ER RE RIESE SR bis bin EI For mle ia Athens, Sayre and Waverly. NT Pagker Ave. Avenue, SAYRE, PA. BOTH PHONES. ~ B STEVENS, Monday, Feb — PRICE ONE CENT | INSURANCE EVILS — Official Report of Arm- strong Committee In. ————— PROPOSES DRASTIC REMEDIES ——— Stnator Depew Did Not Earn His Big Salary. —————— REAL POWER FOR POLICY HOLDERS investignters Plan te Change Many Insurance lLaws—Would (urb Ex- travagances In Mansgement and In Salaries of OMieials, Do Away With Syndicate Deals, Prohibit Contribe- tions te Political Campaigns, Stamp Out All Lobbylag and Graft, Abel- ish Preferred Divideads and Limit Big Companies’ Business to dafe Proportions. ALBANY, N. Y. Feb. 23 —-The offi- clal report of the Armstrong luvesti- galling commitice, recomuiendiug dras. tic and sweeping reforns lu Iife lusur- ance business, has been at last present ¢d to the legislature. With it were the bills embodying the committee's rec- ommendations. Senator Armstrong bas obialued permission to submit & sup- plemental report concerning the staud- ard forms of life insurance policies, which the cominittes was unable to get in shape lu time to go before the legis- Iature at this tie, The committee un its report has rec ommended drastic remedies for sll the insurance evils disclosed in Its recent fuvestigation It would mutualize all life insuragce companies, make the pol- icy holders a factor in their maDage- went, curb extravagances iu manige went und lu salaries to officers, do away with syndicate transactions, safe guard Investments, prohibit contribu- tions for poliical purposes, stamp out lobbying, prevent the big companies from lucreasing their business to the danger point. abolish preferred divi dend policies and make agents’ cow- missions uniform The following are a few of tLe chief recowuendations: That the losurance law be amended te permit the organization of mutual corporations without capital stock; that all stock companies be converted event tally into purely mutual companies; that all present proxies be rescinded and that the life of proxies hereafller be Hmited to two mouths precediug election; that provision be made to give “a free and effective expression to the wish of the policy holders 1h elec: tions” that the ternws of all present trustees or directors shall expire on Nov. 15 next and that the pext elec tions Le beld under the supervision of the superintendent of insurance; tiat stock Investments of the companies be prohibited except In » of munlei- pal corporations; that the limit of annu- al new business be Oxed at $150,000, 000; that a drastic measure be passed to prevent political contributions; that lobbyists be registered and that each company submit itemized accounts of its legislative expenses; that all salse ries over $5,000 a year Le fixed by the trustees and pot by a committee or offi cer; that the rebate law be amended to make the receiver equally guilty with the giver; that syudicate transactions be prohibited; that dividends be dls- tributed annually and thst the lssu- ance of so called deferred dividend pol- icles be prohibited. that agents’ com- missions be wade uniform and bonuses and prizes probibited; that provision be made for publicity In the transac- tions of the companies. Regarding Governor Odell's connec- tion with the shipbuilding matter the committee says: “Upon the testimony it cannot be sald that apart from the Introduction of the Ambler bill any threat was made, but it would seem: ad the time of the negotiations that the situation was such as to make it appear that there would be no effort of retaliation. “Although the bill was not pressed and Mr, Odell’s sult was wot brought nati a month later, it may be that the fact of its lutroduction was sufficient to induce a fear ou the part of the of- ficers of the trust company that pro ceedings inimical to its Interests might be taken If those who could lmitate them were got Appeased.” Regarding the lusumnce department, the report says that, while the depart ment bas ample facilities and power, “the supervision by the department does pot prove a sufficient protection against extravagance and malndminis- tration, and it practieally may be said that in the case of these large compa: niles no serious efforts to insure the correct administration of