t . OF NEW YO'RK. ’43? RICHARD A. monster, President. tatement for the Year Ending Dec.31,’97 .- According to the Standard of the InSurance Department of the Staté of New York. INGQMEQ Received for Premiums . . . . . From all other Sources . $42,693.20! 99 11.469.406 24 .554,162,608 23 msnnnsnrtnnms. To Policy-holders for Claims by Death . . . $13,279,630 66 To Policysholders for Endowments, Dividends, etc. . 12,712,424 76 For all other Accounts _ . . ~ . . . 10,132,005 57 $36, 124,060 99 ASSETS. United States Bonds and other Securities . . $132,017,341 45 First Lien Loans on Bond and Mortgage . . . 69,423,937 3: Evans on Stocks and Bonds . . . . 12,330,308 00 Real Estate . . . . . . 21,618,454 8:8 C, "h‘ in Banks and Trust Companies . ‘ . . 11,705,195 82 . Amoea Interest, Net Deferreg Premiums, etc. . . 6,141,200 20 his alleles and other Liabilities . . 2‘3” , , , 1 ,‘ y - , p - - - - :zaas shadow-so Insurance‘ and Annuities in Force , . . _ . $93¢5§3ief4figoj 3 _ .‘P A l lhave carefully examined the foregoing Statement and find the same' i' be-cdrrect"; liabilities calculated by the Insurance Department. CHARLES A. PREL ER, Auditor. From the Surplus a dividend will be apportioned as usual Report of the Examiningflommittee. Office of the Mutual Life Insurance Company-of New York. To TIIE HONORABLE, -THE BOARD OE TRUSTEEs on THE ”MUTUAL LIFE lllSllllAllGE AGOMPMIY OF NEW YORK. The undersigned, a Committee appointed by your honorable body, on the twenty. second day of December, I897, to examine the Annual Statement of the Company and to verify the same, respectfully—~5— 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 éieport, attended at the oflice of the Company, and have been waited a by the Treasurer, the Comptroller,the Auditor, and the Cashier, together with the respective assistants of such oflicers‘ and have carefully gone over all the items contained in the saidStatement, and have found the same to be corre ct. They have examined and counted every certificate of stock, bond and other obligation held by the Company, and compared the prices at which the same are carried in said Statement with the market quotations, and find the same not exceeding such quotations—in fact, immany eases 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 valuation of the Com- pany’s holdings of real estate and have verified the deposits of money in the various banks and trust companies. and have counted the cash on hand held by the Cashier. - And the Committee certify that all the books, papers, documents, and evidence of title of every description neces- sary in such examination have been freely submitted to the Committee by the said officers and their assistants, and tlfi't the same are 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 All of which is respectfully'submit-tcd. CHAS. R. HENDERSON ELBRIDGE T. GERRY A. N. WATERHOUSE NEW Y ORK, January 21, 1898. S. V. R. CRUGER J. HOBART HERRICK, JAMES C. HOLDEN Board. Of .Trustees- GEORGE G. HAvEN ADRIAN ISELIN JR. GEORGE S. BOWDOIN WILLIAM C. WHITNEY WILLIAM ROOKEEELLEE JAMES N. JAEVIE CHAS 3D. DIOKEY JR. ELBRIDGE T. GERRY . . . JAMES SPEYEII; " HENRY H. ROGERS JNO. W AUOIIINOLOSS THEODORE MORFOBD WILLIAM BABcoox , STUYVESANT FISH AUGUSTUS D. J UILLIABD CHARLES E. MILLER WALTER R. GILLETTE H. WALTER WEBB FREDERIO CROIIWELL JULIEN T. DAVIES _A. N. WATERHOUSE S. V. R. CRUGER CHARLES R. HENDERSON RUFUS W. PEOKHAM J. HOBART HERRICK WM. P. DIXON ROBERT A. GRANNISS . SAMUEL D. BABCOCK RICHARD A. MOCURDY JAMES C. HOLDEN HEBMANN C. VON POST , WILLIAM J. SEWELL OLIVER HABBIMAN ROBERT OLYPHAN'I' GEORGE F. BAKER DUDLEY OLOOTT ROBERT A. GRANISS, Vice-President. ISAAC F L' OYD 2d V' P 'EVAtLTER R. GILLETTE, General Manager. . .u , Ice- res: en . DUEH du-P. BRECK, ' Corres ondin Secrets WILLIAM J. EASTON, Secretary. _ ALBERT KLAMROTH, Assisgint Seiretary. ry FREDERIC CROMWELL, Treasurer. -~ JOHN A. FONDA, Assistant Treasurer. JAMES TIMESON. 2d Assistant TréfiSurer. WILLIAM P. SANDS, Cashier. ED'WARD‘P. HOLDEN, As'sistantfiCaShier. A‘ EMORY MOCLINTOCK, Actuary. .. ' - ' JOHN TATLOCK, J3 , Assistant Actuary. " ‘ . CHARLES A, PRELLER, Auditor. WILLIAM W. RICHARDS, Comptroller. C. CLIFFORD GRETSINGER, ASsistant Auditor. HENRY :5. BROWN, Assistant Comptroller ' J OHN C. ELLIO l‘, Superintendent of Domestic Agencies. E‘DW ARD LYMAN SHORT. General Solicitor. . MEDICAL DIRECTORS: . ELIAS J. MARSH, M. D' GRANVILLE Ill WHITE. M D , G. S. WINSTON M. D. Consulting. sinuous e ambush. eenemi Agents. , He looks upon display as a waste. ,best of my ability,” he replied. ; questioner asked him how he had _-star_ted in life, particularly about his Aly‘ " '4 OTHE-EVENINGFGAZETTEF THE MEI-nu. hrs INSURANCE Er. TEE RICHEST MAN. UNCLE RUSSEL SAGE GIVES ADVICE TO A BOY. .0-..