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HEALTH

The great thing about Wright's
Health Underwear is that it keeps the
body in perfect health. Ordinary un-
derwear is tightly woven, does not
allow free ventilation and is not health
underwear.

WRIGHT'S
HEALTH
UNDERWEAR

is the only underwear made on the wonderful
loop-fleece principle, which allows free pas-
sage of air through the fabric. This ventila-
tion evaporates perspiration, maintains an
even temperature next the skin. and keeps
the body dry, sweet, warm and Healthy.

Although so much better, dealers sell
Wright's for no more than the common kinds
of underwear. Ask for it. Write for our
booklet-it's FREE.

WRIGHT'S HEALTH UNDERWEAR CO.
75 Franklin St., New York.

PERRY & CO's

ENGLISH

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CONTINUOUS INDEX (Continued)

Evolution and temperature, 307*
Express train, The coming, 48*

Faith, A returning age of, 105**
Farming in the desert, 210*

Fast trains, Are they dangerous? 81*
Safety of, 2*

Fat men should swim, Why, 177*
Federation, Protestant, Catholic view of, 54*
Feminism in modern music, 303

Fevers, Imitation, 212*

Fiction, The coming thing in, 206**
FitzGerald classed as an amateur, 45*
Flame as an electrical conductor, 17
Flying machines, An exhibition of, 82*

Folk, Governor, and Sunday-closing laws, 110*
Food, Queer things as, 16*

Foods, fake, Plain talk about, E1*
"Fourth," How to live through the, 13*
Frame house, The passing of the, 119*
France and the German Crown Prince, 901

Irish attack upon disestablishment in, 121*
Progress of disestablishment in, 89*
Protestant uneasiness in, 18*
French novel and the American woman, The, 77*
virtue and American virtue, 90**
Future life, Changing ideas of the, 309*

Garbage disposal and city politics, 51*
Gas, illuminating, Dangers of, 14*

German efforts to revise Christianity, 87*

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army, A French arraignment of the, 254*
Baltic scare, The, 283

Crown Prince wedding, 901
press on Morocco dispute, 88**

Girl, Unpleasant," in literature, The, 890 "Gold Ship" and its work, The, 211* Gomez, the liberator, 4*

Gorky's symbolic drama, 304*

Grain rates, New, 337*.

Guns, great, with rapid fire, 932

"Hamlet," A religious interpretation of, 249*
Hankow railroad, Sale of the, 336*
Hardy, Thomas, as an optimist, 170*
Hardy's novels, Nature and man ín, 341*
Hay, Secretary, Death of, 35*

as a man of letters, 111*

Hindu influence on Christianity, 279*

Hooker, W. B., and the New York legislature, 6*
Acquittal of, 139*

Hot weather reflections, Some, 138*
Hungary, Possibilities of the crisis in, 156*

Will it follow Norway's example? 219*

Ibsen, A new estimate of, 927 Immigration, Improvement in, 316* "Immortal," Death of an, 177*

Immortality as a doctrine of the Septuagint, 252*

Prof. Hyslop's book on, 179*

Imperialism, How France will check our, 153*
Inauguration day, Plans to change, 336*
India, North, England's buffer state for, 904

Ravages of plague in, 220*

Insects, Losses due to, 176*
Instinct in insects, Origin of, 51*
International conventions, Three, 152*
Invention as a department of business, 47*

Ireland, Justice for, 184*

Iron and copper, Exhaustion of our supply of, 115*
Islands as weather stations, 14*

Italy, Economic progress of, 126*

James, Henry, on American men and women, 929

Japan, Christian missions in, A Japanese view of, 252*
has taught England and Italy, What, 255*
Imperial verse-writers of, 209*
Influence of missions in, 309*

Japanese ambition, The menace of, 352*

art, Ukiyo-ye, the popular school of, 240*
civilization, Seamy side of, 888

press agent, The, 204*

success, Menace of, 920

Jerome's defiance of the bosses," 199*
Jingoism rebuked in Germany, 942
Judaism in New York, Condition of, 936
Proposed synod of, 19*

possible? Is a revived, 349*

Kansas, No State oil-refinery in, 108*
Korin, the Japanese artist, 890

Lakes, Great, Is the level of, falling? 84*
Lawn-mowers, Automobile, 175*
Laziness as a brain disease, 175*
Lead-boring insects, 146*
Lewis and Clark Exposition, 882

Libraries, public, Enormous growth of, 78*
Life insurance president who died poor, A, 299*
Lightning rods up to date, 348*

