~» THE EVENING GAZETTE W4". 5“ Eli I. ' -OF NEW YUKRE. RronARn A. Reopens, Resident. Statement is the lee tutu tecrmtrr According to the Standard of the Insurance Department of the State of New York. income, Received for Premiums From all bitter Sources - . _' ulsEURsEMENTs,‘ ”Io Pelicynhcldere 'Ier Stains by Ieath 'i‘c Policy-holders tor Endowments, Bividends, etc. EDI-fall 0ther Accounts ' » ASSETS. United States lends and other Securities First lien Loans en Bond and Mortgage - Loans on Stocks and Bonds Real Estate flash in Banks and Trust Gompanies - Accrued Interest, llet Deferred Premiums, etc- - Reserve tor Policies and other liabilities Surplus Insurance and Annuities in force 8 l have carefully examined the foregoing Statement and find the same to be correct; .iabilities calculated by the Insurance Department CHARLES A. From the Surplus a dividend will be apportioned as usual g Report of theExamining Constantine. Office of the Mutual Life Insurance Company Of New York TO THE HONORABLE, TEE BOARD OF TRUSTEES OF THE ldiJTIIAl. LIFE INSURANCE GfihPAil‘i' 0F llElll Whit The undersigned, a Committee apppointed by your honorable body on the twenty- third day of December, l896, to examine-the Annual Statement of the Company, and to verify the same, .espe‘ctfully BEFORE?m 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 cf this Report attended at the office of the Company, and have been waited on by the Treasurer the Comptroller, the Auditor and and the Cashier, together with the the respective assistants of such officeis, and have care, fully gone over all the items contained in the said Statement, and have found the same to be correct. and counted every certificate Of stock, bond and other obligation held by the Company, and compared the price at which the same are carried in said Statement with the market quotations and find the same not exceedin many cases below them. They have examined and counted the bonds and mortgages on real property held by the Company, and find the same to be as stated. They have also verified the valuations of the Company’s holdings of real estate and have verified the deposits of money in the various banks and trust companies, and have counted Cashier. . _ And the Committee certify that all the books, accurate, in good order and well kept. And the Committee further certify that the investments Of the Company are of a high order, and that the system and methods adopted by the Company in recording its transactions and caring for the assets are entitled to commendation ROBERT OLYPFIANT J. JAMES N. JARVIE . JAMES C. HOLDEN All of which is respectfully submitted NEW YORK. JANUARY 25, 1897. Board of Trustees HENRY H. ROGERS JNO. W AUOHINCLoss THEODORE MORFORD WILLIAM BABCOCK STUYVESANT ‘FISH AUGUSTUS D. J UILLIARD CHARLES E. MILLER WALTER R GILLETTE H. WALTER WEBB SAMUEL D, BABCOCK [ FREDERIC CROMWELL RICHARD A. MOCURDY ‘ J ULIEN T. DAvIEs JAMES C. HOLDEN ROBERT SEWELL HERMANN C. VON POST S, V. R. CRUGER LEWIS MAY CHARLES R. HENDERSON OLIVER HARRIMAN RUFUS W. PEOKHAM ROBERT OLYPHANT . J ‘. HOBART HERRIOR GEORGE F. BAKER Wu; P DIXON DUDLEY OLCOTT i ROBERT A. GRANNISS RORERT A GRANNIss, Vice-President. . . WALTER. R GILLETTE, General Manager. . ISAAC F. LLOYD, 2d Vice-President \VILLIA‘A J. EAS'I‘ON, Secretary. _ FREDERIC CROM WELL, Treasurer. 5 JOHN A. FONDA, Assistant Treasurer _ WILLIAM I’, SANDS, Cashier. ED WARD P. HOLDEN, V EMORY MOCLINTOCK, Actuary. JOHN TATLOCK, JR , Assistant Actuary. CHARLIE"? A. PRIELLER, Auditor. JOHN C. ELLIO l‘, Superintendent of Domestic Agencies. EDW ARD'LYMAN SHORT, General Solicitor. _ MEDICAL DIRECTORS: ELIAS J. MARSH, M. l)- I GUSTAVUS s. WINSTON.,M. D.’ missions to... 'Q cutter . .5... refer . papers. documents and evidences of title of every description necessary in such examination have been freely submitted to the Committee by the said Officers and their assistants, and that the same are CHARLES D. DICKEY. JR. CHARLES R. HENDERSON HENRY E. DUNCAN, JR, Corresponding Secretary ALBERT KL AMROTH, Assistant Secretary. JAMES TIMESON. 2d Assistant Treasurer. : WILLIAM W. RICHARDS, Comptroller. C. CLI FFORD GRETSISGE R, ASsistant Auditor. ' HENRY S. BRO W N, Assistant Comptroller. _; GRANVILLE ll. WHITE, M. D General Agent for State of Connecticut. '2 As H.©AMER .. 1'“§9‘°‘" Agent- l no, use. 3 39,593,4I4 29 l9,|09,28| 0'! _— __..—__.——_ $ 49,792,695 21 3 52,595,“?! 39 ”£42,456 l l0,73l,005 64 $36,2l8,‘515 l4 s I l 0,l25,082 l5 11,543,929 55 meme cu 22,167,666 es ”$803399 00 , scenario 3 234,144,!“ 42 S 9l8,698.338 45 PRELLER, Auditor. They have examined g such quotations—in fact, in the cash on hand held by the HOBART HEB-RICK GEORGE G. HAVEN ADRIAN ISELIN JR. GEORGE S. BOWDOIN THEO. A. HAVEMEYER WILLIAM C. WHITNEY WILLIAM ROCKEFELLER JAMES N. JARVIE . CHAS D. DICKEY JR ELBRIDGE T GERRY so» $32.52 '5‘ .fl3‘fi‘jfl Assistant ( ashier. ,. 1, ‘ . . swamflifi .2.