their affairs has been made until within the last year” The report says that the accounts of the Mutudl Life [ususence company should be thoroughly examined in ors der that the extent to which moneys have been misapplied and the respon sibility for any misapplication which may be shown may be determined, Concerning the New York Life In- surance company, the committee found mittee for nuonperformance of the with which they were charg: ed. "For the most part they have been fgureheads.” says the report. The payment of $000 a year to Senator Depew by the Equitable was not war ranted, the testimony as to the services rendered by Senator Depew not ap pearing to be sufficient for such pay- ment. The committer also sets forth that it does pot appear what services were reixlered by former Senator Hill, who was paid $5000 a year. In jus tice to Mr. Hill, the committee =ays it wis pot able to get his testimony upon this subject because be was too ill to appear The committee finds that in spite of the irregularities shown there is ne reason fo question the solvency of the Mutual Life Insurance company, the New York Life Insurance company por the Eqnitable Life Assurance so- clety. A WASHINGTON BANQUET. Ambassador Held, at London, sizes the American Savy. LONDON, March Z3 Washington's birthday was honored Iu Loudon by a dicner under the auspices of the local brauch of the Navy Leafue of the United States at the Savoy hotel. Am- bassador Heid presided. and about 160 Americaus were present. The decora- tious were elaborate, the stars asd stripes predominating. After toasts 10 President Roosevelt, King Edward aud George Washington Mr. Held ia a brilliant speech sald that the Londou section of the Navy League of the United States was happlly lo- spired to appropriate the auniversary of the birth of the greatest American for its own use, for it was Washington who set forth even iu the infancy of the repulilic, the necessity for the im- mediate development of naval strength The philosophy of the big stick, he sald, began io our presidential records with Washiogtou and merely was ac cepted Iu all honesty and put luto ple turesque language Dy Theodore Roose velt, Therefore the Navy league in un- dertaking to back up Theodore Roose velt lu his fell purpose to follow in the footsteps of George Washington at home seetus to peed activity in that direction, Aud so Le advised the Navy league to enlist Americans visiting lo London iu the Navy league Mr Reid conclufled with a eulogy of the persou- vel of the American navy Other speakers of the evenlug were Lisuteuant Commander J H Gibbons, the naval attache of the American ew- (assy; Major Jobu A. Beacom, the mil itary attache: louis Hay and FE Bliss. Amoug the cable wessages of greeting were dispatches from Secre tary of the Navy Charles J. Bonaparte, Admiral Dewey and Geoveral IHoruce Porter, Euale- LARK FLIES SKYWARD. Charlies Levee Left Hillburn For New York by Alr Line. HILLBURN, N. Y, Feb, 23 -Anmd the cheering of hundreds who had come from every quarter to view the ascent, Charles Levee In his balloon. the Lark, dylag the colors of the new Aero club of New York, salled skyward from an open field near here. The balloon shot 400 feet into the alr and started toward the southeast. The wind, which early lu the day set in from the northwest, held true, and Levee stuck to his promise to pass over New York, although it was too dark for Pa Knalckerbocker to see him, even with night glasses Levee hopes to land somewhere near New York. Many members of the Aero clud reached bere on & special train from New York, accompanied by Aeronaut Levees. The latter's balloon, the Lark, was In the baggage cdr in canvas Cov- ering This ascension is the second of a se ries planned by the Aero Club of Amer. lca, which hopes to duplicate in Ameri. ca the popularity which ballooning has achieved iu Paris. In the club are ad- giirers of serial navigation in all three of its phases, Including advocates of dirigible alirslips, auxiliary ballooas, which are balloons fitted with light gasoline eugines to be used when the wind fails as a8 motive power, just as small salling craft are so fitted, and the ordinary billoon. Washington Banquet at the Oapltal, WASHINGTON, Feb. 28—A distin guished gatheriog attended the second annual dinner last night of the Un! versity club of Wash Secre- tary Taft is president of the club; but in his absence io the west LL. A Coo Lidge presided. The chief speaker was President Woodrow Wilson of Prince ton university whose toplc was “Washington, the Ideal American Cit fren.” Natives Revolt In Bokota, LAGOS, British West Africa, Fel 23.