Literature as a profession, 271*

as an aid to industry, 173*

of exposure, Protest against the, 207* Locomotive, steam, and car, Combination, 247* Loeb, Professor, and his discoveries, 116* Lynching, Georgia, Southern press on, 71*

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discount of 33% or $5 net Mitchell, Senator, Conviction of, 75*

THE FELIX A. DAUS DUPLICATOR CO. Daus Building, 111 John St., New York City

Moon, Active volcanoes on the, 15* Moral in literature, The insincere, 170*

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But the real significance of Barrington Hall Coffee is that it can be used without ill effect by those who find ordinary coffee injures them, because the bitter tanninbearing chaff and dust (the only injurious properties of coffee) are removed by the steel-cut process. All fully explained in our booklet, "The Secret of Good Coffee" (sent free).

"A delicious coffee, not a tasteless substitute." Price, 35c. to 40c. per pound, according to locality. If your grocer will not supply you, let us tell you where to get it, CAUTION: Barrington Hall is the only genuine SteelCut Coffee. Avoid so-called imitations. We own the process by patent right; and roast, steel-cut and pack in sealed tins by machinery at our factory.

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HARTSHORN

SHADE ROLLERS Bear the script name of Stewart Hartshorn on label.

Wood Rollers. Tin Rollers.

Whitman Saddle

The one saddle always preferred by discriminating riders. It is the high est type of the saddler's art. Correct in every line-always comfortable for the horse and rider. Complete catalogue sent free, showing the Whitman for men and women, and everything from "Saddle to Spur." Address

$12

to

$65;

The Mehlbach Saddle Co.. 104 Chambers St., New York Successors to THE WHITMAN SADDLE CO.

Readers of THE LITERARY DIGEST are asked to mention the publication when writing to advertisers.

.400

CONTINUOUS INDEX (Continued) Morocco, Delcassé's defeat in, 902 imbroglio, Possibilities of, 23* L'Allegro, Il Penseroso and, 185* Morton's, Mr., exoneration, 5* Music, program verses absolute, 208* Musical parasite, The, 140*

Name, What is in a, 148*

Nature study in the Sunday-school, 149*
Natural bridge, The making of a, 276*

selection in the inorganic world, 346*

Negro as a business man, The, 266*

disfranchisement in Maryland, 235*
Religious life of the, 152*

Negroes, Southern, as property-holders, 926
Neutrality laws enforced, 884

Newspaper. English, 113*

New York's Smart Set," Fads and Fancies" of, 200* Niagara, Another way to save, 148*

How to save, 893

Norway, The fate of, 940
Norway's quandary, 256*

secession, Causes of, 900

North pole, Ownership of the, 894

Oratory, After-dinner, in America, 10*
Oscar II. and the throne of Norway, 55*

Painting, Labor and result in, 241*
Patenting worthless inventions, 177*
Patriotism of Christ, 121*

Paul Jones, Foreign comment on return of, 153*.

Is it the body of? 133*

Pauline controversy, Tendency of, 182*
Peary's new dash for the Pole, 109*
Philadelphia choosing a new leader, 74*

Pictures? Why do we paint, 927

Pipe, A smoke-cooling, 933.

Plants grown by acetylene light, 895 that give light, 118*

that hide from animals, 49*

Poland, Russian, Uprising in, 8*

Polish press on risings in, 218*

Pope and Italian politics, The, 91*

Porto Rico's demand for self-government, 169* Public library, Is it feminized? 10*

Race riots in New York, Lessons of the, 136*

Races, Study of vanishing, 248*

46

Radiobes" and their discoverer, 147*

before Burke, 348*

More remarks on, 246*

Railroads, American, Secret of success in, 24*

Railway, Speed war between New York Central and

Pennsylvania, 922

Raines-law hotels, Fight on the, 885

Rain storm, Feeling the pulse of a, 212*

Rapid transit, The sociology of, 15*

Ray-cures, 115*

1

Religion, Blurred outlines in, 122*

Imagination in, 86*

Is it a dangerous topic? 215*

Religions, Wealth of new, 250*

Religious controversy, Decay of, 149*

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emphasis, The new, 279*

Reverence and ritual, 899

Rockefeller's gift, and business ethics, 37*

Roman Catholic Church, Radical forces in the, 53*

Reform in the, 120*

Roman Catholicism, Human element in, 216*

Romance, The veering weathercock of popular, 272* Roosevelt as a reviewer of verse, 271*

