 24.—-(Special.)— Andrew Porter of East Orange, N. J., is lying in Spencer hospital, this city, in a serious condition as the result of a bullet wound received in a fight with. James Smith, assistant cook on Erie train No. 8. The fight occurred in the dining car of the train just this aider of Bharpsville at 1 o'clock this afternoon. Both men are colored. Porter used a cleaver and Smith had a revolver. In the mix-up Porter received a bullet in the right side of the neck near tbe base of the brain. He was brought to this city on the train and taken to the hospital, where tho physicians probed for the bullet, but without success. Smith's revolver was a .32 calibre. After the shooting Smith jumped from tbe train near Shenango but was captured by Chief of the Fire Department Keck and a Greenville patrolman and locked up. He will be given a hearing before Squire Miller of Greenville tomorrow morning on the charga of carrying concealed weapons- Should Porter's Injury prove fatal a more serious charge will be entered against him. Smith said that he had shot Porter in self-defense as he had intended to do him bodily harm with the cleaver. His stories are very contradictory and disjointed, however, and the police are Inclined to believe that there is another side to the affair. COUNTY INFORMATION OF THE ROYAL ARCANUM. Few Members of the Order in Meadville Have Withdrawn. MEADVILLE, Oct. 24.—(Special.) — The raise in assessments on members of tlife Royal Arcanum has created no serious trouble here as yet, but there is considerable complaint. This city has two councils, Meadville ■ and French Creek, and only about ohe dozen have dropped out of membership Each member over 66 years of age has had his monthly assessment increased to ?16.08 on a $3,000 policy. MRS. FRANCE3 C. MERCHANT. MEADVILLE, Oct. 24.—(Special.)—' The death of Mrs. Frances Chrplyn Merchant, which occurred Monday "Sf- ■ ternoon, removed from this life a faithful mother and a sincere Christian woman. Mrs. Merchant was the widow of Rev. Dr. Andrew J. Merchant, an old-time member of the Erie M. E. conference and at one time pastor of the M. E. church of Franklin.' The eldest daughter of the deceased Is Mrs, Emma, wife of Rev. James M. Woburn, a former pastor of Trinity M. E. churcb. Oil City, and now -pastor of Calvary M. E. church, Pittsburg. Mra. .Merchant was in the 70th year of her age. The-funeral-Services wero held this evening and, .the remains will be interred in Sheilango Valley, cemetery at Greenville tomorrow. LICENSED TO WED. MjEADVILLE, Oct. 24.—(Special.)— The following licenses to wed wero Issued today by Clerk of Courts H. H. Finney: Clarence S. Hiokern'ell of Venango and. Miss __ua E. Wolf dt Hayfleld. . WI. S. Lowe of Toledo, O., and Mrs. Lizzie Gehr of Conneatit Lake. '•Wayne W. Beard of Ambrldge, Pa., and Miss Etta Patter? on of Westford, Crawford county. MRS. EDWARD MOREHOUSE. MEADVILLE, »ct. 24.—(Special.)— Emma Gertrude, wife of Edward Morehouse, died this morning at her home in Hayfieldi township, aged about 40 years. With the bereaved husband is left five children. The funeral services will be held- at 12 m. Friday Jo the M. "'E. churcih at Little's Corners, Interment in tho Denny cemetery. A LONG ILLNESS. MEADVILLE, Oct. 24.—('Special.)— George Williams, oniy son of Sheriff John P. Williamn and warden of the Crawford county jail, who has been ill' with typhoid jfever the past seven, weeks, was. removed this afternoon from Spencer hospital to his home on Center street. He is still very weak. *+A**i*s*+*SV<e**»SsA*+/t/^ President, JOHN FERTIG. Vice President, 3. C. MeKINNEY. Cashier, F. C. WHEELER. :ESTABLISHBD 1865 Second Nationa XITUOVILX-JEC, PENN'A. Capital, . . $300,000.00 Surplus, . . $200,000.00 Total Resources Over TWO MILLION DOLLARS. We have the most complete banking facilities for meeting the requirements of all classes of people. Large Resources. Savings Department. Safe Deposit Vaults. Foreign Exchange Dep't. Interest Allowed on Time Deposits. Money Loaned at 5 Per Ct- on Approved Marketable Collateral SAFETY THE BEST POLICY. Dl RECTO RS- John Fertig, Louie K. Hyde, B. F. Kraffert, John L. McKinney, John L. Emerson, William Bayliss, W. J. Stephens, W. C. Warner, J. C. McKinney. f^A^^AMM^MA^^^^^^^WWWV^»Wy^^