—A force of religious fanatics is re porf@ to have lovaded and overrun a portion of EBokoto from the north, to have destroyed n Freuch post near the frontier, killing five French oMcers and capturing two snd to have overwhelin ed a British detachment, whose casual- ties are not given Germans Double Thelr Sentries. PEKING, Feb. 23. The court is nery- ous over the possibility of trouble to morrow. The president of the Chinese foreign board appreciates the possibil ity of an antidynastie rising. The Ger men legation last night doubled jts sentries on account of the posting of antiforeign pincards at Tientalu #, Viatur's College Destroyed. KANKAKEE, 111, Feb. 23 St. Via tur's college at Bourbounais, IL, two north of Kankakee has heen de 2 by Bre. resulting from crossed | ght Sif: lows. $170,000. The Roman Catholic Jatitotion LAWSON ON BOSSISH Author of “Frenzied Finance” ~ at Peoria Banquet. TELLS OF POLITICAL UPHEAVAL. “hicage Surprised World by Turniag Out Organised Grafi—liood Werk of Fhiladeliphia's Lawful Mob, - Espounds “System.” PEORIA, lil, Feb 23. The eighth annual banquet of the Creve Coeur club, with Thomas W. Lawson. Hear Admiral Schley, A. B. Stickpey aud Congressmen J. Adam Bede and Charlef A. Towne as the priucipal speakers, was held at the Coliseum last aight. Eight hundred guests sat down to the tables, while 1.500 persous, iu cludiug many wouwen, crowded the gal leries Special committees met thie guests of Bonor at Chicago. Au elaborate lunch ton al the Country elub and a reception at the Creve Coeur club preceded the banquet In honor of the day the speakers’ silage was Washington homie at Mount Vernon Mauy railroad men wers scattered through the auditorium. George T. Page, president of the lil pols Bar association, was toastinaster Mr. Lawson after thanking the Creve Coeur club for the happy way in which It had smoothed away a wisander- standing which arose between him and the club led up to the subject of the lo surance companies and the “system” with a review of the political upheaval iu varfous parts of the United States He said lu part “Chicago arose and surprised the world by turning out the organized grafters and political parties nud pro claiming for municipal ownership Now, | am no munigipal ownershipist, but the fact that the people of the greatest city lu your state found vent for thelr feelings In municipal owner slip means nothing wore than that the people spoke und lu lmpressive tones If it bad uot Leeu municipal ownership it would have been something else which only weant that they bad begun to feel the fetlers “Next came Philadelphia, where the people arose hetweeu night avd worn Ing and marched the stfeets lu lawful molis aud drove out of thelr strong holds the most snugly lutreuched band of political zrafters this country has ever geen, drove them Into exile and disgrace. as though they Lad been a group of mice pursued LY an army of elepbants “Soon came an overturn in Florida, notoriously boss ridden Ly the Flaglers and the Standard Oll clique, when one man, a fearless citizen, Napoleon B Broward, rose out of the ranks of the people and in his begrimed tugboat overalls stumped the state and was elected governor for four years “Im New York the fearless Jerome, turned down by each and ail the differ ent political parties, was elected with thousands of votes (o spare “la Wisconsin you know what La Follette is doing with the people at his back. “These are but a few instances of bow during the last twenty months the people bave shown the spirit that a In them.” Mr. Lawson referred to the failure of the Devlin properties in Kansas and to the peculations of Bank President Big- elow of Milwaukee as “system' repre seatatives who stubbed their toes while speculating with other persons’ money In a game of “beads I win, talls you lose.” In this way Mr. Lawson led up to the exposition of his financial views, which are familiar to the reading pub lle. Woman Held as Train Wrecker. TIFFIN, O., Feb. 23. — Mrs Cora Carpenter was arrested here, accused of wrecking a Pennsylvania freight train and attempting to wreck a fast passenger train at two different times. Mrs. Carpenter {s a member of a prom- {nent family of this county and Is a beautiful woman, highly educated and apparently refined. The authorities de clare it was a wiracle that a fast train crowded with passengers was Dot wrecked on the first and second at. tempts to ditch it — Kuights of Pythias Elect Ofoers. TRENTON, N J. Feb 23.