Submarine trip, 339*

works with the envoys, 300*

Root, Elihu, as Secretary of State, 70* Russia appeals for diplomatic support, 22*

anarchy versus anarchy, 902

autocracy and party spirit, 315*

Drama and censorship in, 172*

Fear and distrust of books in, 12*

Foreign books.in, 44*

Future of, 940

Is there any hope for? 183*

Need of new allies, 218*

Revolution in? 72*

Tolstoy, Henry George and "Russia's great

iniquity," 285*

Tolstoy on Jewish question in, 186*

What the new "Douma" means for Russians, 268*

Useful books on, 344*,

Zemstvo congress and the Russian police, 137*

Russian naval mutiny, 42*

naval rank before and after, 265*

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culture is the "Only Way" to make big money on little capital. One acre is worth $40,000, and yields more revenue than a 100-acre farm, with one-tenth the work. My method of culture and COOPERATIVE PLAN enable you to take life easy and live in comfort on the large income from a small garden. Write to-day. T. H. SUTTON, 150 Sherwood Ave., Louisville, Ky..

Readers of THE LITERARY DIGEST are asked to mention the publication when writing to advertisers,

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3

Months Free

If you are interested in any kind of invest ment, Oil, Mining, Plantation, Industrial, Lands, Stocks, Bonds, Mortgages, etc., send us your name and address and we will send you The Investor's Review for three months free of charge. A journal of advice for investors. Gives latest and most. reliable information concerning new enterprises. Knowledge is power. Great opportunities come and go. Great fakes likewise. Get posted before investing. Write to-day. INVESTOR'S REVIEW, 1300 Gaff Bldg., CHICAGO, ILL.

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CONTINUOUS INDEX (Continued).
Russian press on peace prospects, 124*

reformers again baffled by the Czar, 355*
religious reformation, Beginnings of, 86*
stage during a critical year, 889

Russo-Japanese War:

Lessons of the naval battle, 881
Naval authorities on naval battle, 40*
Peace and one of its sequels, 125*

Peace outlook at Portsmouth, 233*

Peace plenipotentiaries and reporters, 164*
Peace proposals of President Roosevelt, 887
Peace. The terms of, 333*

Predictions of a deadlock at Portsmouth, 253*
Roosevelt, President, as peace referee, 270*
Roosevelt's intervention, 21*

Washington chosen for peace conference, 919

Saghalien, Seizure of, 104*
Scandinavia's future, 154*
Schiller, Religion of, 937
Schism, Benefits of, 123*
Science, Frenzied, 244

in the library, 247*

Scientists, Hasty, 931

Scotland, Literary decadence in, 302*
Scottish church controversy, 898
"Sea-habit" dying out? Is our, 7*

66 Seedless man? Can we breed a, 305*
Separation" in France, Views of the, 249*
Sepulture, A new method of, 308*
Sermon reporter, As it strikes a, 216*
Sewerage six thousand years ago, 306*
Sex in education, A Platonist on, 245*
Shaw, Bernard, Attempts to "place," 140*
Short Story. A Political Tip (Andrews), 221*
in America, Beginning of the, 240*
The Strike Breaker (Chester), 356*
Sky-scraper, Stability of the, 118*
Sleep, The cause of, 248*

Smoke cooling pipe, A, 933,

Smollett, Tobias, a neglected humorist, 80*
Snapshots by lamplight, 895
Society versus art, 112*

Spain, Prosperity of, 92*

Speed, Higher railroad, 933

Spider as an engineer, The, 346*

Spider's web, Photograph of a, 246*
Spiritualism and electricity, 174*
"Squaw-Talk," 207*

Steel-making by electricity, 308*
Stories? short, Is there no standard for, 45*
Storm movement, Foretelling, 145*
Street-railway traffic shown in curves, 307*
Submarines, Detection of, 144*
The electrical, 211*

Subway tavern, End of the, 338*
Sun and the weather, The, 213*
Sun's eclipse, Studying the, 340*