“ The Sage of Wall Street Thinks There Are ' ' As Many Opportunities Today as Ever— Believos Absolute Honesty to Be Ne- cessary to the Accumulation of Wealth, If there is a man in New York who is competent to give advice on the sci- ence of making money It is Russell; Sage. He started without worldly ad- vantages and he has piled up a fbr- tune of forty or fifty million dollars. He made every penny of it himself, and he is making more right along. Russell Sage has devoted his whole life to making money. He has practi- cally no other pleasure. He does not even care for power, as do most men who have accumulated large fortunes. A boy went to Mr. Sage 'to get his advice. He was very bright, self-reli. :5an youth, and he honestly wished f0] LII". Sage’s opinion. The rich man talked to him more openly than it is likely that he would have talked to a man. . ' The youth first met Mr. Sage coming out of his Office, and requested an in- terview. The financier said that he was very busy that day, and he wasn’t sure that he could Spare time any day. The boy went back to the office. again and persuaded «the cashier to ad- mit him to Mr. Sage’s room. The mil- lionaire was dipped back in a chair, his feet resting against a radiator. He was examining the tape Of a stock ticker. “I have come,” said the caller, “tr ask you about things that are of deer interest to me and to all young me: just starting out on their careers. Wil you try to answer them as if you weri advising your own son-s.” ' - . “Why, yes; I’ll answer them to the “What are the Opportunities for boy: to get rich nowadays? Are there a: many oppOrtu'nitles as. there were fit teen or twenty_.years ago?” "Of course these are,” responded his. Sage with energy. “There art chances now to make money in some thing besides real estate. There are more men in the field now, but ill]! field is wider. I think that there is a: great a' chance for boys 'to get ricl now "as ’ there was fifteen or ever twenty-five years ago. At any rate there is always room for bright young men. Conditions never change in than respect.” RL’ISSELL SAGE. “Do you think that there is any one business or profession that Offers more Opportunities than the others? There is a complaint met with everywhere about overcrowding.” “I do not think there is any one spe- cial amen'ue which ofiers chances bet- ter than others. It depends largely upon theman.” “What about your business. Mr. Sage? Is there an Opening in it for a bright young man ?" The financier chuckled in his pecul- iar way and took his feet down from the radiator. 'He was becoming in- terested. He looked at the quotations, which may or may not have meant much to him, before he answered. “Yes,” he said, “I believe that my line still offers Opportunities for young men to get wealth. But I won’t say that it offers Deter chances than any other business You must know that it is not every young man who can make it a success.” . Again Mr. Sage looked at the tick- er and his thoughts flew away. His boyhood, of Which almost nothing has ever been printed. ‘ “Well, I Started out very young.” replied the man who is worth more than $40,000,000. “I was only fifteen. years old when I began as a clerk in a store. I slaved in that store for four years. When I‘ was nine-teen I start- ed in business for myself. “And you have never worked for any one but yourself Since?” “No; I have been“'my own employer ever since.” There was a suggestion of triumph in Mr. Sage’s tone. It was plain that the thought gave him great satisfac- tion. ' - “Did you have many hard struggles before you reached the top of the lad- der?” ' ' “I had many hard knocks. Every young man must expect that when he starts out.” ’ “HOW long did' you go to school': What kind of -an education did you have?” “I educated myself,” was the reply, and again that shade of triumph was in ’his voiCe. “I .used to study at night and get my knowledge at odd times. I belonged to a'debatin‘g s‘oci- , qty, too. I used to. be one of the best speakers in the club.” " This'jwull, surpriSe many, people. who jarclfamiliaréomy with the later" years I Mr.