-The New Jersey grand lodge, Knights of Pythias, closed & two dave’ session here by the election of the following officers: Grand chancellor, Joseph Wilson, Jr, Bouth Amboy; grand vice chancellor, William T. Hillard, Salem, grand prelite, Abraham Klenert, Paterson; grand keeper of records and senls, Elmer E Margerum, Trenton: grand master of the exchequer, Jouu Patrick, Ruther ford, Governor Talked to Newabeoys' Unlea. BOSTON, Feb. 23 Governor Curtis Gui, Jr, went to the beadguarters of the Boston Newshoys' union and talk ed to the boys abont George Washing. ton. Several huodred lads were crowd: ed juto the Lall where the exercises were held, and the governor was re peatediy applanded during bls brief re- marks Connaught at Washington Reception. TOKY(Q. Feb 23 Prince Arthur of Connaught, head of the British mission which: convey the insignia of the Order of the Gurter to the em peror of Japan, attended the Washing ton birthday reception at the American embassy is Lete to Kaex Introduces Mis BHI, L. WABHINGLON, Feb, 3 Senator Knox bas lutrodooml his Intersiate commerce bill 11 eT ——. - ie bill and contalus a provision by the courts of afer ~ PAYNE WHITNEY WON. New Yorker Successful at Boston Racket Tournament. BOSTON, Feb 28 Four Bostom piayers and a New York man were gue cessful in the first day's play of the pational racket champloushlp, which began on the court of the Boston Ath letic association. The contest between Payne Whitney of New York and M. Bartlett of the Boston Tennis and Racket club was particularly well con- tested, The Whituey- Bartlett match closed the day's play and proved the feature Bartlett won the first sel, 15 to 9, hut Whitney braced in the sefond and won after deuce had been called He took the third without difficolty, but Hart. lett rallied in the last set, and the game reached 12 all, after which Whitney took the next three and the match Another well fought match was that between Percy ID. Haughton. a local player, and G. C. Clarke of New York, which the former wou by Lis excellent service Resorda Broken at Fetter. EXETER, N. H. Feb. 23 Three schoo! records amd one Interclolastie record were broken here at the tenth Exeter Athletic associaticu. The In ter scholastic record wus lowered by [> K Robbins In an exhibitivu in the forty-five yard high hurdles. Robbins unde the distance In 68 2-0 seconds, vue fifth under the record. The school rec Hitch- run by four Afths of a second to 1 min ute 16 1.18 seconds National Stakes at Clty Park. NEW ORLEANS, 'eb ZI. ~The Na $1,350 to the winner, was the feature of the City park card. Karama and Lens were equal favorites at 11 to 5 ln the betting. while as good as 7 to 1 was laid agalust Blue Dale Karama Lad ail the early speed. but tired lu the inst furloug sod fouled Lens. Blue Dale wou out lu a drive by 28 length frown Karama, which was disqualified. Leus was placed second aud Bosserian third. Alma Dufour Garnish and Mar- garet M were the uther Leaten favor Mes Lawson's Dogs Prize Winners. BUBTON, Feb 23 lle huuting aod toy dogs had thelr day at the bench show of the New Euglaud Keuuel club although the bulldogs aud cullles were also ju evideuce in the prize riug Nearly 100 seperate awanls were made during the day, iucludiug a great num- ber of special cups. Thomas W. Law: son's Dreaniwold kenuels were much lo evidence ax ribbon takers especially iu the bulldog and Euglish toy spaulel breeds In the bLulldogs Mrs KH. Lob ban of Newark, N. J took the winuer's prize for dogs Borghesl Captures Ascot Cup. LOS ANGELES, (al, Feb. &5.