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MANUFACTURERS OF METAL SPECIALTIES
The Ryede Vending Machine
The Ryede Outdoor and Indoor
I best designed on the market. They
are made in two, four, six or eight descent Light Holderever invented.
slots or columns. Best and most economical equip
The Ryede is a machinedesigned ment for factories and establishments
to vend gum, chocolate and all needing a lamp that can be easily ad
kinds of confectionery in stick or justed and meet all the requirements
package. of an adjustable or permanent fixture
A great feature of the Ryede for the holding of an incandescente
machine is that in case repairs are light.
found necessary the entire mechEasily fastened to ceiling, wall or floor; in.
anism can be instantly removed stantly ready for service without altering the
from the case and repairs made or wiring or other fixtures. Only bracket made
another substituted without re
moving the case from its original for its purpose that will not get loose through
position, thereby making the machin constant use.
It will hold any style or make of stant vendor at all times.
A request will bring full information.
Little Giant Clothesline 1
designed for holding
j a clothesline without
tying. Can be in-
of put the line through
from top, pull as tight these leaders is that they will
as desired and it hold the ribbon neatly and
holds fast every time. straight and make it possible Simple to loosen. to lead ribbon through the Made from pressed most delicate fabrics.
One set of ribbon leaders
' 35 cents prepaid.
The Ryede Perfection is
WE CONTRACT FOR METAL SPECIALTIES OF ALL KINDS.
RYEDE SPECIALTY WORKS, Rochester, N. Y., U. S. A.
Why do YOU wear torture trusses
like these shown below?
Think of the suffering and the trouble spared if you could get your Rupture HELD as we positively guarantee to do: if you could do your work in COMFORT and FREEDOM, knowing that you were as SAFE as if you never were ruptured, and that by CONTINUOUS HOLDING of the Ruptured Parts a CURE was made possible for you at last!
THE PROBLEM SOLVED AT LAST
And you will be convinced of this wonderful truth when I fit you, or after a careful reading of my book, which I gladly mail FREE to all writing for it. I state FACTS only and show photographic illustrations of the Cluthe Truss, guaranteed to hold ANY Rupture. SMALL COST. No springs. no leg straps, may be worn in bath ; most durable.* Call this week, or, no matter where you live, write NOW for my 44- page descriptive FREE BOOK (sealed), with Order Blank and eminent Surgeons' Testimony.
CHAS. W. CLUTHE, 125 E. 23d St., New York City
(Between 4th and Lexington Aves.)
THE WORLD'S own story for 1906 is one of unrivalled progress in material and Journalistic achievement. The advertising published increased more than 7,000 columns, or MORE than twenty columns for every day in the year, and the separate advertisementis reached a total of nearly 1,400,000, or more than a quarter of a million MORE than in the record year of 1905! In circulation new records were also the rule, the last quarter of the year showing a net gain of over 50,000 copies per day for the same period of 1905.
The year crowned with victory the long struggle of THE WORLD against insurance corruption and high finance in the passage of the Armstrong bills, reorganizing and remodelling the whole system of life insurance in the State of New York. These laws embody the exact insurance reforms recominended by THE WORLD in the best interests
policy-holders. They wipe out the whole tainted system, the foundations of which were laid by Henry B. Hyde more than forty years ago, and were wrought to perfection by adroit men during the years thalt followed, until its alliances reached into the Capitol of every State in the Union, into the United States Senate, and into the organizations of both political parties. It sought to buy Ambassadorships; it corrupted Legislatures, and paid for it all with the savings of policy holders all over the earth, turning the proceeds of their thrift into the channels of political and financial corruption.
This structure so skilfully reared, so arrogant, so powenful and seemingly impregnable, was overturned. It was THE WORLD which forced from a reluctant Governor the call for the appointment of a Committee of Investigation to inquire into the manage. ment of the insurance business. The story of corruption revealed by the Armstrong Committee is a matter of history. The first three months of the year were spent in framing a report embodying laws for enactment which would stop the robbery of the policy-hollers and make it impr.ssible in the future; put an end to the corruption of public servants, and the use of the money of the policy-holders in contributions to political campaign funds.
