davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
The Surplus Explained.

Considerable apprehension exists as to
the exact meaning of the term surplus
a large proportion or the soeiety's policies
are issued on the deferred dividend plan,
under which profits are not realized until
the expiration OF a secifed period-gener-
ally ten, fifteen twenty years from the
date of issue. When this period arrives the
policies which remain In force are entitled
TO an equitable share OF the surplus ae-
cumulated during the term of their life
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
HAVE. HAD GOOD EFFECT
Paul Morton Discusses the Re-
cent Insurance Investigations.
POLlCYHOLDERS BENEFIT
Trustees Reminded of Their Sacred
Obligations.
EXPERIENCE OF EQUITABLE
Thorough housekeeping of Its Fiscal
Affai1s-Unprofitab Invest
ments to Cease.
BY WILLIAM E. CURTIS.

Special espondenee of The Star and the Chicago
Record Herald.
NEW YORK, February III, 1906
In my letter to the policy holders of the
Equitable Society. about the first of jan
uary," said Paul Morton, Il told them that
by changing the financial policy and adopt
ing certain economies and retrenchments
we would be able TO save S600,o00 year III
the expenses of management. but L am
row satisfied that we are going to save
more than twice as much, at least MIL
lion and a quarter dollars annually. That
money ultimately will go TO the policy hold
ers in the form of increased dividends and
in that way they are going to get cheaper
insurance. That Is, of course. going to
take time. We are coming to 1t gradually.
THE chartered accountants who have
been through this institution have made a
most exhaustive examination of its affairs,
continued Mr.. Morton. They have probably
gone into It more carefully and in more
comprehensive way than was ever before
done in any big institution. They had sew
enty men at work here for five months,
and there is not much of the transactions
of this in tuition for the last ten years
that they 90 not know about.
THE investments of the society have been
revalued. They have been scaled down
more than $l5, 90 900. The assets are just
the same as they were before: their earn
ing power is just the same, nothing mas
disappeared or lost its value Inc new
administration Is starting on the most
conservative basis, however, and We eA-
pect to keep on it, and we are going to
undervalue rather than overvalue. Inc
saving of 81 100000 a year, If capitalized Is
equivalent to additional investment OF SIo'-
100000. This more than OFFSETS the reuuc
ton in the reappraisement of the assets OF
I he
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
Result of the Investigations.

What has been the general result of the
Investigations of the life insurance bust
ness?'
at has been beneficial both to the COM
-panies and to the public. People have
learned more about life insurance during
the last year than they ever did before in
ten years. and the management OF tine COM
panies have been taught that they are trus
tees, ana that the trust they have is very
sacred one and must be respected and pro-
tected The agitation will result in very
great benefits to all American policyhold
ers. This society alone has undergone four
separate Investigations since January 1,
1905, and the extraordinary legal and other
expense eLtailed thereby ere amply COM
pensated for by the enforced resolutions
and checked extravaganza and by the final
confident that the policyholders now have
of the security of their policies. These in
vestiga lions have been destructive of some
Individual regulations. but they have en-
phasized more than ever before the validity
of life insurance.
MIR. Hyde Is entirely separated from this
institution. He is nothing but a memory
a reminiscence. The stock which he sold
TO Mr. Ryan was Immediately put In trust
with ex-President Grover Cleveland. Jus
tice Morgan j. O'Brien and Mr.. George
Westinghouse trustees, and they uomi-
nate the directors of the society. Under
their direction seven out of every thirteen
directors are chosen from the policyhold-
crs. thereby giving the policyhoiders TWEEN
ty-eight out of fifty-two directors. being
mai ority of four. Mr.. Cleveland is the
chairman of the trustees but his connec-
ton with the society has been purely ad-
v!sory.
.'rhe financial position OF the society is
as sound as the Bank of England over
and above all liabilities 1t has a surplus re-
serve amounting to nearly $50 600 coo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
Former Senator Henderson Improving

Former Senator Henderson, who week
ago. accompanied by Mrs. Henderson. went
to the Pennsylvania branch of the Battle
Creek Sanitarium at Philadelphia, is re-
ported to be steadily improving.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
Street Extensions,