—Bor ghesl, carrylug 118 pounds, won the Ascot cup race, covering the two miles in 2.27%, This is five and a quarter secouds faster than the previous record for Ascot aud withiu one and a fifth secouds of the world's record for the distance, which is Leld by Judge De- ming, made at Oakland In 1888. The mile handicap went to Chimney Sweep Loa Angelene Won. HOT SPRINGS, Ark, Feb 23-— Radtke continued to wonopolize the winulng wouuts at Oaklawn, taking four races, making a total of eighteen winners out of (weuty-nine mounts The feature of the six selling events of the card was the defeat of Legatee, the odds on favorite in the fourth race. Loe Angeleno won by five lengths In a common gallop Lawn Teanis at New York. NEW YORK, Feb. 23 ~The cham plouship doubles of the uational ludoor lawn tennis tournawent ou the courts of the Seventh Regiment armory Is providiug the best kind of sport. Has kett and Alexander, formerly of Yale and Princeton respectively, wou a place In the Anal round of this event by capturing the first of the semifinal matches. Goed Luck Lancs the Derby. SAN FRANCISCO, Feb, 23 A big crowd went to Oakland to see the ruu ning of the rich Callforunin Derby, which was wou by Good Luck The wianer aud his stable companion Hammeraway, were the heavy cholces, at 3 to 5 Young Pllgrim, at 30 to 1 galloped home from a bunch of sprint ers lu the second race Ole Hangseth Wine Skee Jump. MARQUETTE, Mich. Fel 3 - Be conse of a heavy wind the national skee tournament at Ishpeming was post poned before the progratmine bad been half completed The best jump was made by Ole Haugsetl Hed Wing Minn, nioety three feel Abe Attell Still Champlon, CHELSEA, Mass, Feb, 20 Abe At tell of Sau Francisco retained bis title to the American featherweight cham plonshiip by receiving the decision over Jimmy Walsh of Newton, Mase, jn the fifteenth round before the Lincolu Ath letic club last night Bemay and Mintberia NEW ORLEANN Feb 238 -Suyder & Co's palr, Beomy and Miatheria, ran first aud second fu the Martha Wash lugton stakes for two year old flies at the Fair grounds, The race was al Balf a mile and was worth $1.08) to the winner Dawson's Fire Loos T0008. DAWES WAR ON GAMBLERS Governor McLane Asks Su- preme Court For Ruling. TO FIGHT POOL SELLING AT SALEM Committee, Headed by Senator Chan. dier, Brought on Action of New Hampahire's Executive In Big Agitation at Concord. CONCORD, N. H., Feb. 23. The ag! tation pusrinly bolding the proposed running races at Salem and the ac companylug pool selling which Las Leen started by the New Hampshire Sunday School association was crys tallized here When Governor John M: Laue and bis council asked the su preme court of the state to reader au opinion as to the right of the owners of the track to permit or countenance peo] selllig. bookmaking and betting Of Tuces The communication to the supreiue court expresses the opinion that unless such proceedings are already prohibit ed by law it may Le necessary to call a special session of the legislature to act The ruces which the NeW England Breeders’ club plans to conduct at Sa fermi will be under the Jurisdiction of the Jockey club I'he Breeders’ cinb was granted a special charter by the legislature io 1905 and is given exciu sive police jurisdiction ou its own grounds Under such conditions, 1t is charged, it would be impossible for the state officials to prevent gamhl the track A committee of twelve, including for mer United States Senator Willlam E Chandler, President Tucker of Dart mouth college and Rev. Thomas Chal wers of Manchester, was appointed by the Sunday School association to bring the matter to the attention of Govern or McLane It 1s estimated that $500 00 Las Leen expended in building the track aud Leaulifylug the race grounds, Andrew Miller of New York is president of the club, and O. H. P. Belmout and Harry Payne Whitney, also of New York, are wembers of the board of stewards ng at One baud on Flag, Une In Treasary. WASHINGTON, Feb, 28 criticismu was lodulged in fu the house regarding the effect of the retireinent systems of the war department. Mr Prince (111) opened the question and was asked many questions, bringing out the fuct that io three years sixty two brigadier generals Lad Leen wade who Leld that rauk for a day and then retired. “These officers bave one hand ou the flag aud the other in the treas ury, getting mouvy they have uot earn ed,” declared Mr. Prince. When asked who was