‘ Sage’s life. It surprised ,the L "syn who had read a deal about him. ' He said something about Mr Sage giving up publicspeaking. “No,” neturued Mr. Sage, “I kept up public speaking for many years, until I became so old that my voice weakened. . ' “'Do you think a boy should have any special training for a business career?” ' “NO. All knowledge comes in handy when you are in an Miles. I did a lot of general reading when I was a boy I and I have never regrettedjt." “Would you advise a young man to go to college if he can?" “A college education comes in han~ dy in the way that I have mentioned. It adds to the young man’s fund of general knoWledge: Most young men could spend four years to better ad vantage, though.” _ . “What would you suggest as a good investment for a young man’s sav- ings?” he was asked. “You know that there are thousands of young men who have saved from $50 to $100 who are at a loss. to know what to do with it. Is there any way in which so small a Sum can be invested '2” “Certainly. There are a number of ways in which a young man can place his money SO that it will. yield him a good return. He could buy one share in a good railroad stock or the shares of some solid bank would be a good thing. If he hasn’t money enough to buy a whole share he can find some companies which sell half and even quarter shares But he must be very careful. Let him :be sure that it is perfectly good stock and that he is in no danger of losing his capital. When he makes a profit on the principal he may be a little more reckless, .per- haps. But no young man should ever lose his principal, for if he does, he must start all over again.” “Then you don’t believe in the axi- om, ‘Nothing risk, nothing gain?” “That’s all very well, but you must never risk your principal.” The caller said that he had been sometimes asked :to invest a few dol- lars in speculating in corn and wheat and stock. , “Don’t ever do it." said Mr. Sage vig- orously. “You would lose everything.” “If a young man saves his money and invests in one or two good shares at a time, there is no reason why he should not be rich, is there?” “None in the wOrld, but few youths realize that,” declared the financier. There was a point which trOubled the young man seeking advice. He asked Mr. Sage if he thought honesty was necessary in order to succeed in business and-if most millionaires were honest. , “Why, Of course a man must be hon- ‘est in his dealings, or he would soon cease :to be trusted by . those with whom he does business,” declared Mr. Sage. “The millionaires of to-day must have been honest or they would not be rich. It is impossible for a dishonest man to stay rich any length of time.” Another thing that bothered the young man was put in the form of a question: “DO millionaires sometimes feel that their. wealth is a burden and that they would rather not have so much money?” “DO I look as if my money was a burden?” asked Mr. Sage. “Wealth cannot become a burden unless it is foolishly invested. When you have your money in safe hands it cannot help being a comfort. To me, of course, it is a pleasure. I might have been as happy without it, but I would not care to make the experiment.” He laughed heartily at the sugges- tion and then his face sobered. “I knew once what it was to be without it,” he said, “and that is why I am not making a show with it now.” When Mr. Sage dismissed his caller he invited the young man to come again, saying: “I will be glad to talk with you. I take a great interest in boys.” It is interesting to know how this man, about whom so many hard things are said in Wall street. impressed the youth who had gone to him for ad- vice. , “I shall always remember him as a kind and fatherly old gentleman,” says the boy, “who took a deep and genuine interest in me and in all boys. He gave me time that I am sure was worth a lot of money and out of pure good will and generosity.” There are no boys in Russell Sagc’s home, no children at all. The lonely old man-has long passed the three scone and ten allotted to man. Stand- ing in the shadow of declining years. perhaps thesorrow Of his childless life makes him feel a tender interest in other people’s boys. How the Bruhmin Cleans His Teeth. When the Brahm-ln' cleans his teeth he must use a small twig cut from one of a number of certain trees, and before he cut‘s' it'he’nius‘t make his act‘known to the gods, Of the woods. He must'n‘ot indulge in this cleanly. habit every day. _ He must abstain on the sixth, hie eighth. the ninth, the fourteenth, the fifteenthnnd the last day Of the moon, on the days of new and full moon, on‘ the Tuesday in every week; on the day ofthe constel- lation'under' which he was born, on the day ofthe week and on the day of, the