.5. I IO CONSIDER TRUSTS OPINION 0F Ell-SECRETARY MORTON. Combinations Are Subject ’to the Same Laws as . Individuals—There Need Be No Apprehension as to Destruction of Competition. um. CHICAGO, June 26.——Secretary Eas- le'y of the Civic federation of Chicago, under whose auspices a conference will be held in Chicago Sept. 13 to 16 to con- sider trusts and combinations and legis- lation for their control, has received hun- dreds of letters from prominent men all over the country accepting invitations to be present at the meeting. Among tnose who have signified their intention of at- tending the conference in person or who will be represented are Governors Pin- grce of Michigan, Roosevelt of New York, Stanley of Kansas, Sayres of Tex- as. Mount of Indiana. Fancher of North Dakota, Thomas of Colorado. Tanner of Illinois, McLaurin of Mississippi, Mc- Miliin of Tennessee, Poynter of Nebras- ka and Lee of South Dakota; John B. Clark, professor of political economy, Columbia university, New York; J. B. Sunks, professor of political economy, uornell, and an expert in trusts and ombinations for industrial commission; L". E. Dowe, president of the Commercial Travelers’ National league; Francis B. Thurber, president of the National Ex- porters’ association, and many others. In acknowledging the receipt of an in- vitation to attend ex-Secretary of Agri- culture J. Sterling Morton of Nebraska says: ,, “Trusts which are overe'apitalized are born of the machinations of shallow and impractical men. They will fail and no one be harmed except those whose Cl‘edll‘ lity ledthem to invest in their securities. “There is much misapprehension as to incorporated capital in the United States. Oratorical vagarists have endeavored to make common. people believe that incor- porations are not subject to economic laws of competition and that the relation of supply to demand is not the sole regu- lator of values. The fact, however, re- mains that money invested in manufac- tories or in railroads belonging to incor- porations is no stronger, no better and no more exempt from the operation of commercial laws than the money which is owned by individuals. There need be, in my judgment, no apprehension as to the trusts crushing out all competition. "‘W’ith the exception of the oil trust and the sugar trust, failure among trusts has been universal. The whisky trust, the tobacco trust and all the other trusts of any importance up to date, except those that have been formed very re- cently, have been complete failures. These failures have come. firstly, from overcapi- _ talization; and, secondly, from misman- agement. Intelligent competition can en— ter the field against any trust on earth except one which has a natural mpnopo- I? (by this I mean one which, like the Standard Oil company, owns the only oil producing lands in the country) and suc— cessfully put its products 'upon the mar- ket with the sympathy of the consumer all on its side. By this I mean that out- side of trusts copartnerships and stock companies may be formed with' capital. energy and ability to successfully take thegmarket against any and all trust precincts except those which are the re- sult of a natural monopoly. “IV'hat.-~ca-nvb.e accomplished by legisla- tiOn;or regulatory laws I cannot see, nor - do I look to such enactments for a reme- dy of ~any evils that may grow out of - trusts; Of course, it is fashionable, it is , epidemic to denounce all large aggrega- tions-of capital as ‘trusts.’ This mania will at last exhaust itself and the country will find that those who. have been dam— aged by trusts were those who bought their securities for more than they were worth." ‘ Hundreds of other letters have been received, the writers in nearly every case expressing sympathy with the purposes at} the conference. w&., 4.:- - The New French Ministry. PARIS, June 20.——At the cabinet coun- cil yesterday M. Loubet, the president, signed orders making the following changes: M. Bertrand, procurator general to the appeal court; and M. Feuilloley, mifftie:prosecut0r, are both removed; M. Bulot.