The report of the committee, promptly enacted into law with no dissenting vote and signed by Gov. Higgins, was not only a revolution in life insurance, but a revolution in high finance. The new laws break beyond repair the endless chain by which the savings of the people had been gathered in by the insurance companies, turned over to Wall Street promoters and employed in speculative operations against the public welfare, and they smash the link between insurance corruption and political corruption.
The law forbids insurance companies to hold stock in other corporations, thus sweeping away all the bank and trust company leeches which had fattened off the policy. holders, and stopping the use of insurance company funds in railroad warfare, as well as putting an end to a favorite way of the looter's of forming "inside comporations'' with which to trade, always at a loss to the insurance company, with a corresponding profit to the looters. It provides for a register of lobbyists at Albany, making it unlawful to maintain a secret lobby. The policy-holders will have a real representation on the boards of directors; deferred dividends are abolished; the cost of getting business is restricted,
More than this. The new laws enacted as the result of THE WORLD'S efforts are made to cover all corporations, insuranice or other. They forbid any corporation other than a political corporation to contribute to political campaign funds. The crime of perjury in corporate management is made easy of detection and easy of punishment. The making of conflicting Sworn statements-like one for the purpose of securing a reduction of taxes and another differing with it for the perusal of the Railroad Commission, the Gas Commission or the Stock Exchange is to be accepted as primae facie evidence of perjury.
The policy-holders who, by reason of hard luck or for any other reason is unable to keep up with his payments is not to lose all he has invested, but will receive a policy representing four-fifths of what he has paid i'n. Policy-holders may take a real pant in the selecting of company officers, and a register of all policy-holders must be filed long enough before the annual election and for the Inspeotion of everybody to enable cam. paignerg to address them all, while full publicity must be given to all expense accounts
dizement, stock" of the manever paid out in the Government Premiums-nearl
which puts a finis to "yellow dog" funds and fat retainers for legislators who happen to be lawyers.
The control of the itnsurance companies, with an aggregate of two and a half billion dollars in their treasuries, was the keystone in the arch of high finance,More than 5,000,000 policy-holders pay in half a billion dollars a year in premiums-nearly as much as the whole revenue raised by taxation by the Government of the United States. Only about one-third of this was ever paid out in any one year. This vast surplus formed the "capital stock" of the managers of the companies who used it for their own aggrandizement. The keystone has been dislodged. The arch has fallen.
The National Convention of Insurance Commissioners at Chicago in March adopted almost, word for word, THE WORLD'S life insurance reform platform. The Arena said: «THE NEW YORK WORLD, seizing on the opportunity for the unmasking of the festering moral corruption, began a series of editorial leaders devoted to the expose of the true inwardness of the company that have seldɔm, if ever, been equalled for boldness, lucidity of persistence.”
When Thomas F. Ryan secured control of the Equitable Life Assurance Society by the purchase of the 502 shares held by James Hazen Hyde out of the total of 1,000 shares, he called upon Grover Cleveland, Morgan J. O'Brien and George Westinghouse to take up the burden of straightening out the tangled affairs of the company as trusteeg of his holdings and for the benefit of the policy-holders. As holder of this majority stock M:. Ryan controlled the $420,000,000 of assets of the Society, and this was the fund the manipulation of which had enabled the high financiers of the Hyde-Alexander regime to wax immensely rich. The stock itself could earn not more than 7 per cent. under the by-laws of the Society, but Mr. Ryan paid $2,000,000 for it. It was worth about $170 a share, if its holder did not pursue the high fin unciering fashion. The Equitable was not a mutual company like the others, and how to safeguard that great fund from further exploiting was a puzzling proposition for the Armstrong Committee. The Equitable charter might be revoked and a dissolution or reorganization undertaken. In this dilemma Mr. Ryan promised the committee that, through the trustees, he would accept a new charter drawn by Mr. Cleveland and transfer his stock to the policy-holders. Having quietly secured control of the Equitable Trust Company, the Mercantile Trust Company, the Bank of Commerce and the other subsidiary companies through which the old managers had milked the Insurance Society, he stood to lose nothing, and kept his promise rather than risk a revocation. Thus, thanks to the work of THE WORLD, the policy holders recover the vast fund which they had built up through many years of premium payments.
of the Society? he stock itself coata financiers of the and this was the point
TRAGEDIES OF THE INSURANCE SCANDAL.