Object Description
Title | Titusville Herald |
Contributors | Backstage Library Works |
Date | 1905-10-26 |
Original Format | Newspapers |
Type | text |
Digital Format | image/tif |
Source | Titusville |
Language | eng |
Rights | https://creativecommons.org/publicdomain/zero/1.0/ |
Contact | For information on source and images, contact the State Library of Pennsylvania, Digital Rights Office, Forum Bldg., 607 South Dr, Harrisburg, PA 17120-0600. Phone: (717) 783-5969 |
Contributing Institution | State Library of Pennsylvania |
Sponsorship | This Digital Object is provided in a collection that is included in POWER Library: Pennsylvania Photos and Documents, which is funded by the Office of Commonwealth Libraries of Pennsylvania/Pennsylvania Department of Education. |
Description
Title | Titusville Herald |
Contributors | Backstage Library Works |
Date | 1905-10-26 |
Original Format | Newspapers |
Type | text |
Digital Format | image/tif |
Identifier | Titusville_Herald_19051026_001.tif |
Source | Titusville |
Language | eng |
Rights | https://creativecommons.org/publicdomain/zero/1.0/ |
Contact | For information on source and images, contact the State Library of Pennsylvania, Digital Rights Office, Forum Bldg., 607 South Dr, Harrisburg, PA 17120-0600. Phone: (717) 783-5969 |
Contributing Institution | State Library of Pennsylvania |
Sponsorship | This Digital Object is provided in a collection that is included in POWER Library: Pennsylvania Photos and Documents, which is funded by the Office of Commonwealth Libraries of Pennsylvania/Pennsylvania Department of Education. |
Full Text |
THE TITUSVILLE HERALD.
VOLUME XII.
TITUSVILLE, PA,, OCTOBER 26, 1905.
NUMBER 9.
MUTUAL LIFE HELD UP
BY TNE INVESTIGATORS
NEWSPAPER MAN SMITH SENT
OUT FAVORABLE COMMENTS.
HE 18 EMPLOYED BY MUTUAL.
Said That HI* Telegrams Cost the
Company $1 Per Line; If P8ftt8lt-'
lady Hot Stuff, $2 Per Line. -
NEW YORK, OcL 24.—At the session today of the legislative committee
Investigating Insurance companies, the
affairs of the Mutual Life Insurance
company were under consideration and
it was brought out that this company
was paying for the dissemination
throughout the country of reports of
this Investigation that were favorable
to the company.
Charles'J. Smith, a newspaper man,
was the witness. He is employed by
the Mutual Life Insurance company to
do a large number of things, but a
month ago was placed in charge of
sending out tbese reports. Mr,- Smith
had received a number of vouchers for
tho payment of this work, and these,
aggregated $11,000 with more bills to
cdme in. He thought the amount to
date would reach $14,000.
' Mr. Smith wrote these reports and
submitted them to Allan Forman, who
owns the Telegraphic News bureau, and
$1 a line was paid by the Mutual Life
for this service. Clippings from various papers about the country were
shown to tbe witness and identified as
the dispatches he wrote and sent to
Mr, Forman. Tbese were sent to about
100 papers. But Mr. Smith did not
know whether the papers were paid for
inserting them. In one dispatch Mr.
Smith wrote that Mr. McCurdy's attitude on the stand made a distinctly favorable impression and for this, he had
to pay tt a line. This, he said, was
Worth it.
