' a OF NEW roan; RICHARD A. McG‘D’RDY, President. MUTUAL Lire If SURANUB E0. latement for he Year Ending Dec. 31,07. According to the Standard of the Insurance Department of the State of New York. Received. for Premiums From all other Sources ii , Incense. . 542.693.201 99 . 11,469,406 24 $54,162.698 23 DISBURSEMENTS. T0 Policy-holders for Claims by Death . . 1‘0 Policy-holders for Endowments, Dividends, etc. For all other Accounts ASSETS. United States Bonds and other Securities . First Lien. Loans 0n Bond and Mortgage . . Loans on Stocks and Bonds . . . Real Estate . . . . . Cash. in Banks and Trust Companie . ‘. . Accrued Interest, Net Deferred. Premiums, etc. . Reserve for Policies’and other Liabilities . . Surplus . » . . . . Insurance and Annuities in Force . - . . ' $13,279,630 66 . 12,712,424 76 0 10,132,005 57 536, 124,060 99 . . $132,017.34! 45 - 69.423.937 3| . 12,880,308 00 . 21,618,454 88 . 11,705,195 82 t - . Jim $253,786,437 6‘6 . 218,278,243 07 - 535.508.194 so - ' 59.36.634.496 33 lhave carefully examined the foregoing Statement and find the same to be correct: liabilities calculated by the Insurance Department.» CHARLES A. PRELLER, Auditor. From the Surplus a dividend will be apportioned as usual’ . .RepOrt 0f the Examining Committee. Office of the Mutual Life Insurance Company of New York. To THE HONORABLE, THE BOARD or TRUSTEES or THE MUTUAL LIFE lllSlllllllGE COMPANY OF NEW YORK. The undersigned, a Committee appointed by your honorable body, on the twenty- second day of December, I 897, to examine the Annual Statement of the Company and to verify the same, respectfully—fl . ~ REPORT That, pursuant to the power and authority thereby conferred, the Committee have, at various dates between the date Of the said reference and the date of this Report, attended at the Office of the Company, and have been Waited by the Treasurer, the Comptroller,the Auditor, and the Cashier, together with the respective assistants of such Oificef: and haVe carefully gone over all the items contained in the said Statement, and have found the same to be corrr r~t The have examined and counted every certificate of stock, bond and other obligation held by the Company and chin ared the prices at which the same are carried in said Statement with the market quotations, and find the same; not omega, such quotations—in fact, in many cases below them. They have examined and counted the bonds and mortgages on “:3 property held by the Company, and find the same to be as stated. They have also verified the valuation of the Com- ’s holdin s of real estate and have verified the de sits of mone in the v ' . 2:3: counted 5hr: cash on hand held by the Cashier. p0 y -' arious banks and truet companies, and And the Committee certify that all the bookST'papers, documents, and evidence of title of every description 11 sary in such examination have been freely submitted to the Committee by the said officers and their assistants andeflfs. the same are accurate, in gbod order, and well kept. - , at And the Committee further certify that the investments Of the'Company are of a high order, and that the and methods adopted by the Company in recording its transactions and caring for the assets are entitled to commendifgf All of which is respectfully submitted. NEW YORK, January 21, 1898. CHAS. R. HENDERSON S. V. R. CRUGER ELBRIDGE T. GERRY J. HOBART HERRICK A. N. WATERHOUSE Board of Trustees. SAMUEL D. BAscoon RICHARD A. MoCusDr J Am C. HOLDER HERMANR C. VON Pos'i- WILLIAM J. SEWELL OLIvsa HARRIMAR BOBEBT OLYPHANT GEORGE F. BAKER Donna: OLoorr | A. N. FREDEBIO CROMWELI. J 0'me T. DAVIES S. V. R. Canons CHARLES R. HENDERSOII Burns W. PEORRAM J. HOBART HERRIOK WM. P. DIXON ROBERT A. ,GRANmss WATERHOUSE HENRY H. ROGERS JNO. W AUOEINOLOSS THEODORE MORFORD WILLIAM BAncocx SrurvssAN'r FISH AUGUSTUS D. J 111an CHARLES E. MILLER WALTER R GILLR'rrI H. WALTER WERE GEORGE G. HAVEN ADRIAN ISELIN JR. GEORGE S. Bownom WILLIAM C. Waning: WILLIAM RocxerLLn JAMES N. JARVIE CHAS D. DICKEY JR ELERIDOE T Gunny JAMES Sum; ROBERT A. GRANISS, Vice-President. WALTER R. GILLETTE, General Manager. ISAAC F. LLOY l), 2d Vice-President DUEtt du—P. BRECK, Corresponding Secretary WILLIAM J. EASI‘ON, Secretary. JOHN A; EONDA, Aesistant WILLIAM P. SANDS, Cashier. JOHN TATLOCK, J. , Assistant Actuary. ' WILLIAM W. RICHARDS, Comptroller. HENRY S. BROWN, Assistant Comptroller tic Agencies. CHARLES A, PRELLER, Auditor. O. CLIFFORD GRETSINGER, As-Jistant Auditor. JOHN C. ELLIOI', Superintendent'of Domes ALBERT KLAMROTH, Assistant Secretary. FREDERIC CROM WELL, Treasurer. JAMES ’TI M E SON. 2d AssiStant- Treasurer. EDWARD P. HOLDEN, Assistant Cashier. Treasumr. EMORY MoCLlNTOCK, Actuary. 