While the high financiers who were responsible for the looting of the life insuranco funds entrusted to their care were hustling to make restitution of the funds which they had stolen or diverted to improper uses, as revealed by THE WORLD'S Fearchlight pub. licity, tragedies were being enaoted about them on every side. Men whose consciences had long lain dormant suddenly felt the sting of self-indictment; othens who had hoped to escape punishment by restitution, and others still who, even with the help of the ableet men of law, were unable to escape the clutches of the criminal courts, were the actors.
Banks. trust companies and other filuciary institutions which, like Caesar's wife, must be above suspicion, made 'haste to drop from their directorates the names of the men "caught with the goods on" in this miserable life insurance thievery. The reports to the State Insurance Department showed a net falling off in new business done by the companies of $131,72 1,8.51 in the fiscal year of 1906 as compared with the preceding year. The members of the finance committee of the New York Life Insurance Company who sanctioned political contributions to the Republican Campaigm Committee paid back to the company $148,000 out of their own pockets, fifteen men giving about $10,000 each. Hrde reimbursed the Equitable for the $50,000 dinner to the French Minister, and the "vellow dog fund” was covered back into the treasury.
As for the leaders in the exploiting of the moneys of the policy-holdens, all were dropped from the company managenient, and
John A. McCall late president of the New York Life Insurance Company. after making a brave defense of his management and justifying it with so much earnestness that the conviction was forced upon most people that he had really erred more in the head than the heart, first gave up all that he had in partial restitution, and then died of a broken heart, leaving his family practically penniless; Jam+S W. Alexander, former president of the Equitable Life Assurance Society, whose hatred and jealousy of James Hazen Hyde gave THE WORLD the instrument it had been searching for for inany months with which to break through the case-hardened shell of the egg of insurance corruption and expose the rottenness inside, is mentally and physically broken down; Richard A. McCurdy, former president of the Mutual Life Insurance Company, is a physical wreck, vainly searching in Europe for health and surcease of worriment; James Hazen Hyde, former vice-president of the Equitable, is am exile; Lewis A. Thebaud, sonin-law of McCurdy, is an exile, and Robert A. McCurdy, son of Richard, has been forced out of the company; Vice-President W. H. McIntyre, of the Hyde regime, has been forced out and seeking his fortune in Texas; Vice-Presidents Robert A. Grannis and Walter R. Gillette, forced to resign, are under indictment for forgery and perjury; "Judge' Andrew Hamilton, who "handled" over $1,600,000 for the “Big Four' as legis. lative agent and was never asked for an accounting, is no longer in power: Andrew Fields, who was a legislative agent and host at the "House of Mirth' at Albany, has been dropped, the house closed, and he is broken in health; Thomas D. Jordan, former comptroller of the Equitable, and with Hyde and McIntyre a co-trustee of the $685,000 "yellow dog' fund. out of which secret payments were always made as of political campaign contributions, promotion of legislative action and the like--and in the restoration of which James Hazein Hyde paid $212,000 out of his own pocket and the rest came from
anonymous sources, is removed from office: Frederick A. Burnham, president of the Mutual Reserve Life Fund Association, commonly known as the “Mutual Reserve," was indicted by the Grand Jury five times for larceny and forgery; Vice-President George D. Eldridge was also indicted on five counts of larceny and forgery; and George Burnham, Jr., vice-president of the Mutual Reserve, has been brought to trial on a charge of grand larceny and convicted.
Suits have been commenced by the looted companies against the looters or "high 'financiers' for the restoration of an aggregate of more than $10,000,000, and there are more to follow.
All of this is the result of the persistence of one newspaper having for its aim the service of the people.
THE WORLD IN THE RECENT CAMPAIGN.