Concerning the subject of street extern
SION and Improvement Mr. Morrell by his
tables and explanatory statement strove
TO show, with no attempt az analysis. that
Washington expends about twice much
for such work ST. Louis or Boston, four
times as much as Buffalo and 100000 per
year more than Pittsburg. He did not go
far enough backward or forward TO show
that many such expenditures must neces-
sarily be on a larger scale here because OF
the exceptional width and length of the
streets and avenues, according to George
Washingtons plan of a grand capital
Neither does ii appear that he stated That
the title to all the streets and avenues in
the city is in the United Statesc. and, fur
Their, that abutting property does not, as is
common where the AUDITORS have some
claim of title in the streets and avenues,
pay any portion of the cost of paving, ex-
cent iii certain instances of laying of side
walk at the request of the property own
ers
Not even in general way was alluslon
made in the speech to the fact that the
President and other officers of the national
government and the ambassadors and min
listers of foreign governments, besides the
national buildings and the embassies, nave
TO be taken into special account In conslo.
ering police department, fire department.
and other municipal services
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
1315=aSl7 r Street wv.

closed promptly at go pm, and will be
opened thereafter only between the num-
bers on the program.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17

Congress. These regulations are the equiv
alent Of the ordinances OF councils The
Commissioners are constantly performing
all these functions of a triple government.
Moreover, instead of having simply the
receipts and expenditures OF city, the
District of Columbia has also the receipts
and expenditures which are represented
IN other municipalities by receipts and ex
pendftures of the state and of the county.
He ignored entirely the fact that the
District of Columbia IS much more than
the city of Washington and the physical
character OF the territory. Outside of the
city of Washing ton live sixty thousand
people, scattered all over the territory, In
nearly score of different towns and vii
lagos, all demanding and receiving the
benefit of the municipal services in so far
as appropriations permit. The territory out
side of the city of Washington Is for the
most part billy. which adds to the diff
eulttes and therefore the expense of all
the municipal services. The national CAPT
tai, taking In all the settlements outside
OF Washington, cannot properly be COM
pared with conlpactly buiit-up municipali-
ties -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
A GUARANTEED CURE FOR PILES

itching Blind Bleeding or Protruding Piles
f0sr .Iugsist viii 'efnnd money 70 PAZ0 ONT.
uES1 fslis TO cure In to IA days. Coz.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
To Make Investments Profitable.

''The Equitable Society has investments
of more than $50 600 900 in real estate
which have not been profitable continued
Mr.. Morton. They have not yielded the
return that should have been received, be-
cause the buildings were not economical ana
were intended more as advertisements than
as investments. Hereafter we are not go
Ing to do our advertising that way: IN
several cities the ground occupied is SO
much more valuable than the buildings
that it is practically unimproved property.
Take the headquarters building here In New
York for example 1t occupies an entire
block of land, which is worth not less than
SIS, 900, 600. but as an investment the puilo-
ing detracts rather than ADDS TO lts VdIue'
II was built for show rather than Tor util-
Itv 1t has an absurd amount OF waste
room and pays only about z per cent a
year on the value of the ground and Dulid-
Ing 1t is believed by the new manage
ment that they could erect a building on
this site that would yield at least q per
cent net after paying taxes, insurance anu
all other expenses.
ample of extravagant ostentation. All the
society has got out of 1t during the last
ten wears has been about S22,ooo per an
num- which is less than per cent on rs
appraised value; but we recently leased II
to reliable parties under proper BOND tor
ninety-nine years at the rate of $3l 900 per
annum for the first two years, -. 'ooo , aol
the next two years and $4,000 per ahriun
for the next ninety-five years. BESIDES
these we have office buildings in Boston
pes Moines Denver, Memphis and other
cities of this country, and IN berllh, faris'
Vienna Madrid. Sidney, Melbourne oaN-
tiago. Chile, and the City of Mexico
.'Vhile these buildings may have served
a useful purpose as advertisements IN the
mast they will be treated on business
basis hereafter. and we will either make
them pay better dividends or dispose OF
them One reason. however, for erecting
them was that the laws of some countries
REQUIRE investments within their territory
of a portion of our assets as a sort OF de-
post against the reserve on insurance, ana
the buildings were regarded as SUCH.
Are you encouraging foreign business or
cutting Ii OFF,
I'VE are encouraging business every
where that 1t Is profitable. Our foreign
business, however. to a large degree, has
not been as profitable as the business ar
home The same amount of energy, money
and attention paid to domestic business
Yields better returns. and it win be our pol
lev to cease writing business anywhere that
we find il without profit. l have ordered
the agencies closed in Russia. Australia,
Norway and Sweden. Prior To my coming
here we ceased writing business in Austria,
Hungary, Germany and Switzerland be-
cause we could not operate under the laws
prevalent to those countries. and in France
we are now waiting to see whether the gov
eminent will make retroactive certain laws
just passed there. If II does, our DISPOSE
ton is to withdraw from France The pres
ent law requires US TO invest in France a
certain proportion of our reserves"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17
*Hd30aseSat&z

