Durango semi-weekly herald., 1905-02-27

- thority tnat al yesterdays sas- =
q sion OF Standard Oil magnates Z.
- 81 100000 was set aside to be !,
:, used In every available way to Z,
:. meet the onslaught OF the var. Z,
q ious states. g
g Standard OIL stock has 9,
3 reached lowwater mark-$590 .,
6, the lowest per cent in many .
g, years. .
g &,
6. g ., 6. 9, !, i, = &, . 4. = ., &, !, 9, {,
NEW YORK, Feb. 24.-While plans
for the naturalization of the Equitable
Life Assurance Society are awaiting
action by the committee of seven ap-
pointed at the meeting OF the society
last Thursday. the question is raised
In life insurance circles, How Is the
Equitable to rid itself OF It's $780,
600 capital stock, majority OF which
is held by James II. Hyde, his motn-
er and his sister. Mrs, Sidney Dillon
Ripley?
The Metropolitan has arranged the
personnel of its board OF directors
so that two-thirds OF the members
represent the policy holders. At the
present time at least threequarters
Of the board of directors OF the Equi-
table represent James II. Hyde and
his mother and sister. Those who
have made study of the "mutualiza-
ton" OF the Equitable agreed today
that James II. Hyde and the interests
he represents might readily consent
to one.third OF the board of directors
being composed OF policy holders. but
1t was not believed that the Hyde In
terests would agree to larger rep
resentation.
No one. including lawyers, could
advance any opinion as to how the
100000 Of stock was to be retired
II proposition were made to pay
the members Of the Hyde family out
of the surplus OF 10000 900 held by
the Equitable. 1t was said that this
would but invite litigation on the
part OF the policy holders, who would
claim that the 38O.O00,000 surplus
was rightfully the property OF those
who had been paying premiums uader
the conviction that they we're par
ticipants In the tremendous earnings
Of the company.
TOPEKA. Kan, Feb. 24.-The
house today passed the bill prohibit
ing the sale OF tobacco in any form or
cigarette papers to persons under the
age Of twenty-one years.
| WASHINGTON, Feb. 24.-The sen
ate committee on Interstate commerce.
today agreed on Q resolution asking
for the preparation Of some kind OF
measure on the regulation Of railroad
rates. The resolution provides for
quorum Of tine committee to meet
Immediately after the adjournment
and work during the summer. report
ing at the next session. This means
the end in the house Of railroad legis
lation this session.
JEFFERSON CITY, Mo-, Feb. "a
A committee has been appointed &c
investigate the theft OF the Original
bill repeating the breeders law and
the substitution OF q forged one. The
house instructed the committee tt
make thorough Investigation ant
to enlist the aid Of the attorney-gen
eraI and subpoena Witnesses. Tn'
house has also offered a reward o.
81 900 for the capture and conviction
OF the thief. Governor Folk says HI
will do all in his power to locate thu
thief.
It has now developed tnat the re
peal Of the measure is unconstitu
tional. anyhow. and the friends Of tn
! repeal consider the occurrence forum
ate. az a legal repeal will now b'
made.
2 p. m-The house passed nous
bill No. 10. repeating the breeders
bill by vote Of l13 To 7. 1t thel
passed the bill drawn by Attorne,
: General Hadley making pool sellinp
and bookmaking feionieS
: NEW YORK, Feb. 24.-0reat IL
tsrsst u manifested in the wrsstiin