Following Mr. Smith, Walter Sullivan, who has charge of the magazine
•advertising department, was oalled. He
said the Mutual advertised in twelve
ma.gas.ines last year at a cost of $42,-
000. ' Advertising in insurance papers
cost about 109,000 more, but he could
not. tell where tho remainder of tho
i account of $32!).707, the amount oharged
up to advertising last year, was spent.
"Was it your purpose to give a ft_n
account of Mr. Cromwell's testimony,
or only such matters as you. thought
necessary to counteract the injurious
impression?" asked Mr. Hughes.
"It was my intention to send out
those portions that the Associated Press
neglected to send out," replied tir.
Smith.
The witness said that he had sent nut
jflve or six different dispatches during
ihe Insurance investigation, each dispatch going to from- fifteen to one
' hundred different, newspapers. The selection of papers was generally left to
Allan Forman.
A dispatch clipped trom the St. Paul
Pioneer dated Oct. 8, giving a part of
the testimony of President R. A. Mc-
Oury, was recognised by Mr. Smith. He
did not. know what that Cost because
the hill has not yet come in
Clippings from the same dispatch
from the Boston Herald, Toledo Blade,
Buffalo Courier. Florida Tithes Union
and the Atlanta Constitution, were
shown to witness and In reply to Mr.
Iinches he said he believed they were
all paid for at the rate of tl a line.
Witness said the. money had been paid
to the Telegraphic News bureau. Tito
last line of this dispatch read that
President McCurdy's testimony created
a favorable impression. Mr. Hughes inquired whether it cost him a higher
price to get a dispatch inserted in the
newspapers than if it had been acquired in an impartial way by those
who furnish news to the newspapers.
Mr. Smith replied that the matter
be furnished was the truth and such
matter as the policy holders would he
pleased to read. It was important to
let them know what the company had
done for them.'
John R. Hegeman, president of the
Metropolitan Life Insurance company,
was examined and when the adjournment was taken, this afternoon his testimony was unfinished.
While lacking the startling features
at tbe testimony of some of the other
life insurance presidents who have testified, Mr. Hegeman's remarks and explanations were none the less interesting, especially his statement that $876,-
000 was given to the industrial policy
holders of his company last year, without Any obligation whatever. Mr.
Hegeman farther said that in eight
years his company had voluntarily
given to Its policy holders 18,000,000.
This was in extended insurance, mortuary dividends and liberalized policies
during epidemics, floods and fires.
It was brought out that while the
company carried collateral loans
throughout the year, none appeared in
the annual report on Dec. 31. This was
explained by the witness, who said that
all collateral loans were transferred on
the last day of the year to Vermilye &
Co., the bankers, under an agreement
and were brought back again in January. This was done, according to tbo
Witness, to avoid the horde of applications for call loans from the Wall
street district.
Mr. Hegeman did not encourage the
call loan business from this section, because it entailed keeping a ticker in his
office, and he would not have one there.
He further did not care to have his
company known as a loaning company.
The large loans at such a low interest
as 1% per cent., especially the- one to
President John A. McCall of the New
York Life Insurance company, were
taken up and Mr. Hegeman spoke
strongly of his friendship for Mr. McCall, who, he said, was closer than any
Other man to him in insurance business
outside of his immediate associates.
BRYAN AND TOGO MEET.
TOKIO. OcL 24.—William J. Bryan
was present at the reoeption today in
honor of Admiral Togo. The mayor
Introduced Mr. Bryan to the admiral.
An exchange of cordial sentiments followed; The admiral was delighted at
■ the unexpected presence of Mr. Bryan.
CRIMINAL PROCEEDINGS
ARE BELIEVED POSSIBLE,
Bank of Pittsburg flnri Enterprise
Bank's Reports Didn't Tally.
PITTSBURG, Oct. 24,—At a late hottr
tonight It was learned that Bank Examiner John B. Cunningham, while
making an examination of the Bank of
Pittsburg found a discrepancy between
the reports made to Comptroller of
Currency Ridgley by tne Bank of
Pittsburg, and the Enterprise National
-teftk of Allegheny which led to the
closing of the latter institution,
f A |
Tags
Comments
Post a Comment for Titusville Herald