‘ advocate general, is appointed public prosecutor; M. Lombard. whose dismissal on account of the Deroulede trial has been much criticised as unjust, is: appointed advocate general. The i premier, M. “’aideck-Rous‘sean. read a: draft of his speech in parliament. which l willeibe very brief, merely announcing. that] the new ministry has no aim but to ' follow out the order of the day voted on June 12 on the motion of M. Joseph Ruau, Democratic Radical, representing the Second district of St. Gaudens, which was as follows: “The chamber is deter- mined to support only a government r. . solved to defend vigorously republican in- stitutions and to secure public order and passed to the order of the day.” Ll" Mayor Jones Willing. CHICAGO. June 26.-—A special to The 1 'l‘imes—Herald from Columbus, 0., says: “in a letter to :1 Columbus friend Mayor S. M. Jones of Toledo announces himself ready to stand as a candidate of an inle- pgnzlcnt movement for govern-.23 and Odds: ‘l have nothing to concede, and L am more than ever convinced that the day of political parties is passing. 'Par- ties and party machines will find them- selves ont of a job, so to speak. They are expensive and frightful burdens on ‘rlie body politic. They are a p031tive menace to liberty and stand directly athwart the path of progress.” Blots In Italy. ROME, June 26.——Serious riots have broken out as Ceccano, about 50 miles southeast of Rome, in consequence of a priest having excommunicated a man for a private quarrel. The man defies and ignores the excommunication, and the priest has ceased holding mass. The commune is divided into rival factions, and already several men have been kill- ed. The troops have been sent to occupy the town. A Veteran Oregonian Dead. PORTLAND, Or., June 26.—-Colonel Thomas CorneliuS, a pioneer of 1845, is dead at his home in Washington county. In 1886 he was a candidate for governor, but was defeated by Sylvester, Pennoyer. He was a veteran of two Indian wars in the northwest and in 1861 raised a regi- , ‘ment in this state to fight for the preser- aation of the Union. “ COLUMBINS Fl 31' TRIAL. finally Outstrips the Defender In an Eight Knot Breeze. ‘ NEWPORT, R. I., June 26.4—The first trial trip of the new America cup de- fender Columbia, which took place in ,Narragansett bay, turned out to be mpre spgce‘ssful thug either her builders 0F heI owners had réason to hope. Not only did the new boat show herself to be able it every particular, but she met t e old racer Defender in a friendly brush of a mile to windward and vanquished he: with the greatest ease. The race between the fliers, which was over in five min- utes, wassailed in an eight knot breeze under the same conditions, each boat car- rying .three lower sail-s with sheet well flattened. It took the Columbia about three minutes, sailing from the Defend- er’s weather quarter, to blanket her, and in five minutes she was 100 yards ahead, going past the old cup defender as if the latter was anchored. Under these condi- tions it would seem as if the Columbia was from 15 to 20 seconds a mile faster than the Defender, and if she can make the same gain-in a hard blow, anxiety as to the safety of the America cup will be considerably allayed. The trip yesterday was the builder’s trial, and although the managing owner, Mr. C. Oliver Iselin, and a number of his yachting friends were on board. still the Columbia’s famous designer, Nat I-Ierres- hoff, was in charge, and after the sail down the bay t boat was towed back to Bristol for a fey minor repairs. PEACE CONGRESS RUMORS. Germany Will Consent to Arbitro- tion Under Certain Conditions. LONDON, June 20—le correspond- ent of The Daily News at The Hague says: “Count Munster, the head of the German delegation, has received Prince ~I~I_ohen_l%he's instrugtiops, and Germany will wit draw her objections to the estab- lishment of a court of arbitration provid- ed the obligatory clauses are expunged. The Russians themselves do not expect a majority for their disarmament propo- sals, which are not advanced seriously.” The correspondent. of The Times at The Hague says: “The following is the text of Russia’s naval proposal: ‘Accep- tation ofthe principle that for the term of three years the sum of the naval budg- ets shall be determined with an engage- ment not to increase the total during that triennial period and with an obligation of announcing in advance for said period— first, the total in tonnage Of those ships of war which it is proposed to build, without specifying the models thereof; second, the number of oilicers and crews in the navy, and third, the expenditure on works in ports, such as forts, docks, arsenals and the like.’ ” BASEBALL SCORES. Rest‘ts of Yesterday’s‘Games In the National League. At Chicago— Chicago ............ 0100101 00—.’: Brooklyn .......... 0 0 1 Q 0 0 2 2 2—7 Hits—Chicago, 11; Brooklyn, 8. Errors —Chicago, 4; Brooklyn, 2. Batteries—Tay- lor and Donohue; Kennedy and Farrell. At Cincinnati— Cincinnati ......... 3 1 0 0 0 2 0 0 *—-t Baltimore ......... 001000000—1 Hits—Cincinnati, 8: Baltimore, 4. Errors —Cincinnati. 1; Baltimore, 2. Batteries—— Breitenstein and Peitz; McGinity and Rob- Ins . Second game; Cincinnati01001001000 Baltimore.300000000000—~E Hits—Cincinnati, 7; Baltimore, 9. Er- rors—Cincinnati, 3; Baltimore, 2. Batter- 1—4 ies—Hahn and Peitz; Kitson, Nops and ‘ Robinson. At Louisville— Loui'sville ....... 2 0 0 0 2 0 0 4 *—£- Washington ....... 0 0 O 0 0 0 1 0 0—1 Hits-Louisville, 13; Washington, 3. Er- rors—Louisville. 3; Washington, 1. Bat- teries—Cunningham and Powers; Weyhing and Butler. Second game—- Louisville .......... 0 0 0 0 1 I 0 5 *—-—-'I Washington ....... 1 2 1 0 1 0 0 0 0—5 Hits—Louisville, 11: Washington, 8. Er- rors—Louisville, 2; Washington, 4. Bat- teries—Brashear and Philippi; McFarland ' and Butler. At St. Louis—- St.Louis ....... 0011001000-3 NewYork ...... 000030‘0002—5 Hits—St. Louis, 11; New York, 11. Er- rors—St. Louis, 0: New York, 2. Batteries ~—Powell and Criger; Seymour and War- ner. Second game—- St.Lou15 ...... ..100000‘00‘0——1 Cleveland ......... 0 0 0 1 0 0 0 2 0—2 Hits—St. Louis. 8; Cleveland, 9. Errors ——St. Louis, 2; Cleveland, 1.. Batteries- Guppy and Criger; Hughey and Schreck- engost. . Table of Percentages. ‘ W. L. P.C. Brooklyn ....................... 45'; 14- .763 Boston .......................... 3 19 .661 Philadelphia ................... 35 21 .625 Chicago ......................... 35 24 .593 St. Louis ....................... 34 26 .567 Baltimore ...................... 32 25 .561 Cincinnati ..................... '. 28 29 .491 New York ...................... 28‘ 31 ‘ .475 Pittsburg ....................... 23 31 .426 Louisville ....................... 20 38 .345 Washington ............. .. 18 42 .300 Cleveland ...... . ................ 10 45 .182 CON DENSED DISPATCHES. The United States cruiser Newark has arrived at Valparaiso with all well on board.’ . ’l‘wo'wives claim Colonel John Gaynor, treasurer of the New York state Demo- cratic committee. Governor Roosevelt was given a most ~ enthusiastic reception at Las Vegas, N. M.. by the Rough Riders. . Jewelry and clothing valued at $50,000, ' brought by Mrs. Dodge from Europe, were seized at the New York custom house. , The St. Louis Baseball club has pur- 'chased Centerfieider Hemphill of the Grand Rapids club. The price paid was $1,000. « Fire in Oswego, N. Y., destroyed the Oswego Crate factory and slightly dam- aged the Ontario Bicycle works and Findlay’s Machine works. The loss is estimated at $10,000. A $250,000 Fire In Boston.‘ BOSTON, June 26.-—-Fire which start- ed at 10 o’clock last night gutted the four upper floors of the,six story brick building at the corner of Pearl and Pur- chase streets, ‘and also damaged to some extent three smaller blocks adjoining on Purchase street. The fire apparently started in the rear of the office of The American Wool and Cotton Reporter, on fire was practically under control. The loss to the building alone will probably reach $100,000, and the occupants prob- ably will lose $150,000, including the val- ue of the books in process of binding. Three hundred hands were employed by the binding company. Rescued Fr’om Drowning. CAPE MAY, N. J ., June 26.