The Lake County star. [volume] (Chase, Mich.) 1873-current, 1877-02-08

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i, from his retirement till after ,IS
, struggle was over. lie supported
the compromise in way that was
singular, to say the least, for Re,
5 publican, and his enemies in the
+; city asserts:that he is preparing for
! a change of base. 1t is not sun.
, posed that he will go over to the
democracy, but it is expected that
I ne, Davis, and dozen others who
, have had half and half utilization
3 with the Republican party, will Or
, ganize an Independent body. Conk-
!, ling is soreheaded, and is in the
precise frame of mind to make a
: fool Of himself, as greater men
than he has done. 1t is pity that
a man with the talents he possesses
could not be better balanced. He
has too good an opinion of himself.
= CHARITY.
There is great deal of actual
charity in New York. Probably
no city in the world does more in
proportion to its population and
wealth, but mixed up with it is an
: amount of snobbery and bosh, that
is as disgusting as true charity is
delightful. The charity bali, in
aid of the Founding Asylum is
regularly the event Of tho season,
and while it nets very consider.
able amount of money for q very
deserving object, the manner of it is
enough to turn Christians stom-
ach. 1t is as snobbish as anything
can we'll be. 10 begin with, it is
made exclusive, and all tho snobs
and all the would-be fashionables
have to have their names in all the
papers. The list of "Lady Patron
csscs" has to appear in long COL
umns, and the cost of advertising
them runs up into the thousands.
Now all this is of no account what
ever, from business point of view,
except that as it is recognized as
the big thing of the year. Mrs.
Shocks Thompson would not thrill
Tor charity at all unless she saw
her name in the list. 1t pleascs |
the wife of stock Spectator, who
has made fortune in year or
two, and who has lately moved into
a gorgeous house on one of the
avenues, to have her name published
as prominent lady, for it establish
es her consequence, and only costs
her the price of a half dozen tickets
at five dollars each. Fully one
half of what ought to be the profit
OF the ball goes to feed the van
ity of those who attend it; that is
they contribute fifty cents to their
own vanity, and fifty cents to the
poor. Perhaps it is well enough to
get fifty cents on the dollar out of
them. But the ball itself is a gor-
geous affair. When people dance
for charity they go prepared to do
it. No woman Of fashion appeared
last night with less than 100000 of
diamonds on her person, and the
cost ofsomc of the toilets ran up
into long way into the thousands.
The ball cost the people who attend
it probably $25O,OO0, and the net
result to the charity was something
like $1O,O00,-S232, 900 for the
world, and $4,000 for the poor.
THE LIFE INSURANCE PROBLEM.
The failure of three or four Life
Insurance Companies, which will !
be followed in rapid succession by :
three or four more, makes decided !,
ripple in financial circles. These ,
events are of more Importance than =
appears upon the surface. The !
companies gather money from all q
parts OF the country, and hold it $
here in New York for investment. =
1t is loaned on real estate, and is :
presumed to be invested so safely 6
hat nothing can affect it. The Life =
Insurance Companies with their =
millions upon millions withdrawn !
rom the circulation of the country. I
'eprescnt an important factor in f
he financial interests ofthc country, q
md anything that disturbs them 4
listurbs the whole country. They i
re the depositors of the peoples O
money to greater extent than arc 7
he savings banks, and their rcla- y
ion to the people is one of conf q
ence purely. For the man in the d
ountry knows very little the peo-
lie in whose hands he cntrusts his :,
arnings, and he has to take it on h
'ith. Now, when one of these COM W
anics breaks, and it is shown that n,
n years there has been systematic T,
tealing; that the statements have "
cen cooked; that assets that never ~ ~
Sistcd have been put in; that ot
abilities that did exist have been n
1T out, and that the whole fraud or
IS been left out, and that the no
hole fraud has been sworn to, and Va
lat the officers created by the State oh
e not shrewd enough to detect tn
e swindle, it is calculated to up- 70,
OF things in a rather uncomfort- es
lie manner. The Continental was tL,
mass of corruption all through, in,
d the Sccurity-IIeavcn save the to
still worse. The good 90
mpanies feel it sorely. For out sul
Minnesota, the difference between en-,
g solvent and the insolvent does this
t appear. And the result is all mis-
fc Insurance is discrcditcd. This d,,
wrong. There are perfectly sound ella
and, life insurance is dea
COSTLY Thero =, M -, <,,.~ mana.