A value i'm illustra-
tom of what you may
expect throughout the
lines of furniture here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-17

'.Ie gave no consideration to the unique
character of the government of the Dis
trict of Columbia. Under the act of Com
gress it corresponds not to the ordinary
municipal government, but >as the three
fold functions of a state or territorial, a
county and city government with the
burdens and responsibilities as well as the
functions of all three. The Commissioners
perform the functions of a governor CT
state or territory, of county commissioners,
of a mayor. police board, fire board, health
board, public works board and also of coun-
ellis In legislation by regulations of police
health, building, plumbing, etc, under the
legislating power delegated 10 them by
The San Francisco call., 1906-05-26

Elizabeth Murray, whose singing of
"Bedelia,' Melancholy Nose" and
Dat Measley Man marked an epoch
in popular songs, will be at the Or
pheum again this Sunday afternoon
with new selections which promise to
give her popularity here another lift.
She will be remembered as one of the
big hits of the 0rpheum Road Show
three years ago.
Bailey, Austin and company return
from trip to Europe with a new
farcical act called 1.-TWO American
Beauties" They are supported by a
company of three people and their act
is screamingly funny. Katherine Dahl
comes direct from the Alhambra, Lon
don, with the latest selections. Carson
and Willard, German dialect comed-
ians, will present their original con-
coction, ''FrizZled Finance" described
as one of the funniest talking acts as
we'll as the most up-to-date in its
theme of any offered in this city in
some time. For her second week
Miss Valerie Bergere will present her
capital playlet, His Japanese Wife. |"
Mosher, Houghton and Mosher will
continue their exciting and amusing
bicycle act Eva Nudge will vary her
character songs and quick changes,
and Clifford and Burke. the black face
eccentriques. in a new assortment OF
fun, and Orpheum molten pictures,
showing the latest novelties, will COM
pIete an excellent programme.
The San Francisco call., 1906-05-26
HORSE HITCHED AT CURB
Anglers MRS. SHEEHAN
She Seeks Redress With Poker From
Landlady Of Equine's Owner.
EXCHANGE COMPLIMENTS IN THE. POLICE COURT.
BY JAMES G. CRAWFORD.

who caused his arrest for having burned
newspapers upon the floor and knocked
plaster from the walls and otherwise emu
lated the combined forces that razed the
city The man showed such mental dis
order when asked to explain his danger
Gus acts that the Judge saw no other rea-
sonable course than to have him examined
by the alienists.
Ben Higgins drove hackload Of mourn
ers from Pine and Fillmore streets to the
Holy Cross Cemetery, and while returning
reSaled himself with beer at a wayside
tavern in San Mateo County the result
being his arrest for drunkenness when he
crossed San Francisco's border.
ut must a-been awful stuff" he said to
Judge Conan, "for l drank only three
glasses of it, and five minutes later fell
off my hack. I have drunk ten times as
much beer and never felt fuddled after
ward"
He is cleaning bricks under guard today
at Portsmouth square. 80
Sigmund Siegersen, accused of robbery
committed about three months ago, asked
Judge Cabaniss if the ad interim upheaval
did not exempt him from prosecution al
this time. He was answered in the Mega
tive, his Honor asserting that the statute
of limitations was not wiped out, or even
shrunk by either earthquake or conf1a-
grafton. However, as the complaining
witness failed to appear, the case was
dismissed for lack of prosecution.
The San Francisco call., 1906-05-26
SECURES TWO GREAT TENTS
IN WHICH TO GIVE PLAYS
Bishop. Howell Dodge Company Plans to
Open on the Central Park Prop.

