The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-14
New York Life Insurance Company to
Change Its Securities.
NO TAXES FOR Mr.. W, W. Asst Oh
He Claims Exemption on the Ground
on-Citizenship-New York Cap
itaIists Negotiating for Bonds
of Mexican Republic.

investment NNAAAALAHHa AA~.
surplus will be invested only in BONDS
OF thoroughly solvent institutions ana
MORTGAGES on incomes producing real
estate. The other companies Will very
propabiy adopt the same course.
Following close upon tho visit OF rep
resentatives Of the German government 20
TINS county and the entertainment OF
those gentlemen by the othcers Oh nc
New York Life Insurance company tH9
action OF the directors OF the insurance. i..'.'
company is IN the opinion Oh somo N'''"-
cal men. significant
At is not known whether TINS move -
Intended to court the good viii of foreign
countries. particularly Germany '"H.."
several years ago dealt blow az tne
business of American insurance compa-
niesl. but this explanation has been sus-
eestod as possible one. Some or the
biz companies several years ago We're
temporarily prevented from doing DUST
ness IN Germany because that country
oid not like the methods or the AileiI-
can insurance corporations.
HEAVY RAIN FALL.
'rhis city was visited yesterday eve
ming by one Of the most severe electrical.
storms Of the season. The display OF
electricity was startling and the down
pour OF rain very heavy an inch ana
halr falling in loss than two hours.
William waldorf Aston has Instituted
legal proceedings 90 prevent the impos-
ton against him of any taxes on per-
sonal property I'm this city. IhrouEh
counsel be has begun proceedings DO me
Sunromo Court looking 90 "a review and
an absolute cancellation OF tho assess
mont for the purnose of taxation FOR this
wear. on n valuation of his personal
property in the sum NJ 100000 made bF
me Commits -ioners of Taxes and Assess
mcnts.
Mr. Aston holds that as he gave up ms
residence in ms cry ABOUT Two N'.lL
ago and has since been living 100 l-ohn'"
with his family DE DIS not sunI'fl I'D liNa-
ton here on bis personal properly a.a
mat the attempt 20 include MN I'D me
nst of resident taxpayers l5 un"afi'i'l-
cd and Illegal
MONEY TO LEND.
For the first time New YORK is asso-
ciated with the financial centres OF Eu-
rome in Offering au important Joan for
subscription.
The offering OF o part OF the new issue
or Mexican national bonds I'm this cry
marks au epoch iu our financial history
ln tho mast the Offering of any part Of
such n loan in The United States would
nave seemed like bringing Goals 20 New
castle" for our largest manufactured
article OF export was securlties-manu-
featuring. mining, land and railway
stocks and bonds The influx or foreign
canit9l ON large scale however. was
checked by the Earrings failure nine
years AGO. and tho return Tow of our se-
curtues was subsequently intensified by
fears that our debts might be paid on
with denroci9fed silver. Last year orr
continued economy On consumption Of
foreign goods Joined with enormous eN-
ports OF wheat and other merchandise
brought the rest of the world enormous
By in our debt.
And now we have grown so ll,n tltl
money for months-and uniu Wllhlh ,us
past few weeks-ruled ar lo"et TO-
here than I'm the congee' eeil'Ie7 W.
capital or tne old Wollo' anu a. ..,-,,
milton or Lhi7 a. pot -lIH ~, w., a., ".
loan is oileieo I'I S1o7'i
ioIN' .ro ,,.,..,., .r4u-.pN- law
~, 49, w., yesterday
'oi pr 1.'''l .,..,....,. Curt 3, case TO
.-.. .,., l..,-.t.,,tio,oiitv of the Ahoqrn
Ian. ,,,5er ,rbicb MANY New York ON.
o',,, ,..r5ioated after charges are de-
,,ana,nr mat they be reimbursed for
their expenses IN their defense
While this test case was being brought
I'm the Supreme Court more than hair n
hundred additional claims. se-tlng sums
aggregaung nearly N37""' Were n,,H5
filed IN the office or the 'oul li.-.'
These claims. with tho7e prev
corded. make total cI'l".7 49,.
g-oofo that have peen put l,. t'. ~. 49,
nave untll Aneli@t -'lh IN WIZ ~
similar demands upon l'.e .,.,o7 from,
pe,1'.. ',.,i,. ...,,, ,,,or rcs,,r+
Iia'l.l'e5,,. ~, o., ~ - t,.o mon rohn
ING IN me oLo"hllL "i wv - an. a..
keole ana H'MaI. ''l'l', >--.....,.,.
n boat h~hine IN me p."u q, .l''
Yesterday when tney hau.,u li A.. -,
They tried 10 N.l lhelr c.pu'v IVY .t..
me on il. ana lh 50 "vi'7 N'i' N'' '''
bottom our OF their oo'~ .....
Both were dropped mo "e9p w..
hundred yards from SHORE w
only heeIe could SWIM. 'oIno,
his companion VI sue" d ~. -, .,.,,.
hamper him and dragged nlm Gown
rIal 'lil,s. DuS -, IN ia,d with The
i,,, - o., tlr, roth were so
ol,.I ,..,.--'e 49,. l,fro4 tho hank
~. .t, e,-o,,,5 for some
,l"l my 'at -" .t,, o., ,,.ort
"N'' "''''' '''s -.
AFTER IAAMNN - -.,..
TammanY Is stlrIea un "F.' que 49,,
of Superintendent OF f.leel'llls .t-
laeh Mr. McCul.aeh mas "iI,,'" NY.
Police Commissioners qhotlnS we wv
and demanding tnit tneI l,Ii7" .'',''
"torinWiih n report OF at p,.y, D-
ing liquor licenses IIo,n ,,lS ,-s,-,.. 49,,
pariment tosetner WIN l'.i mn. 49,,
as 10 "ne'Ier .i,.s7 -, 'i,o,s 80 tho