Taft Philippine trip, Some fruits of the, 263*
Tariff war, Preparing for a, 269*

Tea, Substitutes for, 934

Telegraphy, space, International aspects of, 178*

Temporal power, A Catholic indictment of, 310*

Theological reconstruction, Suggestions toward a
method of, 351*

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Theology and art, 249*

A godless, 151*

Radical, combated in Germany, 898

Widening breach between conservative and ad-
vanced, 350*

Tibet, The Buddhism of,

Tide in a bowl, A, 278*

311*

Time transmission by telephone, 278*

Tolstoy's literary plans, 46*

Tourgée, Albion W., 930

Trade, Doubts about our foreign, 134*

Trees, The transplanting of large, 277

Tshushima and Nelson's Year," Echoes of, 284*
Typewriter, A new shorthand, 119*

Unfit, The survival of the, 305*
Union examined, A barrier to, 215*
Vagabond as a literary type, The, 342*
Verse, A physiological theory of, 141*

Wallace, Chief-Engineer, Why he resigned, 36*
Wandering from the subject recommended, 173*
War, A good word for, 286*

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us

Show

you the practical advantages of The
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Warm weather, Virtuous influence of, 16*
Washington chosen for peace conference, 919
Weather-proof stone and metal, To, 146*
Whistler and Watts contrasted, 44*
Whitman, Walt, Puritan objection to, 242*
William II., Predicted failure of policy of, 57*
Wireless message, Trying to aim a, 245*
Woman in modern Italian fiction, 112*
Women, Industrial supremacy of, 299*
World's loftiest points, 13*
Yellow fever in New Orleans, 163*
Federal control over, 236*
Young Men's Christian Association under criti- can only relieve symptoms, whereas our constitutional treat-
cism, 85*

Zionism, The split in, 281*

*Articles are in Vol. 31, others in Vol. 30.

Great Idea.-GREEN (after dinner): "Your wife

THE UNIVERSITY PRINTS is a handsome and brilliant woman, old man.

Carefully selected and systematically arranged for the historical study of Greek and Italian Art. In sets of 500, 4. One cent each or 80 cents per hundred. Address postal for catalogues, ART DEPARTMENT, BUREAU OF UNIVERSITY TRAVEL, 201 Clarendon St., Boston.

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should think you would be jealous of her."

HAY FEVER AND ASTHMA

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GINSENG

$25,000.00 made from half acre. Easily grown in Garden or Farm. BROWN (confidentially): To tell you the truth, Roots and seeds for sale. Send Green, I am. I never invite anybody here that any 4c. for postage and get booklet C O, telling all about it. sane woman would take a fancy to."-Chicago News. MCDOWELL GINSENG GARDEN, JOPLIN, MO.

at your home. For a limited time we will give free, for advertising purposes, 96 music lessons on either Plano. Organ, Banjo, Guitar, Cornet, Violin or Mandolin (your expense will only be the cost of postage and the music you use, to be paid for as needed). We tench by mail only and guarantee success or money refunded. Hundreds write: "Wish I had heard of you before." Write today. Address: U. S. SCHOOL OF MUSIC, Box 20 G, 10 Union Square, New York, N. Y.

MUSIC LESSONS FREE

2 lb. pillow. Postpaid $1.00. BILL DAVEY-GUIDE,
No. Sebago. Me.
Readers of THE LITERARY DIGEST are asked to mention the publication when writing to advertisers,

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In this column, to decide questions concerning the correct use of words, the Funk & Wagnalls Standard Dictionary is consulted as arbiter.

"A. B. W., ," Havana, Cuba.-"Who was the celebrated Mara?"

This reference is to Gertrude Elizabeth Schmeling Mara, a German singer born in Cassel in 1749; died in 1833. She was the wife of the well-known violoncellist Mara, and the most celebrated singer of her time. For further information consult any dictionary on music or musicians.

"M. L. B.," Wilmington, Del.-"(1) Kindly give the meaning and pronunciation of the Russian papers 'Novoye Vremya and Novosti,' which you so often quote in The Literary Digest.' (2) Kindly define the

obsolete word 'delibred."

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(1) The words are pronounced nov'o-yeh vrem'yah (pronounce o" in first syllable as in not"), nov'os-tee (both o's" as in not"); and mean the new time" and "the news," respectively. (2) This is the past participle of the obsolete verb " deliber," which means to deliberate, weigh, or consider." "H. P. M.," Buffalo, N. Y.-" (1). In announcing

hymns after having sung several, and one more is to be sung before some other exercise, is it correct to say, We will yet sing,' etc.? (2) May 'yet' be used correctly by a guest leaving a party of friends in such a sentence as, I hope you will yet have a pleasant time'?"

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(1) Yet" means "in addition; besides" therefore, We will yet sing another hymn' would be correct. (2) The sentence should read, I hope you will still have a pleasant time," in order to indicate that the pleasant time will continue. If "yet" were used the implication would be that up to the time of the departure of the guest no such pleasant time had been experienced.

