Page 2 Advertisements Column 6

Taranaki Daily News, Volume XLVII, Issue 7898, 14 August 1905, Page 2

EXTRACT FROM "THE AUSTRALASIAN," AUG.IfST 5,'190,").

Cable messages received this weeli as to the,affairs of the Equitable Life Assui'e.nco Society ought to be riwl with due romembron.ee ofithe important reconstruction 'effected a few weeks ago. One piece of news as to actions instituted by the United States At'tor-ney-Geijeral against former officer!and directors of the society ife' not unexijcctcd, nnd may be taken as nn earnest of the thoroughness wit J] which the new contlol is to be cxerrfsd:l. Th/i resignation of the president nnd four vice-presidents of the hoard, viz., Messrs J. W. A'lexand"i\ J. 11. Hyde, G. E. Tnrbcll, O. T. Wilson, and W. 11. M'lntyre, were ptaced in the hands of the new chairman, "subject to whatever action he may deem- necessary." Tliat legal action might be ordered ngainst any of these gentlemen or others connect ed with the past -working of the society was evidently contemplated, and from what has transpired there may be ample grounds for it. Hut as regards the reported application for tho appointment of a rcceivyr, and the allegations by complainants ngainst tfio stability of tho society, it would be decidedly unwise for thosf interested' here to jump at adverse conclusions 1 . Tho Equitable is a gigantic concern, too largo by far 1| bo run on the lines it em's been in the past, and, npant from the appointment of Mr Paul Morton, the Sec 1 etary of the Navy, as president, with plenary powers, anotherjall-important reform has been effected by securing the future Control by the policy-hold-ers. This inutu(alisation scheme should do much tio restore confidence tn Oh l society, especially as it ihas been curried out by the co-operation of men of high standing. The method resorted to was simple." Mr James 11. Hyde, the vice-president, whose mode of life consorted so ill with his responsibilities as holder of a controlling interest in the society's stock, was induced to part with that interest to Mr T. F. Ryan, this representative of tho policy-holders. Accordingly, he sold to Mr Ryan over 51 if) shares (carrying the control) for ill.sum of £."»(H>,000. .Mr Ryan, r-nd tliosof acting with him* thereupon con veyed this stock to a iioard of truM••es, consisting of ex-President Cleveland, Mr George Westi; tghouse. n groat Pittsburg magnnt", ajwl Mr'Jufltico Morgan O'Brien, of the New York Supremo Court. These trustees ;re to elect 2ft 'directors designated hy Ul.l policy-holders, and will vote to tlh) value of their stock in tho election of the remaining 21 directors. Tils, it is justly I claimed, will elimin ite completely the one-man power which seems to htiive been the curse of Ihi . past management;. Evidently the j] Americans have set themselves de- jj terminedly to reinstate fie reputation of tile society, and the names of the men concerned in the movem nt do not generally spell failure.*

'■' He appears to have been a very good lad, and to lvave done his'best." So said the president oi the Arbitration Court when delivering judgment) 'in the compensation case ot Cantrick v. Jarvic, and the official, utterance is worth more than a graven 'inscription 011 a tombstone, Tor it represents a conclusion front sworn and cross-examined evidence. It- is testified to 011 oath that Harry Oantripk, oHfoe Blurt', went as U barber's help when Milv 12 years of age, so as to assist his family, and after Hhc death of his mother had. made him aird the rrst ot the children orphans, the seniors simply kept themselves whilst he buckled to as a butcher boy, and sent practically all his earnings to life marlied sister as a contribution towards t'ho support of a younger brother and sister. Whilst riding out at Kailangata the plucky little fellow was | thrown and killed, ami the marrirf sister and 1 r husband thereupon claimed compensation. The court awardcd'£ss.—Dunedin Star. li.et others sing of Prince and Kim? jFor mine's a theme that's greater.; I sing that great, fhnt wondrous thing ! Kipc; Cough's Exterminator ! No victor in triumphal cur Shows conquests half ns sure, For Kreai.er fur the triumphs arc Of Woods' Groat Peppermint Cure, J