El Paso herald. (El Paso, Tex.) 1901-1931, 1913-01-08

It before the grand jury
Probe Insurance Companies.
The committee went over the al
fairs Of the Equitable. New York and
MetropoIitan organizations with off
GERS of each Of those institutions The
fact was developed that in the Mutual
companies the policy holders show 1T
tie inclination to control the affairs OF
the companies and exert practically no
power in the election Of officers.
John c. Mccall, vice president OF the
New York Life Insurance company
said in 1908, there were 100000 poIcy
holders Of the company OF these o.
voted at the annual meeting In 1911,
Charles A Peabody, president Of the
Mutual said that in 1911 there were
between 100000 and 100000 stock
holders and 1885 votes were cast
Judge W A Day, president Of the
Equitable Assurance Society, SAID
that out Of 100000 policy holders susu-
ally between Is and 50 voted
To Protect Pottery.
Democratic leader Underwood indi-
Gated today that the house ways and
means committee would stand for re-
tanning the tariff of So and 90 percent
on pottery. He announced that teStl-
mony had satisfied the committee OF
highly competitive conditions Of the IN
dustry in Europe
William BURGESS, Of Trenton, n J,
discussing the pottery Industry DeIore
B of the tariff, said the average profit
vas less than percent BE insisted
that there was 10 combination IN the
Industry and that pottery peculiarly
needed protection. He testified that
labor in American pottery plants costs
246 percent more than in Austria
May Readopt vetoed BIZ.
Public hearing on the chemical
schedule have been closed. 1t was IN
dicated that the Democratic majority
of the house committee on ways and
means viii endorse a chemical schedule
almost identical with that embodied
in the bill that previously passed both
houses of congress and was vetoed By
president Taft.
The only indication OF possible
change shown throughout the long
bearing was when W. J. Gibson, a new
York lawyer, argued for a so percent
duty on spices and on all other lux
wouldn't it tend to cut off impor-
tation If we put a higher duty on
spices2" asked chairman Underwood
NO replied the witness, who added
that spices, running from five to Is
cents a pound, were not expensive
says Perfumery Is Not Luxury.
Theodore Ricksecker, of New York,
bespoke the opposition OF the Manu-
featuring Perfumers' association to the
to the transfer of distilled and essen
tial oils from the free list to q, 20 per
cent ad valorem duty.
He regarded 1t as a mistaken notion
that perfumery was a luxury and that
he had known Of working girls who
spent much Of their wage for it
The manufacture Of dry cOlOrs was
taken up with Arthur S. Somers, of
New York, IS a witness.
Are you in sympathy with the idea
of q tax on raw materials that enter
into manufacturer asked representa-
tive Payne, Of New York, former Re-
publican chairman Of the committee.
No" said the witness
t7ThiS Il no nine dream declared Mr.
SOmers. Eff you put Pans green on
the free list you viii wipe out every
Paris green factory in the Caited
States. Canada has a 10 percent. duty
shutting out our manufactures and
without protection the Canadians
would drive US out Of business"
Varnish Can stand Free Trade.
P H Callahan. OF Louisville Ky,
speaking for the National Varnish as
sociaticn. said the varnish INDUSTRY
could stand a free trade basis
Mr.. Callahan declared that il a tax
were imposed on varnish its burden
would be passed on Ey the nanufaet
erers 10 the consumer.
DR.. L J Huff. Of Los Angeles, pro
tested that a 20 percent reduction Of
duty on olive oil would work a hard
ship to California producers.
Antonio Lucca, a New York importer,
wanted the committee to reduce the
tariff so rs to allow that food neces-
sity to be sold to the consumer at
moderate price.
J. Sholes. Of the Ohio Chemical &
Manufacturing company, protested
against any change in the tariff on ep-