

M VSSACHUS1 



on shares witlulruwn. $.31.486.24 f..r dm > on i 



H retired. 



anl $- > >',V>o? f.r dues on shares matured a total 

 of $3,962.500.19, which sum represent- actual sav- 

 ings |aid back to member*. The same in. i 

 received $7X0.291.1^ La ntim 



banks paid 7 j and one only 4*. There 



were HI which paid 6 per mil. 

 Insurance. Tl>. r. p.-rt ..f the 1 



^iiows that tin- in. -on ..... f the department 

 06 was $59,176.20. an increase of $1,984.84 



he previous vear. Tin- total expenditure was 

 MM76J0; leaving a Mirploi revenue <>r jf-j-.- 



si,,,** that i:t mutual fire com p.: 

 arc in MM hand* of receivers. 



Karly in IttW iimiiy pol, n of the Massa- 



. uefit Life Ins,.' tpany appointed 



unittee to examine its affairs. As tin-re was 

 opposition to the examination on the part of tho 

 officers, the Legislature was appealed to. and a law 

 was passed authori/.ing the appointment of a eom- 

 mission of the imliey holder- by the <io\ernr. who 

 should have full JM.\VT to make -m-h examination. 

 M i mission was appointed, and as a result all 



and managers gave place to a new I 

 and the by-laws wen- so changed that each policy 

 r has an equal right with every other policy 

 holdt-r in the ownership and management of the 

 association. 



Capital and Labor. The reix.rt of a -pe -ial 



ittee appointed by the Arkwriu'ht Cluli to 



consider the matter of Southern competition with 



Northern cotton mills was presented in December, 



and another committee was appointed io d.-vi-e 



ds of carrying out the recommendations con- 



tained in their report. Following are extracts from 



"The long hours run and the low price* paid, wo 

 believe, make the cost of labor in the South alout 

 40 p. than in the North. The work- 



It Carolina is twelve hours, 2 i 



r than in Massachusetts, ami the price 



paid per day for common labor in the mill* is 



from 50 to 75 cents. So far as we could learn. 



there is no disposition i M labor unions. 



total cost of labor in several well-run 

 mills was found to he under 4 cents per nound. 



<> not know of any mill in Massach 

 making similar goods in which the cost is less 

 than 6 cents. It seems a dutv to apply at once 

 to the legislatures of the New Kngland "States to 

 put us back ujw>n a footing with the BUUrataCtQTefl 

 in other parts of the country. It is particularly in- 

 cumU-nt upon us to urge th'e Legislature of Massa- 



rej>eaJ the legislation reducing the hours 

 of latior to fifty-eight. Meanwhile, it is not possible 

 for manufacturers to wait the slow action of le 

 tures. nor even to count upon it that their r 

 able request will be gran 



annual dividend list of the Fall River mills 



in Deeembef shows that the total capital repre- 



sented, not including the Arkwright mills, which 



were organized this year, on which dividends are 



based, is $22,988,000. The average per cent, of 



dividends paid on capital repr :::{*. The 



uld be smaller were it not for the Mourn--. 



u has paid a regular monthly dividend of 1 per 



and an additional dividend nt. in 



,-t. The mill i. ju-t acp.ss t },,. state line in 



Rhode Island, and , th- lal>or laws of 



the latter State, though deriving all the benefit of 



At a general meeting of t Manufac- 



turers' Association at IV,: River, Dec. H. it was 



: unanimously to reduce all waire- in the mills 



Of the 



At an . .j.eratives' conference, Dec. 8, at Fall River, 



the f ion wa> adopted, to be < fl 



to the uni.'i. .led: 



Wr,,/. That we accept the re.luciion. u it 

 would not be good Imsii.. on our part to 



enter into a strike at the present time. I Jut \ve in- 

 form our employers that a- soon as \\e think there 



D of profit -ullicicnt for the re-torat; 

 the present scale we shall demand it. 



to go to ti M- employ- 



ment by g. 



nent was made early in tl eur- 



tail product j, m. and many m'ills were idle in the 



It was found, in April, that several large con 

 lion- .\cnt.a large amount 



of their indebtedness having IH-CII lefl oir 



-ubmitted U) tl 

 pointed. 



The report if the Chief of tl,. -nelit 



ra that the evil of child labor in the 

 is growing less, and the report- of the in-p. 



that the number of children employed in 

 manufacturing, mechanical, and mercantile . 

 lishments and workshop- Children em- 



ployed between thirteen and fourteen years ol 

 104; young persons employed between fottJ 

 and sixteen years of ; 



(,auie and FMi. Tht annual report of the 

 Cotnmi ioners of Inland Fisheries and (Jamesays 

 that, despite all efforts to suppress tin- illegal traf- 

 fic, a very large number of -mall : N an- 

 nually destroyed. During the last ciglr 

 r (i-lier'ies have steadily decreased 

 the catch of egg-bearing loli'-i : this 

 fie returns, so far as received, indicate about 

 : of all others a decrease of 1(1 per cent. 

 below last year and ; .xOO. 



The rearing and distribution <f Mongolian phca-- 

 ants during the pa-t year ha- been fairly successful. 



(attic ( ommisxjon. The report of this oom< 

 mission for ls'.7 shows that the number of cattle 

 pai-1 for as tuberculous during the year was " 

 and that the amount paid for tnem was $179.86 

 over $5,500 was paid for 160 animaN in which no 

 lesions of the disease were found. (Quarantine, kill- 

 ing and burial expenses, and arbitration brought the 

 average amount paid for condemned cattle up to 



per head. 



( oiu iiiemoi-al ions. New Bedfonl celebrated the 

 fiftieth anniversary (.f its incorporation a- a city, 

 < ><-t. 1 1 An exhibition of the products of the city 

 was opened, including those of about thirtv line- of 

 industry. Among i.ther !" t he <lay was a 



message of greeting from Bedford. Kngland. Ad- 

 dresses were also made by the mayor, C. S. Ashley, 

 the pre-ident of the day. "W. W. Crapo. and (ieorge 

 F. Tucker, the orator of the day. 



On Dec. 17 a bronze tablet, set up at the birth- 

 place of (Jen. Nrael Putnam, in Danver-. by t he 

 -hters of the American Revolution, was dedi- 

 cate,]. 



A monument to Col. Robert G. Shaw, who was 



killed while leading the Fifty-fourth Ma-achu-ett- 



vient. the fir-t negro regiment in the 



civil war. in an assault on Port Wagner. Char 



harbor, in 1868, was unveiled on p. ;rnon 



luring tl xercisesof Memorial Day. (See article 



FIN; 



The one hundredth anniversary of the launching 

 of tl ution" r-oid Ironsides") wa- 



brated at the Old South Church. Boston. Oct. 21. 

 Maj. William II. (iarland. who was a powder \ 

 the "C,,n-titution " when -he met the-'. 

 was prewi- :u which he had written. pn- 



the Shif..' : by Prof. Churchill, who 



a No read Dr. Ho]m-s's f>oem "Old Iron 

 Henry Cabot Lodge was the orator of the day. 



