New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-21

Somebody's ROfu uuE44N 10 40 49, So NS-
Only two mems words x9qld be Of s5 any v oga b,v5
i,ts+ r,ad ft clear that this case neither would
worth , t9s e5ea absoGtey to be party to any
pavr1ent that could be traced baCh 70 MN
put forward dozen ways 70 meet me emergency
but he would have none Of them lnaIy he sug-
gested method which was Germany petLeCL or us
the chances 3 a Mckinley victory in the election
the following week t 9oHs afes showed that unless
something radical were done BRYAN, Woula surrey
dozen Of the biggest hnanciers in Wall Street and
Il was decided TO turn al Sso r y 200 o6 b4 hen
raised under RoRerss direction. to be turned over
70 MeFK Ja ia4 oar a the Wan Street broker Who
acting Rogerss represeiltt4l4.e - C1eclLIs
the money. It would be legitimate Ior the na-
tionaI committee TO pay out money 10 carry DeIa-
ware, and he: Rogers would arr4se t - iLt NE
through this channel Thus he would be complete
Freely and frankly explained situation to him
IMOorel. with its inuumerable complications llALL
RrohounGeu 0T5 p ar talk was ended he
I've been over Addicks's affairs with Lawson;
and there is no question in my mind and that Of
other friends Of the party that he should nave
better have the committee ready TO Put IN between
s500O0 and 800 900 if We call for It. VIII see tnat
Il is kept down low possible. ....
Osborne then spoke his piece and replied that the
asked me to send Addicks round next day to ex-
plain Just how he was pushing things IN DelaWaLe.
HI ibis was play acting for the benefit of R'ss'''
After winning Addicks to consent TO the scheme
the details were worked and the deal completed
The article continues:
Before took the train for Boston just after
the last deed had been signed. Braran, oster ana
20 90 me manner "a % tI7 me 60 n W. IN
derstood that no one should take another's word
should pass Until specfdc perfornance of all the -
the receIvership. Foster and Braman were % De
cash coming to them should be arranged in sep
arate piles Of bills. The two packages containins
$4,000 were 70 be IN the custody Of John Moores
colnse! ard AdAcks, had oeen assigned 10 repre-
sent Bay state IN the court. g..
was enacted before Judge Wales that eyentfD
SATURDAY. morning in the Wilmington Circuit court
lie groups representing the separate iuterests-Ad
dicks ana some Of his Iseuteuants M partner at
counsel with their heads together; brar.Al ana
Foster nearer the judge their eyes wandering tow
partner which. II was understood, contained the
one Containing Buchanan's share from the Other
!a4en VITA tie recslveIsIlp 1oo- ~ tl- - -
niX-up had been carefully guarded against.
that the claims Of his client had been satisfied and
made q formal motion 70 dismiss the recetvership-
he L9oC nv tafenhon1d +h facts to me
signing-had resigned-that Rogers's directors We're
gas companies were now transferred to Rogers Ny
partner whispered my words TO John MOore's part
suit cases. each loaded with currency were slipped
10 Braman and Foster stimuli aneously' the mes
senger who was 70 telephone 70 their broker rose
and quickly left the courtroom, 4 brief time longer
vas cons raed IN SIGNING reeeipts csTLncates and
aver. AddicHs rose and went out among his bench
the hustle Brauan and Foster. each with his own
It was a fierce session Of the Stock Exchange
that Saturday morning Shortly before closing time
ne sTt " 81 2ATlS 7 - an III s5 -o-
when all the world knew that the receivershIp had
been lifted and our COMPANY was itself again, the
eager purchasers resold ell that had previously
me Tor, some Of the losses had previously ,suf
fered, for this latter was enabled to Tepurchase
had been begun against Bay State. This shattered
having made up their minds that they did not
know quite as much about one end Of frenzted
dent When the trasfr Of he Boston gas co1rieg
70 ROgerss control became known. that the Bay
State Gas receivershtp business had at last out
its long run.
n the advertising section Of the magazine Mr..
Lawson continues his warfare upon the great life
insurance companies, and gives IN detail the story
Of the relations between the Prudential Insurance
Company and the Fidelity Trust Company. of New
ark. y. J. He says in part;
Ny charge that the directors Of the great, life
OF America use the LlNlS
tne companies they conTol III STOCK speculate N Ior
their personal benefit Is but one contention l.
Iasnt. Here I formally add another charge 1t IS
that in the placing Of loans. in the purchase q
enterprises there are enormous profits made direct
y and indirectly, which ara pol kete1 by lldVdl-
ais and are never shown on the books Of the cor
poration.
The basis Of life insurance IS security. \ policy
aGcegIi51s II to make good It's CONTRACT with MIN
when death or time Iatures IL The vast sums n ths
possession OF the three great companies are accU-
should he invested only IN Securities Of tried and
solid worth, which will bring IN no more nor less
experiments, and. above all, no speculation. But
what Do We ind: The positions of managers and
money have become the greatest financial prizes Of
the day New and ingenious methods OF raft'' have
revenues have become The Systems" most potent
Instrument in working its VIII in the stock world
critics or corporations in which The Systems s.
yotsries have large Interests are fertile sources Of
dunn throIEh yv3fcb aeCegs - ~. lar 81 -
funds IS obtained for these latter institutions are
poses, which the insurance concerns are prohibited
Al this Is greiaary to treating the case Of the
FrddetLa! insurance company. want ID say
7eTs THAI do not know the corporation, any Of It's
Infringement Of T. ana pers5nally have never had
the Slightest connection with lis o7fcers ~
certain critics have accused me Of being unduly
porat.ons Of Which I am treating I viii co1..s5
to secret amusement at being able. In this IN
CONSERVATIVE insurance officials In America. Fred
erlck I. Cutting since many years Insurance Com
missioner for the State Of AIazsa chusetts
The Prudential Lie Insurance Company has
100000 capital stock The stock Is owned and The
company absolutely controlled by q few men. This
capital OF 10000 represents only $91 600 paid IN
in cash: the balance has been derived from stock
dividends; that IS. profits thar have been made out
o. poncyholders. IN addition TO this enormous
amount there has been paid 10 per cent in cash
dividends annually, so thar for every thousand .ol-
lars PAID IN, the stockholders hold $1,000 Of stock
upon which they receive annually $500 or, as
Commissioner Cutting puts il. each year for tn
year the stockholders have received il cash dlv-