New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-17
FOR THE BUSY MAN.
Constant Reader Tells What He
Missed an Last W6ek'S
PGperS.

'T had a chance to insure my life yesterday
which will make me independent twenty years
from now said the Busy Man radiantly on
again meeting his friend, the Constant Reader
'I wouldn't rush into it until this invesuga-
ton of the big companies is over, was the re-
ply Inquiry has brought out the fact that some
of them are really oIigarchies run by few men.
An officer Of the Mutual Life testified that he mad
the power of placing millions of deposits, the
daily balances. with various trust companies.
A member Of the finance committee of the Met
ropoitan Life admitted that the vast syndicate
transactions of that corporation were pracu-
cally handled entirely by its president"
We'll. I don't see any harm in that If these
fellows know their business interrupted the
Busy Man.
Just wait a moment said the Constant
Reader quietly. 1T was also shown that the
companies often suffer big losses through specu-
Iation One instance was brought out where
the NeO-Yorlx Lire lost ZOO in a $4,000, 900
venture 1t was also testified that the compa-
MES buy great blocks of stock and sell them the
same day, a procedure which many say is sim
ply the old game of washing sales It also
appeared that the companies give tremendous
contributions for campaign purposes. @. w.
Perkins vice president of the New-York Life,
testified that the sum of s48702 was given 70
Cornelius N Bliss for the Republican campaign
of 1904 He defended this action by saying that
| the company thought the election of a Demo-
cratic President would jeopardize its interests
"The insurance investigation is about all that
people are talking about in town just now,
! said the Busy Man
1.-THE row in the anti-Tammany camp has also
| attracted considerable attention" responded the
| Constant Reader. 1.-THE Citizens Union has
| bolted At the fusion conference Thursday
| night the followers of R. Fulton Cutting de-
! cided that Republicans were going to dictate
the ticket and so they simply quit. Tomorrow
! night they'll decide whether they'll run an in
| dependent fight against Tammany Hail. AS 1t
| looks now Jerome won't get the support Of the
| Republicans or the Municipal Ownership crowd.
! At present It looks as if fusion had gone to
! smash Mr. Grout meanwhile said in q letter
| IN the Mavor that he would not run again for
| Controller on the Tammany ticket. Jersey poll
| tics too have been boiling Everett Colby who
has been fighting the Essex County Republican
| organization defeated it in fight for State
! Senator Mr.. Colby is an ardent supporter Of
| limited franchises and taxation of railroads at
| local rates. In Philadelphia reform dealt ma
| chine politics a blow. when the Durham gang,
| for fear of Mayor Weaver, withdrew four can
didates it had nominated for various Offices
But it's still too early to talk politics." re-
| noonstrat ted the Busy Man. Whats been done
| about that elevated wreck?"
THE State Railroad Commission has been
probing the accident caused by a 9th-ave. ele-
| waited train jumping the track at 53d-st. and
| 9th-ave," was the response Twelve We're
| killed and forty-two injured It was the first
disaster of the kind in the history of the ele-
waited railroad service. The accident was caused