The Albany register. [volume] (Albany, Or.) 1868-18??, 1877-02-23

centvs to the poor. Perhaps it is well
enough 70 get fifty cents OH tho dollar
out Of them. But the ball itself is
gorgeous affair. When people dance
for charity they go prepared to do It.
No woman Of fashion appeared last |
night with less than 100000 OF dia-
rnonds on her person, and the cost OF
some of the toilets ran up into iong
way into the thousands. The ball cost
the people who attended it probably
$3.50 600, AID the net result to the
charity was something like $4,000.
$3.50, 900 for the world, and $40, 600 for
TIE poor.
THE LIFE INSURANCE PROBLEM.
The failure cf three or four Life In
surance Companies, which will be fol-
lowed in rapid succession by three or
four more, D,akes q decided ripple in
financial circles. These events are OF
more importance than appears npon the
surface. The companies gather money
from all parts of the country, and h, III
it here in New York for investment.
Il is loaned on real estate, and is PIE
suIned to be invested SO safely that
nothing can affect it. The Life Insur-
ance Companies with their millions up
on millions withdrawn from the circuia-
ton Of the country, represent an isnpor-
tant factor in the financial interests OF
the country, and anything that distTrLs
them diSturbs the whole country. They
are the depositors Of the peoples money,
TO greater extent than are the savings
banks, and their relation to the people
= hs1P 4ha
man IN the country kpe ws very little OF
the people in whose hands he entrusts
his earnings and he has TO take It on
faith. Now, when one of these COM
| panics breaks, and it is shown that for
| years there has been systematic stealing;
that the statements have been cooked !;
| that assets that never existed have been
put in; that liabilities that did exist
have been left out, and that the whole
fraud las been sworn 10, and that the
| officers created by the state are not
shrewd enough to detect the swindle,
it is calculated to uproot things in a
rather uncomfortable manner The
Continental was mass of corruption all
through, and the Security-Ieaven
save the mark-was still worse. The
good companies feel it soTely. For out
in Minnesota, tile difference between the
solvent and the irlsOlvent docs not ap-
pear. And the result is all Lite Insur-
ance is discredited. There have been
| three failures Of this class within few
weeks, and the effect is an almost entire
stoppage of receipts from this source.
The persuasive agent finds himself
blocked in the middle OF his discourse
upon the benefits of Life Insurance, by
the terrible word Security" and il he
survives that, some one throws "Conti
nental' into his face, which finishe:
him. All this is wrong. There arc
perfectly sound companies, and life in
surance is q necessity. There is NJ
more reason for delsouncing life insur
ance because of three scoundrelly com
panies than there is denouncing christi
anity because an occasional clergyman
makes q slip
CASE OF SERIOUS TROUBLE.
A very curious incident occurred
eliminated last week. 4 young swell
belonging to one OF the rich familie
was engaged to be married to youn:
lady possessing more beauty and brain
} than money. The young fellow is
fool, as is the case with the most of u,
!. young fellows who hare money in tn
city. but the girl accepted him, all tn
. same, because be was reputed to hav
, All income of $35 900 per annunl. ]
} was rather comfortable thing to Ilav
! q rich fool for husband, for while h
; could pay the bills, and keep her
diamonds and all sorts of things plea:
ant to the feminine mind, he would nc
be in the way of her enjoying herself a
. she chose. The wedding was to hay
J taken place last week, bat il was unat
|. countably postponed. Finally the caus
. transpired, the young mans incom
came entirely from real estate, mostI
3 on broadway, and The young Ia ly ha
q very prudently been making inquirie
. One store which had rented for s12, ,O0t
> was empty, and there was no prospet
3 OF its being occupied for some time al
] other was occupied at reduction
, seyenty-fye per cent, and to sum It a
) up, the income of S35! 900 had sIrun
: 20 less than $4,000. She prompt
. declined 10 enter iato the marriage sta
t ON any such money, and notified u
2 groom in expectation, that the nnptia
@&e~AA&A 10 4s@Ab[@A eA9A OAeA RA~0ytf~
; could be made mp. Tho young nls
. was IN despair. There was no use
B trying to do anything with real estat
: for that is drug, and 50, between dc
: pcFation and brandy, he raised mon'
BY mortgage, and went into Wall stret
Need detail the result? He came o
of that place plucked clean as pigeo
Z for he bought on falling market 81
! sold on a rising one, as all sach fello'
do, and from an income Of $4,000
/ was young mas about town with
income whatever to speak OF. /
!, threw himself upon her mercy b:.t
Jared worse with the adasnantiHe YOU
!. woman Of the world than he did
: Wall street. She declined 20 see hiI
: and Iorthwith engaged herself 20 anot
er fool whoRe father was smart enous
s 70 put his money into gas stocks, viii
!. never can depEeciate, having n city
a awiudle. And tho discarded lover
y. -