NORTH SHORE BREEZE 
17 
Society Notes 
Mrs. W. Scott Fitz has been spend- 
ing the week at Manchester with her 
sister, Mrs. Henry S. Grew, after a 
five weeks’ stay in the White Moun- 
tains. She closed her cottage at 
Manchester some weeks ago and re- 
turns to Boston Monday. 
Mr. and Mrs. Francis R. Spaulding 
and two boys are back to their cot- 
tage at West Manchester after a most 
enjoyable season abroad, in England 
and on the Continent. Fora month 
and a half, while Mr. Spaulding was 
home on a business trip, Mrs. Spauld- 
ing and her sons, toured France in 
their 20 h.p. Rambler. They are de- 
lighted to get back to the North 
Shore for the autumn and will remain 
here till spring. 
Among the departures from the 
North Shore next week will be the 
Judge Moores, who leave for New 
York Tuesday ; the Mrs. J. S. Cabots, 
who will return to Boston Thursday ; 
the L. A. Shaws, Tuesday, and the 
George Lees, Monday. 
Mrs. H.C. Weston closed her cot- 
tage at Beverly Farms Thursday and 
returned to her town house, 177 Bea- 
con street, Boston. 
The C. H. Daltons have closed their 
cottage at Beverly Farms and returned 
to their 33 Commonwealth avenue 
home. The Mrs. Frank Morrisons 
also closed their Farms cottage this 
week and are located at their 150 
Commonwealth avenue home for the 
winter. 
The Richard Welds, who have been 
at Beverly Farms this summer, re- 
turned to town Monday. 
Mrs. Gordon Prince left Beverly 
Farms last Saturday and returned to 
her Beacon street home for the win- 
ter. Her son, Gordon, enters Har- 
vard next year. 
POINTS ABOUT THE 
NEW YORK LIFE 
Brought out in the Legislative Investigation 
Now that the smoke has cleared 
away, certain facts regarding this 
Company stand forth conspicuously. 
Not a single penny has_ been 
knocked off the assets of the Com- 
pany as shown in the Detailed Report 
of January 1, 1905. 
Not a single penny has been added 
to the liabilities of the Company as 
shown in Detailed Report of January 
1, 1905. 
NOT A SCINTILLA OF EVI- 
DENCE HAS BEEN PRO- 
DUCED, NOT A CLAIM -HAS 
BEEN MADE, OF GRAFT ON 
THE’ PART OF "ANY: OFFICER 
KAKAS BROS,’ FUP STORE 
paced ib MONG Sol RE EY BGS Gas 
LL furs shown are of our own manu- 
facture, unexcelled in quality, and 
guaranteed to be strictly as represented, 
Medium and High-grade 
FU 
of Every 
RS 
Description 
[Peete and comparison will show 
that we offer the best-made furs at the 
lowest prices in Boston. 
ORSANY J RUSTEER OPS DHE 
1b TNA Gh) ed ot WP Ss BY a Oe i BR 
ORGQINDETIRELY, 
The total salaries of the executive 
officers are less in proportion to the 
business done than those of any other 
company in the United States. 
The Syndicate Participations of the 
New York Life have been profitable. 
In the past ten years every one of the 
completed syndicates in which the 
policy holders of this Company have 
invested has been a success, and the 
net cash profits to the policy-holders 
have been over $2,300,000. 
In the ‘‘joint account” entered into 
by the New York Life in order to 
make purchases and sales of securi- 
ties on more favorable terms than 
might be otherwise obtainable, there 
has not been one dollar lost in any 
transaction ; on the contrary the net 
cash profits during the past 10 years 
have been over $886,000. 
The stocks formerly owned by the 
Company have been sold at a profit to 
policy holders of $5,200,000. 
The Bonds owned today are worth 
in the market $8,000,000 more than 
they cost the Company. 
The Company has no subsidiary 
corporations or connections of any 
kind. It owns no trust companies, no 
banks and no other enterprises. 
The New York Life had not a dollar 
invested in or loaned upon stocks of 
any kind. Investment in or loaning 
on stocks is prohibited in the By-laws 
of the New York Life. 
Not a single bond owned by the 
New York Life is in default of inter- 
ESC. 
No Official or Trustee has been in 
any syndicate which has sold securities 
to the New York Life Insurance 
Company. 7 
President McCall stated under oath 
to the Committee that he was not a 
millionaire of any kind; that if he 
should die tomorrow the largest part 
of his wealth would be his life insur- 
ance. 
Every purchase or sale of securities 
on behalf of the New York Life has 
been conducted in the most conserva- 
tive manner and for the very best pos- 
sible interest of all the policy-holders. 
The Boston Herald says, ‘‘ there was 
not a line of testimony which could 
fairly connect any official of the New 
York Life with operating in connec- 
tion with the company’s syndicate 
underwritings, for purposes of perso- 
nal gain.”’ 
The Watchman (Boston) says of 
the examination that there is no trans- 
action revealed but that can be 
claimed to have been done in the in- 
terests of the policy holders. 
lie tSs SOP ENS Y2ihOw Seta 
ICGISE, -SwWilTHOUdT KNOWING: 
AUL THE (KAGTS, — Doesanyone 
imagine that any corporation or insti- 
tution in all the wide world could come 
into the searchlight of such an investi- 
gation as is now going on and be more 
free from just criticism than the New 
York Life is today. 
The wonder is, in a business that 
has grown in the last half dozen years 
from one thousand millions to two 
thousand millions of insurance in 
force that in the whole conduct of its 
affairs there should be so little that is 
blameworthy. 
In spite of obstacles within and 
without, obstacles in low place and in 
high place, they have moved splendid- 
ly forward without fear and without 
reproach, building up the greatest 
structure of public beneficence upon 
which the sun ever shone. 
C. H. FLemine, Gen’! Agent, 
106 Washington St., Salem, Mass. * 
MANCHESTER, 
THE BREEZE OFFICE, 
—— AND — 
BEVERLY PRINTING CO. 
5 Washington Street, Beverly 