5 EDWARD LYMAN SHORT. General Solicitor. I ELIAS J. MARSH, n. n- MEDIOAL DI'REorORs: G. S. WINSTON M. D. Consulting. , GRANVILLE )1. WHITE, M D. / . arduous a stunner. Seneca! Agents. _ A. n. onus, Loooi Agent. a .w c W-E‘E KL Y . .N U R w A414 k ‘ — is A '1. .1; 'i.".l.‘ B3,. ALDRIDGE_l/1_U_ST RETIRE Gov. Black’s Decision on Judge Countryman’s Report. CASE to. THE GRAND JURY Superintendent is Held Only Technically About 81,000,000 Was Partially Responsible. Paid for Work Never or Done. Assistant Engineers and Surgeons Were in League With Contractors. Albany, N. Y., Dec. 1.-Judge Coun- tryman’s report on the canals techni-_ cally holds Superintendent Aldridge and State Engineer Adams responsible for the expenditure of about $1,000,000 which was paid from the state treas- ury on bills which either called for payment for work never performed, or for excavating rock instead of earth. The payments for work not per- formed was made possible by the sub- ordinates Of the state engineer’s de- partment and the public works de- partment swearing to hills which were false. The heads of these departments in auditing bills were compelled to rely upon their subordinates as to the am- ount and quality of work accomplished, and it wrs contemplated by the law that they should so rely. ' In any event it was a. physical im- possibility for either Mr. Aldridge or Mr. Adams to know that some of their subirdinates were in league with the contractors in swearing falsely to bills presented, and it is believed that any prosecutions wlfich may follow the publication of Judge Countryman‘s re- port will not affect Mr. Aldridge or Mr. Adams but will rather seek to pun- ish the assistant engineers and inspec- tors and contractors who originally certified to the bills submitted for pay- ment, thereby misleading their superior Officers, who were depending on them alone for the certification of the am- ounts clue contractors. Attorney General Hancock went into conference with Governor Black yeSa terday t6 consider what action should be taken on Judge Countryman’s re: port. If the attorney‘ general has his way the report will be held until he can determine in what direction any criminal action will lie against the canal officers, from the highest to the lowest. ' -1 n. Governor Black said yesterday that it was a question Whether the state su- perintendent of public works and state engineer should beheld responsible for the acts Of their subordinates, and that he was of the opinion at present that both should retire from Office volunta- rily pending a determination of Judge Countryman's findings by an Albany county grand jury. Judge Countrymau’s Report. Judge Countryman’s report is volum- inous in detail, containing more than twenty-four thousand words, and as soon as it was received by the gover- nor from the attorney general it was made public. Countryman’s report and findings may be summarized as follows: . That Campbell W. Adams, the state engineer and surveyor, is guilty of malfeasance in office, and recommends that his case be presented to the grand jury for criminal prosecution by indict- ment. That George W. Aldridge, the state superintendent of public works, is guil- ty, at least technically, of the misap- plication of publi ioney in unauthor- ized expenditure n canal contracts, and that his also is a proper case for presentation to the grand jury for criminal prosecution by indictment. That some subordinates in the state engineer and the public works depart- ments are guilty of illegal practices, but are not named, in the belief that they may condone, to some extent, their offenses =by Ofering their knowl- edge to the prosecution, to be used against the principal offenders. That at least one assistant engineer was dismissed for no reason except that he had refused to make a. false return of work alleged tO' have been performed by a contractor. That special oral contracts, amount- 