The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-05
T RESI- GOSSIP
E:rGaI GOTHAM
The reuiiable WilI Not Have to Dis
burse its Surplus.
TRADING IN MONEY ON CHANGE
-, Uu.itc>- Method hy the i;anN~
Romantic Marriages on b'Nci
Day-i Baby That Weighs
Only a Pound.

NEW YORK. oct. 4-Special.-The
court OF Appeals has disposed of the ques-
ton of the Equitabes surplus as invoiN-
ed I'm a suit brought by Emil Green. As
This suit involved the surplus of every
ether mutual company it attracted great
attention at the time and the final DIS
position OF the case has been awaited win
much interest. The following is a brief
history Of the case:
The Equitable insured Mr.. Green on
July /. 1852. for so. go. payable May ? 1877,
or At his death. on June p. 1850. the COM
many paid him s23.932, being the amount
of the policy and S3,932 Of reversionary IN
surance Mr.. Greet. however, claimed his
share of the Si3217 .l79 net surplus Of the
Eouitable for 1896 and he therefore sueu
for 5000. The trial court decided against
him but the Appellate Court, IN az
cisi0n that caused much comment, deciu-
cd I'm his favor Then the case was car
ried to the Court of Appeals. whose decls-
ION Is i'm the Equitable's favor BY the
terms Of the contract. says Inc court,
"the plaintiff accepted the principles ana
methods adopted by defendant for dlstrl-
luting its surplus. The plaintit claim
that the whole surplus should be distri-
butcd cannot be sustained II II IS In con-
dict with the provisions Of the contract
between the parties
MONEY AT AUCTION
Those Of our readers who have been
watching the Wall street reports OF late
have noticed such expressions as ms
"CaU money was bid up TO - and 80 per
u frt. il
lerding has now become an important
branch of the business of the stock eX-
change as a result Of a recent change Of
policy on the part OF the banks.
The large banks are now Offering their
surplus money to borrowers IN the STOCK
exchange through those Of lis members
who are experienced money brokers. True,
this has ALWAYS Deen done 10 certain
extent. but now ii IS cone as a regular
thing and for a well defined purpose. In
other words. loans are bought and sold on
the exchange just the same as stocks
are The highest bidder gets the money.
II there is a large supply, he may get it
for 1 10 per cent If the supply IS small
and the demand eager, he may have 10
pay 20 per cent. which is the rate certain
borrowers had TO pay to-day. The banks
do not hesitate thus TO loan money at
rates that appear to be a violation OF the
usury law. In fact. there is no risk IN
doing so. The banks formerly waited UNI
an borrowers came to them for loans, and
then lent the money al per cent or less,
If the market rate was lower than the le-
gal They discovered however. -ahat GER
tain stock brokers were rigging the
money rate I'm the exchange. depressing
the rate as much as possible in order TO
force the banks TO make loans TO them at
low rates. The bankers. discovering this,
adopted the policy Of sending all their
surplus cash into the exchange and max
ing the borrowers scramble FOR It. In this
way they have succeeded In getting much
better rates. and the stock houses are the
sufferers.
DEWEY MARRIAGES.
There were several interesting marriages
in New York on Dewey Day. Miss Eliza
beth Tompkins, of TarrytOwn. and George
:. Miller came 10 New York TO see the
parade and when they went home they
were man and wife.
They went 10 New York TO participate
I'm the rejoicing over the return OF the
Olympia. They had been I'm love with
each other for some time but were not
engaged. In the great crowd they fully
realized their affection. Then, too. they
missed their train and could not get back
home until the next day. The Rev. DR.
groom. was visited. He performed the
ceremony that made them man and wife.
Their parents were much worried and
were about to send out an alarm when
the bride and groom came home 10 break
the news.
There was another marriage Of the same
character. the parties to the contract.
as the society reporters say, being Thomas
b. Fitzgerald and Miss Annie Sherman.
But the bride i'm this case Is now bitterly
repenting her hasty marriage. The couple
were married by Justice of the peace
who Yesterday morning received letter
from the bride saying that she did not
know where her husband had gone and
had only seen him twice She begged the
Justice 10 send her the mans address and
g certificate Of marriage TO show TO her
parents. Her request was complied with.
SADIE WISEMAN DEAD.
Mention has been made more than once
in this correspondence of serious charges
against the New Jersey State Industrial
school for Girls IL was alleged that Mrs.
Evler. the superintendent. was very cruel
TO some Of the girls. especially TO Sadie
yViseman. Sadie died yesterday at a
Paterson hospital after undergoing a sur
eical operation. In the morning she made
an anti-mOrtem statement I'm which she
said that she believed her present condi-
tion was due TO the treatment she receive
ed while am inmate Of the institution.
There Is am interesting baby at Bellevue
HOSPITAL Her name is Agnes Flay. and
when born last Monday night tipped the
scales ~ one pound cigar box would
make a couch for the little lady. Her
height is five and one half inches Both
her parents are above the medium size
and healthy The baby is now i'm an I'M
cubator and al last reports WAS thriving.