The herald., 1897-05-13
OFFICE OF THE HERALD.
A 100.

ness transactions he must be on his guard
and think of the effect of what he does ana
does not say has upon those with whom
he comes in contact.--American Invest
ments.
The Suicide Clause--It is related of a
local business man that just before COM
hitting suicide, which he did Il rev Gays
ago, he carefully turned over the receipts
for his life insurance premiums TO ms peo-
ple who were made benefictaries, ana tnat
thereupon he went away. and shot himself.
He was evidently undisturbed by the
thought that any attempt would be made
to evade payment of his policies on ac-
count of his wilful act in causing them to
mature The attitude of the larger life
companies in this connection is quoted in
an exchange as follows:
Equitable Life Assurance Society of the
United States Self-destruction sane or in :
sane, within one year from the date of the
issue of the policy, Is not risk assumed
by the society In the contract.
Mutual of New York: Self-destruction,
whether assured be sane or insane, renders
the policy void, if committed within two
years from date of issue
New York Life: No conditions as to man
ner of death.
Northern Assurance Company: Suicide
not bar to payment of the sum assured.
The fact has been recognized among met
al workers that the sole obstacle to the
wide use of aluminium was its high cost as
compared with other useful metals. There
fore 1t will be good news to learn through
United States Consul German, at Zurich,
that in a short time. probably within a
year. the price of this metal will fall to
about 21 cents per pound, so that but three
commercial metals will be cheaper than
al .tt,..x .~,Alx, trA, lad pr,1 xtr
The consul bases this statement upon the
figures he has collected, showing the pro-
duction of aluminium and the prospective
increase of the plants. Last year the out
put was 4.740 pounds daily, of which 4l93
pounds daily were produced in the United
States. This year the plants will be in
creased to bring the daily product up to
42, AGO pounds.
The Journal of Commerce says: "Consid-
cradle interest Is aroused in local leather
trade circles by the recent reports of a
movement now on foot to form trust of
the manufacturers of patent enameed
leather In Newark. n. j., which is the
center of that trade. The proposition is
not entirely new, as a combination of these
interests has been talked of for some years.
thus far. however. without any material
results being reached. OF about thirty
Newark concerns engaged in the business,
one-third, 1t Is stated. control two-thirds of
the trade. The present plan of consoiida-
tion contemplates the formation of stock
company to be known as the Standard Pa
tent and Enameled Leather company"
The annual report of the general manag-
, er of the Pennsylvania Railroad company
for 1896 shows the gross earnings of the
Pennsylvania railroad division to have
been $37, ,361 .5S5. and the operating expenses
$25,3 540 making the net earnings $12. co.,
O44, which, compared with 1895, shows a
decrease of $1.559,0S3 The total number of
passengers carried in 1896 was 1S.Ol4,779. an
increase of 46,4S7. The passenger earnings
were S,927.S3S, an increase of Sal. .14S. The
passenger expenses were $5,6i1 1897, an in
crease of sS927. There was an increase in
passenger profit of s7S. 221. The freight bus
mess OF 1896. compared with 1895, shows a
decrease in the number of tons moved of
4,3S3.4 ass. and a decrease in tonnage mileage
OF 4l1,9I1.1OI. There was a decrease in earn
ings of $22S1. .SS5.S4, and decrease in ex-
penses of $6s2 26o.22. making a decrease in
profits of $1,599, ,62562.
Upon the wines of Germany the London
Times says: The British vice-consul at
Cologne states that in 1885 the wine pro-
duced in Germany was valued at 81 500 900
marks. The production was nearly 40 per
cent more than that of 1894 New vineyards
are continually being planted especially
in the Moselle district. and in some places
sufficient laborers cannot be found on the
spot. The 1896 harvest was abundant In
quantity. but the cold and wet of the au-
tumn have greatly injured the quality and
prices are very low. The import of wines
to Germany is still enormously greater
than the export; but the latter grows
q at,tlx Fpt-
try took last year G405. .1O4 worth. Spark
ling wines have vastly incrGAed in Ger
many during the last half ceniSry and now
rank nearly equal with French champagne
while the price is considerably lower.
In 1880 the population of the United States
was so, 155, 1SS. and the appropriations made
by congress for that fiscal year amounted
to $l62, ,4O4.64S. In 1880 the population of the
country was g., $50. and the appropria-
tions had increased so that for that fiscal
year they amounted to s2lS1 40. So that
while the population of the country had
been growing at rate less than 25 per cent
the appropriations of congress had increas-
ed more than "a per cent. For the fiscal
year 1897 the appropriations will be more
than S6 per cent in excess of the appropria-
tions for 1880.
The following securities have been
placed on the New York stock exchange:
$35O.00O additional Consolidated Kansas
City Smelling and Refining company pre-
ferred stock; Brooklyn Rapid Transit COM
pany, S3O6, 900 additional bonds and $4 1872 900
Columbus. Hooking Valley and Toledo
Railroad company certificates of deposit of
per cent bonds: Georgia and Alabama
railway. $2,230. 900 first mortgage per cent
preference gold bonds, and Commercial Ca
Die company. $l3,000000 first mortgage per
b cent gold bonds, Of which s4 22O. 900 are cou-
pom and IS, 7SO 900 registered bonds.
The French olive oil producers. finding
themselves unable to meet the competition
OF the cheaper cottonseed oils from Amer
ica, nave begun an agitation to have the
tarin increased from 31s cents a gallon to
cents or cents America sent to Mar
sellles last year 1882 barrels of this oil, or
nine-tenths of the entire amount imported.
Poison and Life Insurance.-Mrs. Julia
L. Day, mother. and Libbie M. Day. widow
OF DR.. Willis w. Day, have sued the Mutual
Accident association to collect $4,000 insur
ance. DIR. Day died March 1,1S93. from an
overdose of morphine taken to relieve neu-
ralgia. He was in New York in a private
car and had quantity of antipyrine pills
and some pellets of morphine. He had taxi
en- some of both medicines and followed this
with one; of the morphine pills. which
threw him into a stupor. It Is asserted he
thought the latter was antipyrine. He