'in‘g roundly to $825,000, were paid for under the original contracts without going through the form'of a. special contract or obtaining the approval Of the canal board. ,, That the certification Of the work done under these special contracts was. practically, a matter of compulsion up- on the engineers on the several sec- tions. Some conscientious men asked to be excused from certifying" to them or to certify that “earth" excavated was “rock,” or that the amount ex- cavated 'was greater than it really was. Their requests were denied and they had to leave the service. If they did not do so voluntarily they were remov- ed peremptorily. . . Immediately or: the receipt of these conclusions made by Judge Country- man, Governor Blackdirected Attor- ney General Hancock to proceed at once with the criminal prosecutions recommended. The governor designa— ' ted Judge Countryman as an associate counsel in the proceedings, and reques- ted Governor-elect Roosevelt also ’to name an attorney to assist. Deadly Foot Ball. Oswego, N. Y., Dec. 1.-Lying at death’s door in his home in Pulaski, Oswego countv, is Edward Donebnrg, left half back for the Pulaski High School football eleven, whose spine was injured seriously in a. scrimmage on Saturday, November 5, in a game be- tween Doneburg's eleven and a team from the Oswego Normal School. Physicians declare that Doneburg can live only a few days longer, and that even should he survive, he never 'will be able to use his limbs and will be compelled to Spend the rest of his life in bed. No Race Discrimination in Alton Schools . Edwardsville, Ill., Dec. 1.—The jury in the Alton school case. after being ‘Out all night, returned a. verdict yes- terday morning finding for the defen- dant, to the effect that the negro schOol ‘ children of Alton were not discriminat- ‘ed against norkept out of the public schools on accounted. their. color. . FiGHTiNG EXPRESS COMPANIES. Will Attempt to Compel Them to Pay War Stomp Tax. ' St. Louis, Dec. 1.—Mr. William R. Corwine of the Merchants' Association Of New York, who is here attending the Merchants’ Anti-Scalping conference. tells Of the crusade being made in New York to compel express companies to pay the war stamp tax. ’ “In addition to taking the question into the courts," Mr. Corwine said, “the association proposes to introduce and advocate a. bill in the legislature this winter to place express companies under the control of the railroad com- mission of New York state and regu- late their charges. The Merchants’ Association will try to Obtain the co- operation Of every manufacturer and merchant. in the state of New York and through them to appeal to the. members of the Senate and Assembly to support the movement." Mr. Corwine says that a project is being pushed rapidly into organization. in the large cities of packing compan- ies, virtually to take the place Of ex- prcss companies—not for making mon- ey, but to save it for merchants and others who are paying excessive ex- press charges. , These new companies will accept packages for shipment which will be placed in large cases and sent to their destination by fast freight at about the same time made by express compan- ies. with about half the cost. Imense Iron and Steel Trade. Washington, D. 0., Dec. 1.—-0ne of the best indications of the great busi- ness prosperity of the country yet' brought forward is furnished in the report of the United States Geological Survey, giving the steel and iron Pl‘Q.‘ duction Of the United States for 1897. The activity of steel and irov taup- dries is always regulated by f e c.9215 eral condition of the country and the fact that they did a bigger business in 1897 than during any previous year in the history of these industries is the best evidence obtainable that the na- tion is passing through an era Of de-» velopment and advancement. The output Of pig iron for 1897 was 9,652,680 long tons, which is the best record ever attained in this country, and which also eclipses the productof Great Britain for that year, which was 8,789,455 tons. .. We made a material increase over the product of 1896, which was 8,}23,127 tons. . The United States also passed Great Britain in the matter of the produc- tion of steel during 1897, our factories turning out 7,156,957 tons, against ,4,- 585,961 for England. The United States now leads all oth- er countries in these two most import- ant industries. The lead in steel pro- duction was only Obtained through a great jump from the figures of 1896, which were but 4,927,000. ~ An Innocent Man Pardoned. New York, Dec. 1.