Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1906-04-23
TRAGEDIES OF THE SYSTEM
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Beers to resume his place. MIR. Beers
leaped TO his feet, smote the table be-
fore him with his hand, and declared
that ne would die rather than yield
up his place to amy other man.
Then Mr. Beers enemies struck
him a final blow. He was informed
that unless he resigned an elaborate
attack upon his private character
would be made public This broke
his will. To save his family from the
agony Of the threatened scandal
matter in no way connected with his
business life-fe consented to pro-
posed arrangement He was to re-
sign as president In favor of John A
Mccall and was to be retained i'm an
advisory capacity al a salary of SS7.-
500 year. half of his salary as presi-
dent.
The company executed contract
with Mr. Beers providing for this sal
airy, and one day Mr. Beers gave his
seat to Mr. Mccall in presence OF the
trustees. Mr.. Mccall declared that
with Mr.. Beers behind him as an
ofheial advisor he felt confident OF
s,,cness E-f@y o. * g s}sE5EEssae4 -
Next day Mr.. Beers went to the
Office and, seeing his successor, ad-
vaneed with smiling face and ont
stretched hand to greet him. MIR
Mccall eoldly turned his back upon
Mr.. Beers. he wfite-hafred victim
went home and, with tears rolling
down his face, told the story of his
treatment. ss:-N's r -
a few days Later he went to draw
the first fnstaIiment OF his salary.
and was cody Informed by Mr. Me
Call that the contract, under the shell
ter of which Mr. Beers had retired
from Office, was absolutely Illegal
| Only then did Mt Beers under,
stand the power behind the warning
words uttered SO long ago by Mr.
Hyde's emissary, and the deep
planned, patient treachery lying be
tween the threat and its execution
! There Is little more to tell of Mr.
Beers. The supreme court annullsi
the contract The business men whs
had once Ihronged about the old MAJ
now avoided him. To be known as Z
friend of Mr. Beers was fatal in thu
empire dominated by Mr. Hyde. Hi
eyes grew dim. his body was shrunk
en-, his step slow At times he de
nounced the authors of his ruin, bu
the world I'm which he once was 81
great a figure took little note of hi
impotent complaints. j. 81
/ One day he had his infant grand
i son brought to his deathbed AM
baptized in his presence. Taking th
child In mis- arms he blessed it and
, in another moment, died
.I On that very day John A. Mccall
| issued proclamation from the ofie
, Of the New York Life company. il
which he said OF Mr.. Beers:
The company under his guild
i ance solely reached and main
Il tanned it's magnificent position as
Il one of the leading financial in
Il stitutions of the world. The
II credit for. its great success is his,
and his alone Nothing less could
II be truthfully said OF him; moth
Il ing less should be accounted the
n record of his life. His place in
the history Of life insurance win
be well defined, and the mature
and unbiased Judgment of the
a historian VIII accord TO him the.
!, foremost position ID intelligent.
q efncfent and successful leader
ship
j Nevertheless, Dir. Mccall was d
; Inied permission TO look upon I'll
: dead face of the victim. Thrice
) years Later he was himself to kno
: the bitterness OF exile from place an
) power. and to go TO his grave di
i iaonored and diseredited by the worl
81 (which had faWned upon bis footstep
II After that the sappers and mine
of the honest but reckless Journals
(which has shown how men may 4
destroyed by a sort OF printed lyne
i law, searched in vain for an openiI
through which the affairs Of the II
= Insurance organi zations might be Sc
3 ionsIy Investigated. 81
Z The three great companies head,
= by Hyde. Mccall and Mcclure
Il worked shoulder to shoulder In sc
9 recy and silence to reduce the La
= making power OF New York to a 60
y, dition of eager and dependable &c
g Witty. Mr. Hyde was the maste
9, thinker; none dared to thwart hi
2, Mr.. Mccall trained from boyhood
e the secret ways Of Albany, was G
g expert who managed the gubtier q
e tails Of legislative control
e The Influence of the dominant ]
6, publican party was bought outrig
y by enormous campaign contribute