Historical Newspapers of South Carolina

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ROY LETTER SUBJEGT OF STRICT ENQUIR] SENSATION SPRUNG BY DIE PENSARY COMMISSION. Letter From Liquor Man Proposin Method of Collecting Claims Against State Dispensary. Columbia Record, 16th. Another sensation has broken loos in connection with the dispensar3 Mr. W. D. Roy, president of the Bej roy Distilling company, of Louisvil which is a creditor of the disper sary in the sum of $40,000 or mor addressed to other creditors. abou the middle of December, a letter ii which he offered to take charge o the collection of claims of this char acter, saying, in explanation, that ul timate settlement would be hastene< by a concentration of the claim. Hi enclosed with his letter a blanl agreement. to be signed by the ad dressee, making Roy and the Nation al loan and Exchange Bank. of thi city, attorneys for the claimant. fo] the purposes of collection, and al lowing Roy and the bank named commission of six per cent. on. al: moneys collected by them from the dispensary. In his letter Mr. Ro mentioned Mr. W. D. Melton, of th Columbia bar, as being associated with him, and also intimated that he had behind him the prestige and in fluence of other prominent Colum. bia-newspaper men and bank of AOials. Copies of this letter came into the possession of Mr. W. Y. Stevenson, attorney for th-e state dispensary commission, and he promptly com municated with the commission, which thereupo:i decided to investi gate. Having by legislative author ity the powers of a court, the com mission summoned all hands before it and yesterday afternoon at 4 o'clock commenced an inquisition which is still in progress. By Mr. Roy.'s own admission and the testimony of others, it was show' at the outset that the proposition of Mr. Roy to the creditors was made without the knowledge %r consent of the National Loan 'and Exchang? Bank. Mr. Roy explacined that there was nothing wrong in this, as he named the bank only in order that he might use it for a depository it which to place the funds a's hE might be able to collect them frox the dispensary. Mr. Roy also exonerated Mr. Mel ton, saying there had never 'been any thing improper in his association witi the distilling interests, and that i: fact a radical difference on a tech nical matter with one of the dispen sarv credito'rs had caused Mr. Mel. ton to withdraw from the case entire ly some time ago. It developed that the newspape: man whose name was involved was Col. August Kohn, of the News an< 'Courier, who is also a director of thi Loan and Exchange Bank. It wat shown that Mr. Kohn 's connectio2 with the matter consisted only in ree omrmending his friend, Mr. Melton to Mr. Roy as an able attorney, an< in asking Mr. Roy to make the Na tion'al Loan and Exchange Bank hi depository. Mr. .Roy 's letter contained an inti manton that there -was an alternativ method of collection. To the com~ mission he explained that this refe: red to a scheme devised by Mr. 'I Moultrie Mordecai, of the Charles ton bar, who had some plan for gel ting the money through Mr. Steven son, the commission's attorney. Mr. Stevenson brands as a lie ou of the whole cloth any intimatio: from anybody that he is associate with Mr. Mordeeai in any matter and so far Mr. Roy has not brough forward any evidence to prove suc assoc.iations on Mr. Stevenson's pari The dispensary commiSsion 's at tivity in the matter is du~e to an it ference. that it is said can be draw from Mr. Roy's letter. to the effe< that the comso has been nndul rezardfuil ef the welfare of certai hauks. at the expense of the disper sa ry's creditors, and that it could b indueed by improper influience to pa claims a-rainst the institution on th part of liquor houses. It hiapper that Dr. W. J. Murray, the chairma of the commission, is a director c the Loan and Exchange Bank an that several other members of th commission are bankers also. Columbia, Jan. 16.-Mr. T. Mou trie Mordecai of Charleston. and M W. F. Stevenson, of Cheraw, appea: ed befo re the dispenisary eommiflssiC this afternoon of their own accor and made statements. Mr. Mordee: read the report of yest.erday 's pr< eV1ins inl the Ne'ws anid Courie fifen ., inntes after t'.e 'maf Columbia had left Cahrleston at o 'clook. He at once .eini1 his nal was mentioned in an unpleasant manner, chartered a special train to get him to Columbia, and wire.1 that commis sion and the attorney general that he .. was .n the way, with uim c had Mr. Frank K. Meyers, the expert sten ographer who took down the state g ment of Mr. Morlecai and of Mr. Stevanson. Mr. Stevenson was in Cheraw, his home, when he learned of the testi mony of yesterday, and he came here 1 e on the first train, but owing to a . change of schedules on the Sea>board - he was unaible to get here until af ternoon. - Mr. Stevenson as soon as he secur e ed the opportunity stated to the com t mission his anxiety to get a hearing i and to have the others interested to ? make their statements and Mr. Mor - decai exhibited equal eagerness. Mr. . Stevenson spoke irst and Mr. Mor M decai following. Mr. Roy was pres , ent as he had been all day. But he e had nothing to say. Mr. Lester hal . left in the morning, after the com . mission refused to pay his claim. Both gentlemen explained their posi tions fully denying that there wa4 ever any agreement between them. or any improper proposals. PLOT TO DESTROY FLEET. Conspiracy Discovered at Rio Jane-; rio-All Conspirators Have Fled to Interior. Rio de Janeiro, Jan. 19.