——After a year‘s im- prisonment in the Tombs and a day in Sing Sing, to which he had been sen- tenced for ten years, on a. charge of highway robbery, John Wallace of No. 111 Clinton Place, was released yester- day morning, having been pardoned by Governor Black. ' ‘ Wallace was sentenced in December, 1897, to ten years in Sing Sing by J udgc Cowing in general sessions, on convic~ tion on a charge of highway robbery in the first degree. He was accused Of having been in a saloon in Clinton Place, with half a dozen other men, when William Loo- mis was beaten and robbed. I—lis counsel took an appeal and Wal- lace was detained in the Toombs pend- ing the decision. The case was allowed to drag until October of this year, when the court of appeals dismissed the appeal. Assistant District Attorney Lebar— bier then had the man taken to Sing Sing. The district attorney had been in» formed that the man was undoubtedly innocent, and he and Judge Cowing made an investigation of the case. at- terwards placing the facts before Gov- ernor Black. Col. Roosevelt Snowbound. ‘ Oyster Bay, L. 1., Dec. 1.—Colon l Roosevelt had intended to go to Nefi' York. yesterday morning, but when _ e drove to the station he found the road blocked by snow and travel-to - porarily suspended. He was to have delivered a. lecture in Boston last evening, but when he found that trains were not running he sent a telegram saying that it would be impossible for him to appear. He also ‘sent telegrams to several friends in New York telling them that he would not be in the city again untll Saturday. _... .. Another Mine Strike. Massillon, Ohio, Dec. 1.~—President William Morgan Of the District Min— ers’ Association, has issued a call for a convention of. miners of four coun- ties, tO be held in Massillon on Decem- ber 12. This call, coming just after the meet- ing Of the national officers 'of the union, in this city, is causing local operators no little alarm and there are rumors of another strike. Germany in Africa. , Brussels, Dec. 1.——The Soir says that trouble has arisen in Africa between Germany and the Congo Free State re- lative to the respective-boundaries of German territory and Congo territory north of Lake Tanganyika. A strong force of Germans has been sent to the Manyema. country. while the Congo forces at Lake Kivu have been con- siderably reinforced. Q: ay Decision To—day. Philadelphia. Pa., Dec. 1.—The hear- ing by Judge Finletter Of the demurr- ers and motiOns to quash the indict- ments against Senator Quay, his son, Richard R. Quay, and ex-State TreaS- urer *~Haywood will be renewed this morning, it was announced at a. late hour yesterday. Freight Rate. “Mr 111 me “rest. Omaha, Neb., Dec. 1;—-Freight rates from Omaha east and west have gone to nieces and passenger tariffs .are threatened. , Each line charges the other with' having started thetrouble, Which bids fair 'to spread throughout the whole West. ‘ lHOOGS FOR GARRISON DUTY- Possible Result of a Speedy Regular,Ar1ny ' Increase. Washington, D. C.. Dec. 1.—-—If Con- gress early in the,,session should make provision for the increase of the regu- Zar army, it‘is quite probable that none of the volunteer regiments'now in the service will be sent to do garrison duty in Cuba. The troops first to. be sent to' Cuba will be composed largely of regular reg- iments so far as they are available. Plans are maturing for the muster ouf‘ Of as many volunteers now in the ser- vice as Dossible. . The demand of the enlisted men to go home and leave the service is grow- ing greater and greater every day. This is true in nearly every garrison and the arrival of senators and representa- tives with requests for the muster out of regiments or men in the regiments has largely increased during the last three days. His well known that the volunteers at Manila desire to come home, and the war department is considering the ,question of sending regular regiments to replace these volunteers 'as soon as , arrangements can be made. There is a disposition to have the regulars recuperated and recruited to their full strength before sending them to Manila. . MORE GOLD IMPORTS. Alllillion and a. Quarter Dollars Taken in London. London, Dec. 1.