Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-12-16

1t was an awful spectacle no s,;a :,
con ,1,,,.., mo-, ,,,o,,,t an 9"'o'' "
''' 'iiH' Iici 'ii"u'i' 'He witness stand
and boldly confess their misuse of thc
no.,I,. r, -rh ;n,,,,, =.
'op'' i"i'o. II. '''ce oH'cers DID
NOT go t. Jail. but bick to their offices
after their confessions. lie said if was ,
dcplorabi', confession To make, but Ia.
Nol'id assert that IL would be absolutely
an poSSlpie to Put me l"iSScSSor Of $1o0Jo,-
-, III any .tii ~ VIZ! !I, NouiitiY AS Il EroOf
u 49, ~ Hi!cci'ii Shtii =. necessary IN in
''iNS i'i 4ii9ui ''i'O' puipoScS, COCHRAN
sun IN,
we nav" hut TO look ut the method by
winch these three companies have indrc-
taken To rcorg;niZr themselves. What is
the first thing they nave done? Do they
90 ont ana look Tor assurances experts?
-nnt ny amy means ne ilrSt thing they
ui'I WIS 10 50 M tl'lh III AWAY.
ne fqliltahic coihI"iiF mas been rcor-
AAllztd ON Il somewhat peculiar basis. A
,lH ri'h SrhtHiil'il "hom We al have
me HSht, | SuppoS' 10 call Il philauthrO-
liSt-ior he himself has said il. and il is
greatly to his credit u1u:;htcrD-hus pur-
chased the control of this company AMI
given $50 600 for tn" STUFF that car pa.
lin, but $500 Il wear. That is Ia s:,T
obviously through philanthropy he has
given an earning mower on SIX on ono f",.
S3IsN lie is too good 4 business No., "a
have done that ;iS Il matter of rnirrs,.
There is no explanation for if cxcrnt
philanthropy I.aughter)
Now in order to Hpp';Isc tho pnpuI;,r
mind on Che philanthr1pic cut,.rnt,e,
hat has h.. done? Has ID .on,, 10 tht.
Insurance. world To lind this Talent that
Is worth $!.GGt0 year or $3.50 u year.'
by no means. He has gone outside lnG
appointed Il KIND of financial Vigilance,
committee and not on" OF til" Nigi!tntcs
mas ever ma anything 10 do with an in
Sullncc company except that DoSSibly one
OF them may hiVr borrowed money from
It. y very eminent statesman, enc of the
most Luxurious of our time has bcrI
called from the classic shades OF Prince
cline CT an illustriouN lie in COMPOSING
philosophical Contributions t. tho thoualit
IF the country, and placed in the chair of
an Insurance company with when. 50 far
as | know, II" has never ha;l the sliohtts:
acquaintance Whatever.
Another gentleman V no may have Dor
row"d money IRON IN insurance company
but certainly never had anything to do
With the administration 81 ono himself
Il financicr of no mean distinction j.. as
sociatCd with him.
And 1hi. third is n iu,Inn nm ,ninnnt
Judge. a Judge whose motives nnnodv viii
ever question but who i'm talliuc. on This
pncIiinr function of :: y-inil!r,t.. ms been
comrclIcd to disouaIifv himself from sit
ting in :. great number of eases which
the state of New York had exncct.d him
to ;Idiudcatc
And i'm order To make effective this re-
form n gentleman i selected who NAV
have been a good rlilrnad mon-I bcliryt
NJ v,s-.,nd "a h.,,.n thn .,,Ithnritv II no
President f1r it thnt he WIS an l:xrnIlent
cabinet officer TOO good in f;ict 10 ~
l.inir Ga1irhter)-.nf This gentleman who
il, ihp ,v.Ill;c If life where 10 brd nroyrn
his nftirinpcI- I dc nor believe could com
n1ard nynr ~ 90 IN. s.1 ooo ;, y.Ir gets
$50 600 in y calling for which no has had