-The Bra zilian police havc discovered an an archzistie plot,be-- havinz 1'r: ch. jeet :he destructc:'i cf part of the Ameriegn fleat no- lying in - i.ar bor. The conspira-'y, while center:ng in Rio de Janeiro and Petropolis, has ramificationh in Sao Paulo and Min as G'eraes. An individual named Jea, Fedher, who resides in Petropolis, was the chief conspirator here, al though it is understood tha: foreign anarchists are deepiy involved in the plo... Fedher is believe-d to have fled to Sao Paulo. and the police who know him have bzen sent to that , place for the purpose of apprehend ing him, One of the detectives, who was well acquainted with Fedher, having served on the police force at Petropolis for some time, raturnei from that plae today, after iavinigI made investigations there and had a lcn.g conference with the chief of po lice at Rio de Jar airo. TI'o latter let it be understood later that the Sao Paulo police are on the track of the arch conspirator and 'expect to arrest him soon. In an official note whiek :he chief of police sent to the corrcapondient of the Associated Press h:e sayh: ":Some time before thre arrival of the American fleet at Rio de Janeiro, the Brazilian governmenit received1 from Washington and Paris advices that anarchists of different national ities intended to damage one or sev eral of the ships of the American[ fleet. The names and addresses of the conspirators were indicated by Sinformation which the police here Shad received previously from France 'and Germany. The police of this dis t.rict are working with the police of' Sao Paulo and Minas Geraes and Ii am sure every precaution will be ex-j ~ ercised and the most rigorous vigi a lance observed both on land and at sea to preven't any injury being done.'' SThe chief of poliee, after having -made this official statement said ghat he did not f:-el i hould go ini > ' conspiracy. but he authorized the' statement that the plot was organiz ed by Fedher and he added that the -people of the UTnited States could rest easy, as all of the conspirators thad taken refuge in the interior. - The people of Brazil are ignorant of the details of the plot to do injury to dlie visiting vessels, alt.hough there has been some slight inkling of the' matter. 'The impresion which t-he exposure of this plot will make will be profound, because it is the first anarchistic conspiracy that has ever been known in Brazil. IThe police of Sao Paulo have sent word that they are on the track of nthe malefac'tors. who. they declare.~ wvill not be able to (*omel to Rio dk NOTICE OF FINAL SETTLEMENT nWe will make final settlement on f the estate of Mrs. Elizabeth Camer d on. deceased, in the probate court for C Newberry county on Friday, the sev enteenth day of January, 1908, at 1. 11 o'clock in th~e forenoon, and im r. mediately thereafter apply to the e- said court for letters dismissory. All ni persons mndebted to said estate will d make payment on or before said date ii and all persons having claims against >- said estate will present them duly' r, attested. >H. W. Cameron, 7 T. L. Cameron, Execntors. THE 'MUTUAL B THE MUTUAL I become non-forfeitable after or thereon is less than ten dollars All Such Policies, therefore, 1. Loan values (at any time 2. Cash Values. 3. Paid Up Insurance that h 4. Extended Insurance that thereon. All Such Policies (without e 5. For Reinstatement at an3 pany, and payment of arrears y 6. For Annual Dividends, bE Which may be used (a) to rE the policy into an endowment gradually diminishing age. or (d be (e) withdrawn in cash. 7. For change of Beneficiai within one month of default in I 8. That they shall be Inconti 9. For Dividend Earning An No restrictions in policies ac The privileg es of the new pc policies. Some Comments Means What It Says. PROBABLY no event has occurned during this year that has excited greater interest among life insurance companies and field men than the announcement of the new departure of the Mutual Benefit Life. Even among the competitors, unstinted praise is given the Mutual Benefit Life for its extreme liberality A life insur rance statistician writes that it is "the greatest innovation of recent years." The officer of a company-and an actuary says .that too much is given. Another says that it is a great step in advance if the company intends the policy to apply as we construed it in our issue of last week. One of the best informed general agents in the Metropolitan field tele phoned our office for additional informa tion and before ringing off said that the Mutual Bene,ft had truly "set the pace" -The Eastern Underwriter Dec. 5. 