- . tween dealers, ~n... .— 1 ' ' 7 “OGRESS AHEALTHl Pt. - . Business Is Improving, With Little Danger of Reaction. A GENERAL RECOVERY IS ON While Some Reductions In Wages Have Occurred. More \Vork Is Assured. Supply of \V'heat In Farmer-3' Hands—Failures of the IVeek. NEW YORK, March 13. -—R. G. Dun 85 Co. ’3 weekly review of trade says: It is a. curious illustration of human na- ture, this continued discouragement even while the increase of productive industries and Of legitimate business steadily grows. No genuine or lasting improvement could come otherwise than slowly and step by step after such . a depression as the past four years have witnessed, and the most hopeful feature of the situation is that the gain is so nearly devoid of elements which involve unsoundness and probable reac- tion. The first step toward prosperity is to get the wheels started and the hands em- ployed, and the number of works which have resumed or increased force during the past week seems greater than in any other week since November. While the start has been secured in many cases by contract: at extreme low prices, involving some r:-"uction of wages, the bands are earning . tore even so, and aid more in the rural recovery, than if not working at all, and thus far inimirtant strikes have been avoided in most cases, though some are still threatened. The money markets continue especially favorable to industrial recovery, and there is no such speculative epidemic as to lock up an excessive share of available capital. The annual statements of wheat in farm- ers’ hands March 1 have not in the least stimulated speculation. Those commonly considered wort-by of attention indicate that farmers’ and commercial supplies to- gether, 196,000,000 to 206,000,000 bushels, exceed the outside estimate of home de- mand, 130,000,000 bushels to July 1, by much more than the quantity likely to be wanted for export in view of the continued outgo Of corn, amounting for the past two weeks to 6,894,888 bushels against 1,591,475 last year. Wheat exports from Atlantic ports in two weeks have been 2,431,747 bushels against 2,921,097 last year, and, although western receipts are but 3, 451,369 bushels for the two weeks against 4,567,392 last year, they are still so large for the: season as to discredit alarms about speedy exhaustion of the supply. The price has declined 31/; cents for the week, and corn is also a fraction lower. Cotton, Ve’ool, Etc. Cotton is not active, though a. sixteenth higher,_for the curtailment of consumption by many mills dogs not yet help prices in the least, nor the suspension of print cloth reports, and dealers so generally hold back orders for other goods that the tone is weak; The speculation in wool continues, and sales for the two weeks have been 17,- 903,900 pounds, of which 9,921,700 were domestic, whereas the largest previous sales for the some period were 12,017,676 pounds in 1892, of which 8,369,426 were domestic. While there is much trade bo- manufacturcrs show by purchasing farbcyond their present wants the belief that larger business is coming. More mills have resumed, and in higher grades the demand for goods visibly in- creases, nlthough for goods below 81 buy- ers appear to have satisfied their present wants. More boot and shoe factories have found enough orders to start, in spite of reluctance-of jobbers to pay higher prices asked, and, though some, in order to start, have taken orders which are said to prom- ise no profit, the dealers are becoming less expectant. that prices will decline and are buying more freely. Iron furnaces March 1 were producing 169,986 tons weekly, 7,027 tons, or 4 per cent, more than Feb. 1, and, although visible stocks have increased 30,024 tons in four weeks, still more furnaces have started this month. The demand for flu- ished products still lags behind the supply of pig iron, except in the great steel works whose stocks are not reported, but their orders without doubt cover full production for several months. Bessemer pig is a shade lower, but no other change in quo- tations appears, and there is gradual in- crease in the demrnd for plates, sheets and all the wire f:::':' r of products. With the advent of spriz: weather and outdoor work much more- business is expected. The starting of the Maryland rail works under contract with the Carnegie company, in order to make shipments by water more cheaply, is significant. In the Railroad \Vorld. The chief events in the railroad world, have been encouraging. The transfer of the Lehigh Valley to the control of the Morgan and Drexel houses promises im- portant relief and tends toward greater harmony of coal interests for the future. At the same time the reduction offi5‘cents in prices of anthracite coal, stove to $3.85 at New York, looks toward a. larger de— mand and better employment in the fu- ture. The effects of the Lake Shore bond transaction are still felt, giving increased