Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1904-09-01
NOTES FROM THE CAPITAL
Des Moines August 20 1ooA

L
| Citizens Of Valley Junction are indig-
nant over the circulation OF report
that the Rock Island is going to move
Tits shops from that place. in giving
us reasons for feeling that there can
pc no Ioundation OF truth for the story
the Valley Junction Express says:
The facts in the matter are simply
these: The Rock Island management
is in an extremely unsettled condition
and two factions among the stock
holders have been engaged in a bitter
/ warfare for four years past. and the
end is not yet. This internal fight
has become SO bitter that at least one
faction and possibly both will be will.
Ing to wreck the road to triumph over
their opponents. The Cable people
will be less willing to do this than
the Moore-Leeds interests, but the
contest is to the bitter end, and a
| receivershlp IS not an unlocked for
| event
1.-THE management are not devoting
time nor attention to changes in any
departments excepting general pol
I2icy of retrenchment in matter of
| operating expenses. The Cable peo-
| pie are DESTROYS of investigating the
books, which right Is denied them by
the other fellows who have them in
hand. The charge is banded about
| In Chicago that the Moores have TAX
| en- something like $4,000, 900 from the
| revenues and resources of the road
and thrown 1t upon "the rocks" Re-
trenchment comes as a natural conse-
| luence Doth OF this condition Of the
| management and the further condi-
| tons occasioned by dull business up-
| on the road both in freight and pas
senger departments
Auditor Carroll gave out few days
/ ago the report of John M. Emery, in
| spector for the Iowa insurance de-
partment, Of the condition of the
Northwestern National Life Insurance
company of Minneapolis, which abb
sorbed the Northwestern Life & Saw.
ings company of Des Moines last
August. Mr.. Emery says he finds the
, company solvent, but that he feels
! called upon to say that the future
! welfare of the company demands rad
| ical reforms, especially in the matter
! of the readjustment of it's policy con-
| tracts on a scientific basis and the re-
| duction of its expenses of manage
ment." MIR. Emery finds that the COM
pany has surplus of approximately
| 100000, as against over $366,000 as
| given in the comDany's own state
, ment of its condition. Mr. Emery
! makes this difference because Of
! charging to liabilities certain funds
which the company did no., These
items are savings fund liability, equa-
| ton and liability, premiums paid in
advance, liability of former officers
! contracts, due Blair & Reynolds for
reinsurance. salaries, rents, etc. Mr..
| Emery's report comedies at practic-
/ ally all points with that of S. Fl. Wolf
: OF Philadelphia, who was hired to
| make very thorough examination of
! the company, and who is one of the
g., best known actuaries of the country.
| Mr.. VOLTS report is understood to
| have been filed in Minnesota. 1t was
| because of the delay in filing the
| publication of this report that many
| policy holders were becoming uneasy
| and asking a receiver for the COM
pany, as Wolf was hired by the COM
| pany to make the examination.
Delegates of the peoples party
| ed the following ticket:
Secretary-John G. Ferris, Hamp.
| ton.
Auditor-Richard A. Feist, Iowa
Falls.
Treasurer-N. J. Harris, Des
| Moines.
Attorney General A. Lowen-
| berg, Ottumwa.
Railroad Commissioners. d. Pat
| terson Lewis. -.-. .r
Judge Supreme Court-H NJ.
| Brown, Des Moines.
lectors-at-Large-L. III. Weller of
| Nashua, Leonard H. Brown of Des
Moines. ~. 49,. .r
The delegates chosen were: First
| district, Thomas HI. Mclean. Wash
/ ington; Second A. P. Hull, Let's;
Third, E. H. Smith. Dubuque; Fourth,
E., j. Prudholm, Nashua; Fifth, ri
Dean, Marion; Sixth, J. R. Norman,
Abba; Seventh, w. d. Olney; Eighth,
D. C. Cowles, Davis City; Ninth Rev.
John Wilson, Lewis; Tenth, George
w. Wilcox, Jefferson; Eleventh, A.
Van Wangenen, Sioux City.
| The gross income of the state fair
was $50 ,07060, or $5,659.99 in excess
Of the gross receipts of the exposi-
don of last year. This income assures
a net revenue or surplus which will
be used in part in creating a sinking
fund to guard against inclemen.
weather in future fairs and in part in
the improvement of the GROUNDS.
| IF uyh
Sarah Kuhn, now serving life SEN
| tence for the murder of her crippled
husband in Keokuk county, shall par
| .icipate in his estate is before the
supreme court. Mrs. Kuhn's state
nent of her claim on the estate has
oeen filed in the supreme court. She
appellant in the case, her father
| n-law having won in the lower
| court The estate consists of the life
insurance which her husband left ed
| the small estate he had accumulated
~ cobbling shoes, possibly $1,000
! Peter HolIing. aged %, and John
Otto. aged 35, of Clinton, while
scuffling in boat upset it and were
both drowned. Two other men in the
GOAT were rescued by boys in sliiff
All sninsters are single from choice
they say.
1T is a very bad form for a person
% maze spectacular display of his
wealth" yes" answered Senator Soy.
ghum; and in politics it's wors, than
hat. It's in judicious. Washington
Star ..
Mr.. Sport-"Ethel, I'll bet you