1907 The Mutual Benefit's Super-Standard Policy. Growth of business has never been a prime object with the Mutual Benefit, yet we shall be much surprised if rapid growth does not result from putting such a policy on the market as that recently gotten up and published by the company. It marks a great advance in the liberali zation of policy contracts, and the fact .that the company with its well-known cautions and circumspect ways, should have felt itself enabled to take this long stride is a gratifying fact to all who are concerned in the history of life insurance development. It is indeed a crushing The.Mutual I Is the Lea It has Paid Poli B. L. JONES AN Office over Commercial Bar The early buyer gets1 Our stock is being rep aily by the arriv als -of easonable goods. LACES-ValencienneSs -ish. Cotton Suitings in r fncy designs and color: Ginghams, best grade i olors. Perce3les, Lawns, Liner Buy wisely, therefore 1 ENEFIT'S SUPEIWi THE NEW POLICIES -OF 3EFEFIT LIFE INSURI tly One Annual premium has per $1,000 of insurance. after only one year provide: ) as Cash Values equal to the res works automatically and has Ca xception) provide: time, upon evidence of insurat vith interest. ginning with the second policy ,duce premiums. or (b) increase payable during the ife time of ') convert the policy into.a paid ry at any time, and from time to )remium payment. estable after One Year. nuities, or InstalmPnts, if desire to Residence, Travel or Occul licies will, in so far as- possible, on the Mutual Ben commentary upon governmental plans of standardizing policies and stereotypin their conditions and upon governmeni restrictions generally, that a private com. pany, having no motive other than th< desire to merit and to win public patron age, should put forward voluntarily form of contract which in liberality o terms laves the legal standard policie. far behind. Let us, however, be thank. ful that companies still have permissior to go one better than the standard poli" cies if they see fit. * * * * The above points which do not exhaus1 the beneficial features of the new policy are to be made retroactive so far as i practicable. They are evidence of a de. termination on the part of the manage. 1 ment of the Mutual Benefit to excel it, old tranditions as a conservative reform. ing company. It may be recalled it passing that it was this company whiel so far back as 1879 introduced the non forfeiture principle into its policies a principle subsequently adopted by lif< companies generally. Thus it not only improves its own policies, but it was the cause of other companies improvimg theirs.-Life Insurance Independent, No. vember, 1907. Mutual Benefit's Big Sensation. A liberal and cheerful giver has The Mutual Benefit Life Insurance Company ever been, and never was a more gene rous gift bestowed upon a body of policy holders, present or prospective, than thai which on January- 1 next, this greal mutual company will tender its policy ,holders. The company has decided tc 3enefit Life I1 ding Annual Dividend cy Holders since Organ DVER $250,OOO,OO D MISS JOE L.. Newoerry, S. C. ik.. Our fiih the best. lenished TE new and Tenne3 late Al nuts, C rnd Baby~ Chocol Iows,Z A nic leat and For . Candy, mnd good 1s, etc. D buy now. P He ITANDARD POLICY kNCE COMPANY been 'paid, unless the reserve er Ye thereon. .sh Values equal to the reserve >ility satisfactory to the com year. the insurance or (c) convert the insured at a specified and up participating policy, or may ime, while policy is in force, or d, at maturity of policy. )ation. be extended to all outstanding afit's New Policy. issue new policy forms which are to con tain provisions exceeding in liberality those of the old policies which. were themselves models of generous dealing. But here comes a most remarkable de parture from custom. It has not been uncommon for a life insurance company to make exceptional concessions to new policyholders, concessions which were withheld from the old policyholders, although the latter were too often taxed . to pay the fiddler The Mutual Benefit, however, has decided that the old policy :holders have equal claim with the new policyholders upon its generosity, and every new privilege or benefit it has in . corporated in the new policy forms has been granted to the holders of policies ; already issued. This is mutuality of the . genuine type * * * * I That there has been nothing to com Lpare with this action of the Mutual Bene . fit, in recent inmurance history, admits , of no denial. Were the company other Iwise than the strong and popular corn Ipany that it is, it might be charged with indiscretion, but the Mutual Benefit performs even better than it promises, and liberal as are the offerings now made to its policyholders, the Mutual Benefit management knows that the company can make good or it would not have en tered upon its present course. It is neither the custom nor the need of the Mutual Benefit to play to the galleries. It wins applause by solid merit and hon est methods.-The Insurance Observer, Dec. 2, 1907. rsurance Co. Cornpan'y. ization in 1845, 0 JONES, Agents, WANTED! nds to know that we have added to our stock a nice line of NNEY'S CANDY, 's Cream Cake Chocolate, Choco mnonds, Korn Nuts, Salted Pea hnocolate Cream Drops, Assorted ate, Peanut Brittle, Marshmel ettes, also Mackintosh Toffee, &c. e line of Sc. and 1lOc. Box Candy. anything in Stationers, Cigars, etc, CALL ON oad dus & Rol AT THE caid and News Office.