encouragement, and the trip of Mr. Mor- gan to London is expected to result in ne- gotiations of large influence upon the money market. The reports made to date of railroad earnings in February cover 81,- 150 miles, 45 per cent of the total mileage in this country, and the United States roads alone show earnings in that month of $30,383,165, only a tenth Of 1 per cent less than last year, but 10.8 per cent less than in 1893. The Mexican roads, in most tables included, show an increase of 28.8 per cent, and therefore render returns as to the United States somewhat misleading. March earnings thus far reported show an increase of 4.9 per cent over last year, and the tonnage west bound, as Well as the better class of east bound tonnage, is grad- ually gaining. The volume of business shown by clear- ings is but 1.8 per cent smaller than last. year. The sudden change in movement of money, for the week $1,500,000 away from New York, is partly in preparation for -un- usually large April settlements, but also to supply currency for movement of crops remaining in producers’ hands. There is a better demand due to preparation for re- moval of goods from bonded warehouse in case of an advance of duties. Failures for the past week have been 256 in the United States against 300 last year and 61 in ~ Canada against 60 last year. > Deputy Rome Reinstated. WASHINGTON, March 13.—William M. Rome, senior deputyof collector Of inter— nal revenue at Brooklyn, who was sus- pended some days ago for insubordination in refusing to turn over his Office to the second deputy. as directed by Secretary Carlisle on the failure of the confirmation of Collectpr Kelly, has’bcen reinstated. MANY PARTS OF SOUTH AND WEST HAVE NO MONEY. able Speech by W. E. Dodge—Tells New York Chamber of Commerce What Caused Bryan’s Big Vote—A Bad Cur- rency System—Farmers Have Real Griev- ances-Must Be Attended to Before 1900. most enterprising and philanthropic business men, was a delegate from the New York chamber of commerce to the business men’s sound money conven- tion which met recently at Indianapolis. He was a member of the executive com- mittee of the i.:dianapolis convention. A short time after he was chairman of the arbitration committee at Washing- ton. In both capacities he had excellent opportunities for meeting representa- tives from different states. The follow- ing is a part of his somewhat remark- able speech bcforc the chamber of com- merce when submitting his report of the Indianapolis monetary convention: “I was surprised, sir, to find the as- sertion made constantly by men from the for western states and the south and southwestern states that it was not Mr. Bryan and it was not silver that they were in favor of, but they needed some change to bring relief from the terrible condition of poverty and scarcity of money under which they labored. They felt that their condition was so extreme and so painful that any change would be of value, and when I came to look and kindly way with them they all confirmed the same feeling-which I had found at a long conversation in the treasury department, in Washington, that the circulation of the country is quite out of joint, that the lungs and heart are congested and that the ex- tremities of the country are absolutely without any blood. ‘ ‘ I found that there were great sections of the southern and western country where there was absolutely no money at all, where the most primitive forms of barter obtained, where everything was most disorganized. Ono gentleman told me that in his county, which was quite a rich agricultural country, by some happy accident a $50 bank bill had come down into the county, and that he had taken a horse and buggy and spent four days in visiting all the towns in the county striving to get it chanted into smaller bills, but had been un:.ble to do so, and finally V118 obliged to sand it to Richmond. There were anglers who told me that their courttimcnts ncvcru‘saw a dollar of money from the the result that they had constantly to go into debt to the local stcrekeepcrs. The local storekeepers received their pay in kind. In fact, everything was drifting back to the Old times before money was invented. This was not in one section of the country only, but in large sections. ‘ ‘We can quite easily understar i that Where there is not sufficient nor-hey to establish a national bank uncri- the very onerous laws at present in force there is nothing else to take the place. The same difficulty has come up in other parts of the world. In Austria and Hun- gary, in southern Germany and in south- ern France these difiiculties were under- stood and appreciated years ago, and agricultural banks have been founded there, and they have doubled the value of real estate, and they have made the peasantry and the farmers rich. . and prosperous. “The same thing has taken placcin Scot-land, as many of our friends know. Every town