"J. B.," New York.-"(1) What is the difference between 'begin' and commence'? (2) Is it correct to say buy goods of a person'? (3) What is the correct pronunciation of inquiry'? (4) Is 'ei' in 'neither'

pronounced 'al' as in aisle'? (5) Should contiguity and ameliorate' be used when contact and improve' will do as well?"

RHEUMATISMA Word

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If you have rheumatism send us your name to-day. You will get by return mail a pair of Magic Foot Drafts, the celebrated discovery which is accomplishing such marvelous results in all the rheumatic countries of the world. Try the Drafts thoroughly, then if you are fully satisfied with the benefit received, send us One Dollar. If not keep your money. You are the sole judge. We can afford to make this offer only because the Drafts do succeed, and people are willing and glad to pay for them.

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Magic Foot Drafts are worn as shown and operate by reaching the capillaries through the large foot pores and absorbing acid impurities directly from the blood, without which purification rheumatism cannot be cured. Thousands all over the world (1) To "begin" is to do the first act of, to are already rejoicing over their safe and inextake the first step in; to " commence" is to pensive relief without medicine, and we have make a beginning of. In signification there is their grateful letters to show. Don't you want no difference whatever between " "1 commence and begin.' The former word is from the to try this treatment free? Write to-day to Latin: the latter is Saxon, and is preferred Magic Foot Draft Co., T F 16, Oliver Bldg., before an infinitive. (2) As one of the mean-Jackson, Mich. Our valuable book (in colors) ings of of" is "from," one may purchase on rheumatism comes free with the trial Drafts. goods 'of" a person. (3) Correctly this is Send no money-only your name and address. pronounced in-quire'i. (4)"Ei" in "neither" should be pronounced as double "e," and not as "i," but the second pronunciation has some vogue. (5) This is a matter of taste. The simpler the word the more easily is the meaning understood.

64

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"C. M. Van A.," Butte, Mont.-The sentence that you cite is incorrect. The pronoun should be in the nominative case, and not in the objective.

E. G. M..".Tampa, Fla.-"Under 'meteorite' in my dictionary I note that it is stated to have been found at Mt. Joy. Adams County, Pa. Excepting Mt. Joy, Lancaster-County, I believe that the only town of that name in Pennsylvania is in Clearfield County."

According to the U. S. Census for 1900, page 330, Mt. Joy is in Adams County, Pa.

"R. L. G.." Chattahoochee, Fla.-"Kindly tell me who wrote the song the Old Folks at Home.""

An American song-writer named Stephen Collins Foster, who was born in 1826 and died in 1864.

MENNEN'S

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To People Who Think

Goat Lymph Feeds Nerve Cells

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Our faith in this treatment is unbounded, our purpose is to extend the knowledge of it as widely as possible, and if you are a sufferer we advise you to send for

THE GOAT LYMPH MAGAZINE which will be mailed to you upon request. If, at the same time, you will in your own language outline your ailment we will be glad to discuss the subject with you and advise you as to the results you may reasonably expect to obtain from the administration of the Lymph. Ask for Magazine No. 23, 3rd edition.

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NIAGARA CLIP COMPANY, 37 Park St., N. Y. City.

"That One Book."

New York Times Saturday Review of Books:
If a man were to find himself alone with
God and space, my conviction is he would
never be weary if he only had one book, and that
Thoughts of Marcus Aurelius Antoninus," *
for there we find depths of thought always new
and undying.
EMMA DIXON.

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Denver, Col., Aug. 22, 1905.

*Send 15 cents for paper bound edition of this great work published by Funk & Wagnalls Company, 44-60 East 23d Street, New York.

Readers of THE LITERARY DIGEST are asked to mention the publication when writing to advertisers.

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PRICE.-Per year, in advance, $3.00; four months, on trial, $1.00; single copies 10 cents. Foreign postage, $1.50 per year. RECEIPT and credit of payment is shown in about two weeks by the date on the address label, which includes the month named. POST-OFFICE address.-Instructions concerning renewal, discontinuance or change of address should be sent two weeks prior to the date they are to go into effect. The exact post-office address to which we are directing paper at time of writing must always be given. DISCONTINUANCES.-We find that a large majority of our subscribers prefer not to have their subscriptions interrupted and their files broken in case they fail to remit before expiration. It is therefore assumed, unless notification to discontinue is received, that the subscriber wishes no interruption in his series. Notification to discontinue at expiration can be sent in at any time during the year. PRESENTATION COPIES.-Many persons subscribe for friends, intending that the paper shall stop at the end of the year. If instructions are given to this effect. they will receive attention at the proper time.