BY June Is San Francisco VIII have two
more theaters running They win not be
housed in class A structures, it is true,
but as matter of fact will have more
picturesque setting beneath huge tents of
canvas. The Bishop Howell Dodge Com
pany has secured the great Bernhardt
tent, used by the divine Sarah in her bat
tie with the theater.. trust. and has also
secured a second tent 90x200 feet The
Bernhardt tent is 270x17o.. feet and will
seat 1000 people. 1t was in this tent that
the benefit for the fire sufferers of San
Francisco was held in Chicago and SIS, 500
netted.
1t is the purpose of the Bishop Howell
Dodge Company to install the tents on the
Central Park property. In the Bernhardt
tent light opera and vaudeville will be
given, and. the smaller one will be given
over to comedy and drama. e
The United Railroads will light Market
street from Sixteenth down to Eighth. and
1T is certain that many will take advan ;
tage of the opportunity to once again en-
JOY the play, especially within tent,
where the fear of earthquake will be un-
known.
The San Francisco call., 1906-05-26
Loss IS READY
TO BUILD ROAD
Contractor Wants to Com
mence Work on
Geary Street
Asks Return of Check II
Enterprise Is De-
layed.

The c. E. Loss Company, which
has the contract for the construction
of the new Geary street road, sent
a communication to the Supervisors
yesterday stating that it was ready
to furnish bond and to execute a
contract under the proposal for the
building of the line. The letter furth-
er says that if construction is to- be
postponed indefinitely the company
would like the return of its certified
check for $4,000, which lis now on
deposit. The matter will be consid-
cred at the next meeting of the
Board.
Recorder John; H Nelson filed a
statement of the business of the Re-
corder's Office for the past five years.
1t was calculated to show the in
crease of business in that Office for
increase in the appropriation for
running expenses. Nelson says that
number of banksr little insurance
companies and citizens propose re-
recording mortga ges and other docu-
ments and that this will require an
addition to- his present office force.
He also asks for thirty book type
writer's.
A communication from the So
cialist party offered suggestions re-
garding restrictions in the new build
ing laws. 1t requested that all build
ings in all parts of the city to be
used as hotels,-l lodging, apartment or
tenement houses, over three stories
in height, be of steel construction and
in conformity with class "A" plans.
1t also urged. that factories over two
stories in height and within the fire
limits be made. fire proof. Regard
ing the building of hotels. etc.. it was
suggested that they not occupy more
than 75 per cent of the ground space.
the remainder being allowed for light
wells and ventilation.
The San Francisco call., 1906-05-26
SAYS PROJECT is ILL-TIMED.
Platt Urges That Geary Road Be Left
to Private Owners.

Horace G. Platt, president of the
Geary Street Railroad, believes that
the city should sell its interest in the
concern to a private corporation and
let it construct and maintain the road
in the future. According to Platt the
city is in need of new buildings and
the money voted to equip the Geary
street road should be devoted to
what he regards as of greater i'm
portance. Regarding the situation,
Platt said:
The city has voted the sum of
s350,000 to build and maintain the
Geary street railroad as conduit
system. Now it will be utterly inn
possible for the city to construct an
overhead trolley system there for the
simple reason that the money was
voted for a conduit system and 1t
will have to be that or nothing. The
terms of the issue will have to be
lived up to if the city wants to oper-
ate the road.
1T will be out of the question for
the city to levy an additional tax. The
taxpayers cannot stand any such
pressure at the present time. They
have lost. everything by the fire and
therefore an additional tax would
mean sure ruin to many of them.
"At the present time the city has
not a roof over it's head. 1t needs a
new city hail, hall of justice, county
JAIL hall of records, schoolhouses and
other public buildings too numerous
to mention. Now this money that
has been voted for the Geary- street
road should be devoted toward these
buildings, as they are needed immedi-
ately and no time should be lost in
their construction.
THE city has gotten along for a
great many years without an under
ground electric system of its own.
There is no. reason why it cannot
prosper in the future under the same
conditions. Private capital can very
we'll rebuild and maintain the Geary
street road. But private capital can
not and will not reconstruct our pub
lie buildings. Therefore, / think it
behooves the city to rebuild its lost
structures with portion of the
money appropriated for the road and
let private capital attend to it."
The San Francisco call., 1906-05-26
COIN RETURNING
To THE EAST
Banks of San Francisco
Have More Money
Than They Need.
Trade Throughout Nation
Active in Leading
Industries.