responsible he sald the pres! deut was the only one having author ity to make promotions aud the senate coufirmed his actions Nevere Longworths In Caba. HAVANA, Feb. 23 Mr. aud Mrs, Nicholas Longworth are at Mariano, the Cuban home of Edwin V. Morgan, the pew United States minister to the island republic, who accompanied the couple from Tampa, Fla. They were taken out In Mr. Morgau's big touring car and will reside there as his guests during thelr stay on the island. Frank Steinhardt, the American consul gen eral bere; Jacob Sleeper, secretary of legation, and comunittees from the Americau ub and the Cuban house of representatives gave the Longworths a formal welcome to Cuba greeting Mrs. Longworth as “the daughter of Cuba's friend.’ Fatal Wreck on Panhandle, PITTSBURG, Feb. 23. —~ Engineer EJ. ward McKeuna was killed, Fireman R. W. Youug fatally hurt and eight other tralnmen were Injured, three se riously, at Carnegie, Pa. near here, when a through freight train, west bound on the Panhandle division of the Pennsylvania company lines, met in collision with a yard engine and ca boose. Eight freight cars were de molished, and both locomotives were badly damaged Woman Missionary Dead In Japan. MONTGOMERY, Ala, Feb 23 Miss Lizzie E. Wimbish, a uative of Montgomery and one of the best known southern femsle missionaries of the Presbyterian church in the orient, is dead In Kobe, Japan Miss Wimbish was fifty one years of aud had been engoged 10 forelgu wissiomavork since 1887 age Queen Margherita's Vielt te American, ROME Feb 23% I'he Dowager Queen Margherita has onderwd Ler at teudnnts to hasten the preparations for her journey to Awerlea, wishing to leave [taly at the eud of April. Her majesty expects to stop a week in New York before beginning her journey Automobile Was a Philadelphia Glasemaker ST. LOUIS, Feb 234-An tion: by the police fact that the cide at the shouting was Philadelphia iuvestiga the cot itted sul Colorado hotel bere Ly Charles WW. Reers Jr of an expert maker of glass Lins disclosed man who Esplosion at Amsterdam, AMSTERDAM, N, YY. Feb 23 explosion lu the foundry of the der Weldon Dyelug Machine here seriously injured several men and James Spore, a foreman is ex pected to die An Kian CULPA NY Cooper's Death Seatence Revoked. TALLAHASSEE, Fla, Feb. 233. -AN or a long session of the board of pare dong considering the Cooper cane Gov: ernor Broward Tevoked the death war on me condemned man. SATURDAY SPECIALS Dress Goods New 63¢ Sicilians, 46 in., extra’ heavy and nich, lustrous colors, black, brown, red, green and navy. Regular Saturday and Monday price {8c bhoe, White Waistings Néw spring styles, yarn mercer- ized and warranted to relain their lustre, worth 23¢, Saturday and Monday 15ec. Our Linen Sale Occurs but once a yesr. your supplies now, Buy General reduc- tons throughcut exactly as adver- tised, Regular §1 Bleached Damask 72in pure flax, sale price---§ 88 Regular 7 i5c a5¢ 790 simendne silver bleached 124 mn. 6.x aoc. Napkins, Towels and Sets red in proportion Towelings Ile bleackied 13 10. all linen... . 121¢ le 12]¢ unbleached lle, 10¢ linen White Quilts full size, free and hemmed .L18 98 88 $1.35 quality, from starch ready for use 21.25 | O60 Corset Covers 20¢ kind, lace trimmed and made of good, firm muslin, very special while they last... .124 25¢ and 37}c kinds, better than last season, beautifully trim- med with lace, bestite and ribbon . 233 owns and Skirts Cambric and muslin gownsend il] kinds specially priced for this sale Black Mercerized Skirts You know the kind of values we are famous for aud we have marked them still lower for ths sale, $1 06 value, Specialy priced... .79 1.50 ~~ Full line of “Peters” Brotherhood overalls now ready. I Globe Warehouse, Talmadge Block, Elmer Ave. VALLF®Y ""HONF, COAL At the Lowert Possible Prices. Orders can be left at West Bayre Store, both phoues; or at the Erie vards at Sayre, Valley Phone 37m. COLENAK HASSLER, S—— ER DR. A. 6. REES, M.D. 100 Lake St, Weat Sayre, OFFICE HOURS: S$ to 11:00 a. m., 1 to 4:30, 7:00 to 8:00 Genito urinary and chronic Slaten a pe wwialty, Both phones Cards For Sale. The Valley Record bas In stock the following card signs: For Rent For Bale Please Do Not Ask Credit A Rooms
Significant historical Pennsylvania newspapers