THE WORLD was the first to name Charles Evans Hughes for Governor of the State of New York. In its leading editorial March 19 it said:
"The insurance question makes Charles E. Hughes the logical candidate of his party for Governor, for he is the very personification of the issue. Moreover, his monumental work as counsel for the Armstrong Committee has earned for him any office within the gift of the people of New York."
From that day down to the close of the Saratoga Convention THE WORLD urged the Republican party to honor itself and raise the party standard high above the levels to which it had been dragged by the managers of the party in recent years by naming Mr. Hughes for the Governorship, second only to the Presidency of the United States among American honors.
. When the coquetting of "Boss" Murphy and Williarn R. Hearst became so flagrant that only the blind could fail to see that Murphy, fearing for the life of the Tammany Hall organization, and his own as well, if Hearst were to be permitted to make the canvass for Governor as a third party candidate, and, fearing that in such a triangular contest in New York County Tammany would lose the ten Supreme Court Justiceships with the attendant patronage, was preparing to force the nomination of Hearst on the Democratic State Convention by casting in Tammany Hall's solid delegation and such "up-State" delegations as he could effect a deal with the leaders of the Republicain party failed entirely to realize the danger of the situation. They seemed infatuated with the idea that Hearst as a third candidate would draw all his votes from the Democrats, splitting the party in two and placing it at their mercy. Then THE WORLD sounded the note of warning that their estimate of Hearst as a weak candidate was ancorrect; that he would be stronger as an independent candidate, free to assail both the old parties than he would be weighted by Murphy and the corrupt hordes of Tammany.
Then came the consummation of the deal between Murphy and Hearst, and Hearst was nominated by the Buffalo Convention, and Higgins, in a panic, gave up the ghost and declined to run.Charles E. Hughes was placed at the head of the weakest ticket presented to the voters of this State in the memory of most men.
THE WORLD supported Hughes ardently throughout the campaign. So ardently that it elicited this comment from Harper's Weekly: "With the exception of Mr. Hughes himself, the most able and zealous supporter of the Republican ticket in the State of New York is THE NEW YORK WORLD."
To which THE WORLD replied: "Not the Republican ticket in the State;' by no means! THE WORLD asks independent voters to make Hughes Governor for his record, for his character, for his ability, for his manly pledges of energetic action. It asks no man_to vote for such Republicans as Merton Lewis."
Perhaps the most effective work of the campaign was the reproduction of the villainous cartoons from Mr. Hearst's papers of a few months before showing Charles F. Murphy in stripes, accompanied by the letter press denouncing him as "the worst thief of them all.” They tung so that Murphy retained a lawyer, who served a protest on the editor. A series of questions addressed to Mr. Hearst as a test of his claim to consideration as a Democrat, and which have never been answered. was also effective.
A careful canvass of the voters of the city was made by THE WORLD, and a painstaking survey of the situation in the rural counties, and upon the results obtained THE WORLD boldly predicted three days before the election that Hughes would be elected. On November 4 it said: "Many thousands of Democrats will vote for Hughes. The up.State Democratic organization has gone out of business. The Brooklyn organization has repudiated Hearst. Tammany is split, Croker has denounced Murphy's deal with Hearst as un-Democratic, and unless many thousands of Republicans vote for Murphy's candidate, Hearst has not a ghost of a chance of election."
ation as a series of question that Murpatter press " months before reproduction
GAS TRUST EXPOSIED.
The longing to a closeed a nearly three the city, am the contraexpired, names business,
The long fight against the Gas Trust, in which THE WORLD has been ever in the lead, is drawing to a close, and all signs point to a complete victory for the people. When THE WORLD declared nearly three years ago that the charges of the Consolidated Gas Company for supplying light to the city amounted to extortion, and as the result of its own investigation it declared that nearly all the contracts, permits and other public documents which the Trust called its "Franchise'' had expired, and that the
Trust had no legal standing as clainiant of a monopoly in the gas lighting business, • Officialdom was skeptical. THE WORLD showed that the company was paying a dividend of 30 per cent. on its product, and that its capitalization was not in its plaint, but in a franchise, and they did not own the franchise. It showed that while the Trust asked $1.30 per thousand feet from the city, it was supplying favored customers at
had no legal standing as claimant une