NEW YORK, May 25.-Bra dstreetS to-
morrow will say: Reports from the lead
ing industries are of sustained great activ-
ity, except in some few divisions of the
fuel and iron trades, where strikes curtail
operations slightly. The crop situation is
on the whole. quite cheerful, the only
drawback being the irregular distribution
OF rainfall in different districts. So far
The agricultural prospect is for yields q:
least equal to those of last year, on which
the wonderful prosperity of 1905 was large
-ly founded.
Prices display all their former strength,
the slight upward movement in cereals
being based as much on manipulation OF
an unwieldy short interest in the current
wheat option as in the reports of crop de-
terioration, common at this period
The San Francisco banks all reopened
this week, with a vastly larger volume of
money on hand than was usual or even
needful, and the return flow to the East
from that city is already of good volume.
Railway earnings are of the best for
this season of the year, gross receipts eX-
ceeding the similar period a year ago by
Is per cent
Business failures in the United States
FOR the week ending May "A number no.
against I6l last week and 179 in the like
week of 1905. In Canada failures for the
week number l3 as against Is last week
and Is in this week year ago.
Wheat Gncluding -FOUR exports, from the
United States and Canada for the week
ending Nay a are Abb, ,373 bushels Qarge
total mainly due TO inclusion OF Montreal
exports since navigation opened May ~
against LII. .2OS last year. From July to
date the exports are 10, 7s9, ,267 bushels,
against 81, ,226. .lS4 last year.
R. g. Dun & Co.'S weekly review OF
trade tomorrow will say: Ample rains
throughout the farming regions provided
the most important factor of the pas;
week large crops being essential TO a
maintenance Of national prosperity at the
maximum position recently attained. The
financial situation is more encourag ging,
now that the San Francisco banks have
resumed business without any disturb
znce.
Railway earnings thus far reported for
May exceed last years by II per cent, and
foreign commerce at this port for the last
week showed gains of sl,s45.2 259 in exports
and Sll3460l in imports over the move
ment of 1905.
No cheapening of cost is noted in the
hide market, but there are more evidences
OF uncertainty and increasing efforts to
restrict purchases on the part of the
tanners.
Failures this week were lSS in the
United States. against Ill last year, and
8 IN Canada, compared with 19 a year
ago.
The San Francisco call., 1906-05-26
Work for
California Men
and Women

Within forty-eight hours after the
earthquake our brightest agents rep
resenting THE SATURDAY EVEN
ING POST and THE LADIES' HOME
JOURNAL in San Francisco and
throughout California were trying to
find Mr.. Daniels, the manager of the
San Francisco Office. Four days after
the disaster Joseph Leonard wrote in
that he had several hundred subscrip-
tions and would report them later dur
ing the week. Ten days after Mr..
Leonard received currency by Wells
Fargo Express to the amount Of Four
Hundred Dollars. This was his cash
prize for the month of April in addi-
ton to a liberal commission. Not so
bad for a months work?
. The Curtis Publishing Company of
Philadelphia will pay in
The San Francisco call., 1906-05-26
a Boon 20 Workmen.

A large shipment of mechanics tools
has arrived by Wells-Fargo Express from
various Eastern points. These tools are
consigned to James D. Phelan and are
for free distribution to needy carpenters.
bricklayers, stone masons. plumbers and
machinists. The entire consignment was
purchased by the Los Angeles Times with
money from the Times relief fund.
Mechanics residing in nearby towns who
are desirous of coming to San Francisco
to work are eligible to participate in the
distribution.
Applications must be made in writing to
Lewis Havermale, manager Los Angeles
Times Free Tool Supply Bureau. room A.
third floor of the Hamilton Grammar
School, Scott and Geary streets This is
the headquarters of the various relief
committees.
Applications should be accompanied by
a letter of recommendation from last en-
ployer. After application has been passed
on the applicant win be notified to call
and get set of tools.