TOPICS OF THE DAY.

MORE INSURANCE COMPANIES UNDER THE SEARCHLIGHT.

THE legislative committee which is now investigating the meth

ods of life-insurance companies in New York was not appointed, as The Outlook explains, “to discover and punish wrongdoers." This is the work of the District Attorney and the State Superintendent of Insurance, who are conducting independent investigations. The object of the committee, as its chairman, Senator Armstrong, declares, is "to get at all the salient features of modern insurance business so as to suggest . . . an adequate law that will not only protect the policy-holders in all life-insurance companies, but will likewise protect the insurance companies' management from abuses at the hands of designing persons." Nevertheless the interesting developments already brought out by its inquiries, prove, says the New York Press, that "all the big lifeinsurance companies, proprietary and mutual,' so called, are as deep in the mud as the Equitable is in the mire."

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The companies first to be 'raked over the coals" were the Equitable Life, the New York Life, the Mutual Life, the Mutual Reserve Life, the Mutual Benefit Life of New Jersey, the Metropolitan Life of New York, and several smaller concerns. The admissions of the officials of most of the companies who were called as witnesses revealed instances of that same waste of assets, unwarranted advances to agents, expense accounts unverified and not audited, excessive salaries, improper loans and deposits, and obscure and unintelligible entries which created such a scandal against the Equitable. Says the New York World:

"For years these insurance companies have been giving to the public what are now admitted to be false statements. The New York Life has been proclaiming that it owns no stocks of any kind. Its treasurer yesterday admitted that it had thousands of shares of speculative stocks, but it omitted them from its annual statements. It was also admitted that the company made fictitious koans to clerks to conceal stocks which it pretended to have disposed of in order to meet the requirements of the Prussian insurance regulations. The Equitable is apparently no worse than its associates in the system. It almost shines by contrast.

Its ex

WHOLE NUMBER, 805

penses of management are less and its dividends greater than either the Mutual or the New York."

The first point made clear by the investigations of the committee, as the Milwaukee Sentinel relates," is that mutual companies are not managed by the policy-holders." The Boston Herald remarks:

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The real managers of mutual as well as all other kinds of big insurance companies are, as the Cleveland Leader points out, “select groups of magnates" and if the evidence adduced be true, they use the moneys in their care to influence State and national elections, as Judge Alton B. Parker charged during the last presidential campaign. Says he, in commenting upon the contribution of $50,000 which the New York Life made to the Republican campaign fund:

“What has been proved in the case of the New York Life will undoubtedly be proved in the other cases. The facts exist, and honest and able counsel, backed by an honest committee, will undoubtedly bring them out for the public good."

It should be noted that no evidence has so far been brought to light which shows that the management of any company, no matter how irregular, has reduced its assets to such an extent as to impair the value of its policies. Even where directors and other officials have made profit out of the transactions of the company, it does not appear that the policy-holders have materially suffered. But as the New York Globe remarks:

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'The fact that there has been no loss does not meet the criticism which has been made--that there is danger in a system under which an officer's fiduciary duties may collide with his interests as an individual. Selfishness being a fixed part of human nature, there is reason in the rule of the law that the rôles of buyer for others and possible seller for yourself can not be united."

The men, however, who indulge in this practise all seem to think that it is entirely unobjectionable. Mr. Frederick Cromwell, treasurer of the Mutual Life, frankly admitted his personal interest in a syndicate which was largely financed by the funds of his company. When called as a witness by the committee, he gave testimony which is summarized by the New York Times as follows:

"[He] showed that the members of the subfinance committee, the inner circle of the finance committee, which controls all of the investments of the Mutual, had mixed up their responsibility as officers of the Mutual with their private interests as members of the syndicates with which the Mutual had dealings. His evidence demonstrated that the James H. Hyde and associates' transactions with the Equitable had been duplicated by the members of the finance committee of the Mutual. Mr. Cromwell and his fellow-members of the subfinance committee frequently acted as middlemen between the Mutual and such interests as wanted to borrow of the Mutual, and when they had placed the loan they got their 'rake-off.' Questioned as to the propriety of his conduct in acting both for the Mutual and for those who wished to use its funds, Mr. Cromwell said that for a considerable time he had refrained from becoming a member of any syndicates which had

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