-—More than seven hundred thousand pounds in German and American gold coin was withdrawn from the Bank of England yesterday. and of this two hundred and fifty thou. sand pounds was taken by Morton Bliss & Co., and the Chaplins for New York. — ' There is the greatest interest and discuSsion here as to the reason fer this shipment to New York. 3 The question Of a possible change in the discount rate Of the Bank of Eng- land to-day mainly turns on whether. this shipment is a special and excep- tional transaction, or whether it is the commencement of a genuine demand. Some operators say that the gold is required for Cuba, as it is known that‘ large amounts of gold have been ships ped recently from Cuba to Spain. Troops f or Manila. San Francisco Dec. 1.—General Mer- riam, in charge of the department of the Pacific, said yesterday in regard to the reported orders for sending reg- ulars to the Philippines to relieve v01- unteers: “The reports are based on a dispatch sent to Commissary Long to provide a. full tropical equipment for six thous- and troops. Long has already adver- tised for tents, and will soon let other contracts. “Nothing official has come, however, to Show the plans of the war depart- ment, but the inference is strong that a. large force of ~regulars will soon be sent to Manila.” , .--A Still Fighting at Palm. Pana, 111., Dec. 1.—After fifty days’ continuous night and day riot duty in Pana, Troop B of Bloomington, First Illinois cavalry squadron were reliev— ed yesterday by Company K, Fifth regiment, of Delavan. Desultory shooting continues nightly. the provost guard having but little success in effecting captures. Another consignment of negroes has arrived. They were met at the train" by a squad Of soldiers, who relieved them of their arms before permitting them to march to the Springside mine barracks. The white miners are remaining steadfast for the scale and union rec- ognition. They received $1,600 yester- day from the state union. Central American Troubles. W'ashington, Dec. !.—No official dis- patches haVe reached Washington re- specting the turbulent condition of af- fairs in Salvador and the presage of the dissolution of the newly formed “United States of Central America," contained in the reported refusal of Nicaragua to aid Salvador with her troops to suppress .thc rebellion. Up to this point the United States government has not recognized the “United States of Central America." and the impression is growing that it will not be called upon to do so. , Colorado’s Heavy Snow Storm. 4 Denver, COL, Dec, 1.———Advices re- ceived here are to the effect that the storm south and west of Denver is the worst known in years. At Como the snow is between two and three feet deep and between Como and Leadville and as far as Gunnison ten feet Of snow has fallen. . The South Park road is tied up and trains on the Denver and Rio Grande are greatly delayed. Snow slides are reported on all roads. $100,000 Gift to a Village. New Haven, Conn, Dec. 1.-—'I‘.he Hon. Timothy B. Blackstone of Chicago, who presented to the town of Branford a. four hundred thousand dollar library, and one hundred thousand dollars for an endowment fund in 1896,'has given the town one hundred thousand dollars more for a library endowment. The gift was conveyed to the incor- porators at their meeting on Monday evening. Navigation Closed at Montreal.“ Montreal, Dec. 1.——Ocean navigation from this port has been closed for this season, the steamship Guildhall, with a large general cargo for Antwerp, be- ing the last vessel to leave. The Guildhall is a powerful steamer and well able to break her way out of the ice. ‘ Austria and Japan. Vienna, ,Dec. 1.-—The upper house of the reichsrath has approved a treaty of trade and navigation between Aus~ ‘ tri'a. and Japan. The minister of commerce announc- ed that the exchange of ratifications would take place tO-day. [‘0 Debate With Yale. Madison, Wis;, Dec. 1.—Debating cir- cles at the university are jubilant otter the practical certainty of a. debate with Yale,‘to-Ebel held either in Milwaukee or Madison, probably Madison, some time this winter. ~ - '
Norwalk Chronicler