——Willis I4, Moore, chief of the United States weath- er bureau, and Philander Johnson, a \Vashington newspaper man, were rescu- ed from drowning yesterday while' bath- ing by Congressman Henry C. Louden- slager of New Jersey and S. H. Kitkpat- rick of Philadelphia“. the second floor. Soon after midnight the . l llou ll Salads?" PeopIe-are Talking all Over Norwal'k. This Report Comes From South No‘rwalk. How it. spreads. , Can’t. keep a “good thing” down. Ever notice how “good things” are imitated ‘P ' Better the article more imitators. Fortunately the public have a safe- guard. ' Praise cannot be imitated. And true praise takes spreads. ' Claim is one thing proof another. Claim is what the manufacturer says Proof is what the people say. ~ . ‘ Norwalk people say Dean’s Kidney Pills cure Sick kidneys. , Cure all kidney ills. Hundreds of citizens testify to this. Here is a. case in point. Mr. Frank St. John, No. 56‘ Taylor Ave., 21. locksmith by trade in the em- ploy of the Norwalk Lock CO. says: "I am not. the only one engaged in my calling who suffers from backache ag- gravated by the, constant change of pO< sition—and the bending and snooping. There are others in the factory and in the city I know Who are troubled in the same way. I had some disorder of my kidneys which led to a constant and 'painful backache. I procured a box of Dean’s Kidne Pills an a. drug store and they broug t. about. entire re- lief. I am only too pleased to recom- mend so valuable a preparation. En- dorsation like the above is ab'undam. in Nor-walk. Ask Glendening & . Co. what their customers report.” Dean’s Kidney Pills for sale by all dealers; price 50 cents a. box. Mailed on receipt of price by Foster-Miiburn 00., Buffalo, N. Y., sole agents for the U. S. lemember the name—Dean‘s—and take no other. root. and When you' awake- more tired than when you went to bed. With an unpleasant taste in the mouth, your tongue coated and dry, and having no appetite for breakfast, you are suf- ferlng from Dyspepsia. _ Numbers of people are suffering ser. Iously from this complaint and its result, when one package of U. S. ARMY dc NAVY TABLETS will bring about a pronipt'cure. A few doses will do more for a ll cal: or Sour Stomach than a pro longed course of any other medicine. hothlng can be used with so much cer- tainty 111 obstinate cases of Constipation. These tablets are the outcome of years of study. and are compounded of the finest drugs only, purely vegetable,they do not gripe, produce no reaction. Take no substitute. 10 CENTS PER PACK- AGE. If you cannot get them at your drug store, send 10 ets. for a package of 12 to the if. S. 9 RMY a: NAVY TAB- ' LET CO, 1': EAST Hen 31.an YORK. A Bogus $202000 ‘Eote. PROVIDENCE, June EAI—Bliss Ra chel C. Hicks, who claims to be travel~ ing missionary for a woman’s college at Denver, is being detained here pending. an investigation of an attempt to have discounted a note for $20,000 which she claimed had been signed by Miss Helen; Gould of New York and indorsed by Ed— win‘ Gould. When the note was present— ed at the Union Trust company’s estab-- lishment, Miss Hicks, the bank officials: claim, stated that Miss Gould gave it to her March 29 last. The bank communi- ' cated with Miss Gould and was inform- ed that she had not signed the note. Miss Hicks still insists that Miss Gould signed it in her presence, as- also did Ed- win Gould. More Yellow Fever In Santiago. SANTIAGO, Chile, June 24'..——Five new cases of yellow fever are reported—three soldiers and two civilians. No. deaths are reported. Today the festival of San J u- an will be universally observed by the Cubans. It is the date announced for the much talked of “outbreak against the Americans.” Last evening the streets were filled with masqueraders, and all business houses are closed until Monday. There is not, however, the slightest rea- son to expect any trouble. ,Pension T00 Liirgev. ‘ WOOSTER, 0., June 24.——A special agent of the pension department in VVash- ington is here investigating a very novel pension claim. John J. Hullinger, a help- less pensioner, is receiving $72 a month. Recently he wrote the department at \Vashington that he was receiving too large a pension—that $50 would be suffi- cient. 'I-Ie is entirely helpless and re- .quires an attendant. Praise For Von Bulow. BERLIN, June 24.