in Scotland with over 1,000 people has a branch bank of some one of the great banks of Edinburgh or Glasgow. A man of good’ characterwho wants to fit out a fishing smack or buy anything for his farm is able to go there, and if his credit is good he is able to borrow money as cheaply as any merchant could. It has a double effect. It is not only giving to those. neighborhoods the money that they actually need, but it is edu- cating the people in thrift and prompt- ness. I have talked with a great many of my banking friends, who say that the whole thing depends upon the character of the people; that the people are specu- lative and that nothing can be done for them. My impression is that if some thoughtful plan could be suggested it would be quite possible to educate all the agricultural people of the country to understand that a man who is thrifty and honest and sober and prompt can al- ways in some way get some money. It is a very hard thing—we do not under- stand it at all here because we have so much money moving among us—but if every time we went to a store we. were unable to buy anything except on credit, if we had no money to pay down to en- able us to reap the advantages Of cash payments, we should begin to be frctful. I dO hope, sir, that the thoughtful and good men of the north and cast will be willing to take up this subject. “It was brought out at the Indian- apolis convention that after the first sad, serious mistake made necessary‘by the exigencies of the civil war we had gone on with makeshifts ever since. One bit of legislation necessary to bridge us over a particular crisis has been met with another. With every issue of bonds and of greenbacks, and with evc'ry other form of currency, legislative enactments have been made, and they contradict and overlap each other, and the business of the treasu y is‘excecdingly hard and difficult. ' , “I came away from Indianapolis with this very firm impression, and I have only ventured to submit it because I feel it so deeply that unless those of us in the more favored parts of the country understand the condition Of our brothers and our fellow citizens in the other parts of the country, unless we wisely instruct; and educate them and bring about some wise methods for their re- lief,‘when the year 1900 comes we shall be swamped with an infinitely more powerful vote against uh than dur- . 1* ing this last election. ” SCARCI’I‘Y or MONEY.= Business Conducted by Barter—=A Remarlr- ' 5 ' Mr. W. E. Dodge, one Of New York’s. into the matter and to talk in afriendly beginning of the year to the end, with. Mother-love is mixed With daily, hourly _ sacrifice. _ The love increas- l ‘ es with the sacri- . fice it entails. T h e m 0 re a . 3 mother suffers ‘1, and endures for 3 her little one,,th.e l more precious 1t 5. - becomes. She‘ I loves it because rv she has 'labored and suffered for it. The physical organs concerned i‘n maternity af- fect a woman’s entire constitu- tion to a de ree only half realized ‘ ‘by many doctors. \Vomen are Often treated specially for sick headaches, dys- pepsin, melancholy, or what is supposed to be a liver or kidney affection or heart- disease, when in reality the whole trouble is with the reproductive organs. This delicate and intricate organism and the rational treatment for its peculiar ail- ments is a life study for the Wisest hysr- cian. Probably no practitioner tying has a higher reputet in this speCIal direc- tion, than Dr. R. V. Pierce, Chief Con- sulting Physician of the Invalids’ Hotel and surgical Institute, of Buffalo, N. Y. ,, His “ Favorite Prescription,” is the most - perfect remedy ever known for all “fe- male complaints.” It gets at the spurce of the trouble from the inside: It 15 not merely temporary, external, local, bol< storing-up or palliative. It is a cure. on directly tones and strengthens the In- ternal organs, restores them to hgalth and regularity, and completely bamshes the continual weakness, drag and dram which wear out body and mind. Its ,, 4 sale exceeds the combined sales Of all other medicines for women. In everv American household, there should be a copy 0? Dr. Pierce’s great work, :‘Common Sense Medical Adviser," I008 pages, illustrated. One copy free to any addressou recei t of 21 one- cent stamps to pay for mailing any. World's Dispensary Medical Association. Buffalo, N. Y. RUMMllI ' *~ BROTHER tumour son AND MIN- ERAL unit Flavorir. £2“ Extract,s Also the Syi i. ps and Olden Time Fruit Juices, Root Beer. lemon Soda, Soda Water- Sarsaparilla, Supplied 'in Birch Beer, Steel Fountains. Seltzer and Vichy in Siphons. Address ' H. J. & Ii. 8. GBUMMIN, . Norwalk, Conn ' , . 5", «1‘ llIain Street, - G in cunt It PR NT NG " T0 mt: . WISE _ : a Merchants, Mar: cram w ers, LOdgcs and Societies will consult their own mien est-s by giving Dela call. ‘ REMEMBER— -l'f you have , ' «: work to d‘O,wr._ite.to us. a C.
Norwalk Chronicler