month which correspond with those of his birth, at an eclipse, at the conjunction of the planets, at the equi- noxes and other unlucky epochs, and also on the anniversary of the death of his father or mother. . Anyone who cleans his teeth with his bit of stick on any of. the above mentioned days will have hell as his portion. Citizen—“They saythat opposite dis-l positions attract wan another. Do yez belave ut?” ' , . Biley—“Shure au’ Oi do that. .0: nlvvir kin meet an Orangeman widout clinching wid him on th’ shpot." ' - short waisted bodice. Frock for Lima, Girl. . “ ’ The little girl in the illustration is Wearing an artistic frock of dull blue style Of a yoke frock and yet is suited to an Older girl. The rounded yoke is prettily guagedh and the skirt—being" first tucked all around to the depth of about three inches—is then gathered into it. This has a. far neater appear- ance than has the full yoke effect, and is more like a. Dutch dress with its 3 The skirt has a deep hem and three tucks around the bottom. Tucks. again appear at the I“ :- wrlsts, for the sleeves, instead of bells gathered into a cuff, are tucked to form- one. This charming design could‘also be carried out in richer material for a child’s “best frock." * ' "St‘ylés for the Hair. In :~ rance‘ftsdilbn'hays' now that one may wear onefsqhalr injany stylellkedt except the pompado'ur; the pompadoun is out. of favor now with well-dressed: women. To take its place there are. several styles, and perhaps fashion is about equally divided between a, high; coiffure, with a bunch of curls over the forehead, and a parting with the waved. hair arranged flat on top and puffed out on each side. The first style ap- proaches that adopted so many years ago by the Princess of Wales, but the curls are looser and. more irregular, and, it is needless to say, not kept in place by a hair net. The second style is much the prettier, and it carried a' bit further would suggest the classical. .The curious part Of this change of style in hair-dressing is the total dis- similarity in the two fashions in vogue. . Some women who wear the bunch of curls-35m the forehead are making an irregular parting in it a trifle to one side; this adds a youthful look to many faces. Substitutes for Ten. . Of course, everyone is aware that un- der the name of “tea” we often drink a beverage which has no acquaintance with the real leaf. But there are sev- eral “teas” which are not fraudulent manufactures, though they are not made Of tea-leaves. In Mauritius, for instance, they make tea of the leaves of an orchid. In Peru they drink mate, a tea. made from a native species of holly. The Abyssin- ians make a tea from the leaves of the catha edulls, which has such stimulat- ing qualities that even a leaf or two of it. chewed has all the reviving effects of “the cup that cheers,” and thus is most. valuable to travellers. The Tasmani- ans are said to be the happy possessors of no less than a hundred substitutes for tea; , while the Tonkinese have teas of their'Own made'of' berries, leaves, woods, and bark-of trees. In Sumatra coffee leaves are infused in the tea-pot, and the result is said to be- an excellent . beverage. - .._.______._. Shawl-Shaped, Capos. I For elderly women are some new shawl-shaped capes, almost. as long as "a. Shawl" proper,~ formed very much like the newest fur capes. These are made variously of corded silk, plain satin, or brocade, and are_trimmed with a. deep graduated rufile of the same, or with rather wide lace. These capes add greatly to the beauty and effect of a . black costume, and although only silk- lined, have considerable warmth, with- out being heavy. These wraps have not yet been generally displayed in the shops, but leading modis’tes are making them up, after designs obtained from importers of French pattterns, or from models they have themselves brought from the other side. . 4 _——-—_—-———-—-J Husbands and Wives travelling to- gether in Norway pay only a fare and a half on the railways, and in Austria . .ind Hungary this is also the case. 'In the latter countries a child under six years of age travelling with an adult is not charged for, while considerable re- duction in the fare is made for children of a fumily, according to their agesand to the number travelling. ’.————— ' .The highest masts of sailing vessels .re from one" hundred and sixty to one . mndred and eighty feet high, and greed from sixty thousand to one hun- Ired thousand square feet of canvas. "' a... n. GAME. Local Agent. . .3 .- 3.
Norwalk Chronicler