—The leading jour- nals of this country eulogize Count von Bulow, the minister of foreign affairs, for what they characterize as his master- ly handling, of the negotiations with the- Spauish government for the possession of the Caroline islands and for his suc- cessful conduct of the affairs of the for- eign office. ' Sage Will Be Superintendent. NEIV YORK, June 24.——Omar V. Sage, formerly warden of the state pris- on at Sing Sing, has been chosen super- intendent of the house of refuge on Ran- dall’s island. Mr. Sage will begin his new duties on Oct; 1. The salaryz'of the last incumbent wa§ $4,000, withhouse and maintenance for self and family. Fatal Mine Explosion. ROSSLAND, B. 0., June 24.—An ex- plosion occurredin the War Eagle mine, the scene of the fatality of a month‘ago, and three men are lying dead at the morgue. Another is probably fatally in- jured, and a fifth is seriously hurt. The Doctor's FaIIOIIIO Doctor‘s" everywhere commend Hos- tetter’s Stomach Bitters. Druggists everywhere sell in. For half a cen- tury it. has cured all troubles caus. ed by weak or neglected stomachs. It. cures as well. as prevents c‘on- stipation and imparts a healthy tone to the whole system. it Invarlably floStetter’s Stomach " Bitters. brings healrh ’ and strength THE EV RAIN G GA Zn Th‘T E’ .‘i Received for Premiums From all other Sources For all other Accounts ‘Policiy Reserves, eta, . - Contingent Guarantee Fund, , . . ;Divisible Surplus . SAMUEL D. BAROQUE [ BIORARD A MOCURDT . JAMEs C. HoLnEN l HERMANN C. VON Posi- WILLIAM' J. SEWELL OLIVER HARRIMAN ROBERT OLrpnANT GEORGE F. BAKE-E DJBLET Onoorr [ . ,t.) he user. i O‘IO I IN OF NEW. ~YOEK. .I 3 fr .. ;. INCOME. ASSETS. United States Bonds and other Securities . First Lien Loans on Bond and Mortgage . . Loans on Bonds and other Securities, . Real Estate, appraised by Insurance Superintendents at $23,534,826.88 : Book Value . .1 Cash in Banks and Trust Companies . . Accrued interest, Net Deferred Premiums,.etc. . LIABILITIES. . 0 O . insurance and Annuities in Force ' . . FREDERIG: CROMWELL J ULIEN T. DAVIES A. N. WATERHOUSE CHARLES R. HENDERSON RUFUS W. PEOKHAM J. HOBART HERRIOK WM. 1’. DIXON ROBERT A. GRANNISS Gouger G. HAVEN . ISAAc'F. LLOYD, 2d Vice-President. WILLIAM J. EASTON, Secretary. JOHN A. FONDA, Assistant WILLIAM P. SANDS, Cashier. . ELIAs J. mass, M. D‘ STUYVESANT FISH I WALTER R. GILLETTE, General Manager. ' DUEN (ill-P. BRECK, HENRY H. ROGERS J no. W AUOHINOLOBB THEODORE MOBFORD WILLIAM BABOOOR AUGusrus D. J UILLIABD CHARLES E. MILLER WALTER R GHLETTE H. WALTER WEBB nrsnnnsnmnrvms. ' To Policynholders for Claims by Death . . To Policy-holders for Endowments, Dividends, etc. 0 From the Surplus a dividend will be apportioned as none Board of Trustees- ' f OOINOI El PIN . _ RICHARD A. Mean-ELY, President. Statement for llleleal’ Ending Dec. 31:98. Accordingto the Standard of the Insurance Department of the State-0t New York. 542,318,749 '51 12,687,880 92 p $55,006,629 43 $13,265,908 00 51,485.75! 35 W $35,245,038 88 $160,956.”! 33 68,503,580 90 9,396,619 00 20.604.649 61 11,621,377 36'. W $277,517,325 3-6 233,0581640 68 . 42.238,684 68 $2,220,000 00 277,517-325 36 $971,711,997 79 lhave carefully examined the foregoing Statement and find the same to be correct. liabilities calculated by the Insurance Department. CHARLES A. PRELLER, Auditov ADRIAN ISELIN J a GEORGE S. Bownon WILLIAM C. WHITIEEI- WILLIAM ROOKEFELLMA JAMES N. JARVIE CHAS D. DIOKEY J3 ELRRIDGE T. GERRY JAMES SPEYER; , ,‘ROBERT A. . GRANISS, Vice-President. Correspon ‘ing Secretary ° - ALBERT KLARABUTH“ Assismu Secretary FREDE RIU OROM w ELL, Treasurer. ‘ . . JAMES TIM: SON, 2d Assistant Treasurer. EDWARD 1'. HOLDEN, Assistant Cashier. Treasurer - » EMORY MoCLlNTOCK, Actuary. JOHN TATLOC-K, 33., Assistant. Actuary. CHARLES A, PRELLER, Auditor. 0. cut FORD GRETSLN GER;"ASuistant AnditOr. MBDIOAL DIRECTORS: o. s. WINSTON M.D, Consulting. NIGEOLS do @ELEEIR‘E, @eneral Agents A. n. OAMB, Local Agent. » WILLIAM \V. RICHARDS, Comptroller. _ HENRY 5. BROWN, Assistant Comptroller JOHN C. ELLIO 1‘, Superintendent of Domestic Agencies. » ED W ARD LYMAN SHORT. General'Solicitor. GRANVILLE M W HITE, M D
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