The herald and news. (Newberry S.C.) 1903-1937, January 21, 1908, Page SIX, Image 6
BOY LETTER SUBJECT
OF STRICT ENQUIRE
SENSATION SPRUNG BY DISPENSARY
COMMISSION.
Letter From Liquor Man Proposing
Mothod of Collecting Claims
Against State Disponsary.
Columbia Uncord, I (Mb.
Another sensation has broken loose
in connection with (lit', dispensary.
Mr. W. I). Hoy, president of the Ho'iroy
Distilling company, of Louisville,
which is a creditor of the dispensary
in the sum of .$10,000 or more
addressed to other creditors, about
the middle of December, a letter in
which he offered to take charge of
the eolleclion ol' claims of this character,
savimr. in explanation, (hat ultimate
sdtlemeiil would be hastened 1
bv a cone,-lit ration of (he claim, lie 1
enclosed with his letter a blank 1
agreement, to be signed by the ad- 1
dressee, makin- Hoy and the Nation- 1
al loan and Kxchanyc Dank, of this 1
city, attorneys I'or the daimanl. for 1
the purposes ol' colled ion, and al- ' 1
lowing Hoy and the bank named al'
commission ol' six per cent, on all
moneys collected by tlieni from the
dispensary. In his letter Mr. Hov
mentioned Mr. W. D. Melton, of the (
Columbia bar. as beinir associated
with him, and also intimated that he
bad behind him Uio prestige and inPluenco
oT other prominent Columbians
newspaper men and bank of- v
fioials. a
Copies of this letter eamo into the
possession of Mr. W. 1<\ Stevenson, '
attorney lor tire state dispensarv 1
commission. and he pronipllv commuuicaled
wilh the commission. '
n hicli I hereupon decided to invesli- ,l
.irate. !lavin-r b\ len'islat i ve author- ^
i'.v the powers of a court, the coin- v
mission summoned all hands before 1
il ami y.'slerday afternoon | .| "
o dock commenced an imposition | '
which is still in progress. '
I>\ Air. Hoy s own admission and '
toe testimony ol others, il was sIiowm ! !
al the outset, thai the proposition of '
Mr. Hoy Io the creditors was made *
without I lie knowledge or eonsen! of i '
the National Loan and M\idianir.?
Hank. Mr. Hoy explained that tlrerc '
was nothing wrmiir in I'.iis, as lie !
named the ha.i'k only in order tha.'
he ini.irht use il for a depository in
which lo place the funds as' lie J
miirht be able to collect them from
tlie dispensary. '
Mi", Hoy also exonerated Mr. Meltoll,
sayimv I here had never been anvthiniy
improper in liis association wilh '
the distilling' inli rests, and thai i".i i
fact a radical difference on a technical
mailer wilh one of the dispensary
creditors had cans: d Mr. Mel-I 1
ton lo withdraw from the case entire- I '
ly some Iinre avro. j f
il developed that Ihe newspaper I
man whose name wa> involved was ^
' 'ol. Auirusl Kohn, of tin4 Nows and |
t onrier, who i-; also a director of the
Loan and Kxehamre Hank. It was j
shown thai Mr. Kohu's connection
with the matter consisted only in recommending
his friend, Mr. Melton, ,
to Mr. Hoy as an able attornev, and
in asking Mr. Hoy to make the National
Loan and Kxchange Dank his !
depository.
Mr. Hoy's letter contained an intimation
that there -was an alternative '
.method ot collection. To the commission
he explained that this refer- '
red lo a scheme devised by Mr. T
"Moultrie Mordecai, ?>I* the ('harlesto:i
bar. who had some plan for net-j
1 imr the money through Mr. Stevensou,
the commission's attornev.
Mr. Stevenson brands as a lie out
of the whole cloth any intimation j
from anybody that he is associated
with Air. Alordeeai in any matter?
and so far Mr. Hoy h as not brought
forward any evidence lo prove such
associations on Mr. Stevenson's part. [
The dispensary commission's activity
in Ihe matter is due lo an in-j
terence. that il is -.aid can be drawn 1
from Mr. Hoy's letter, to the elVeet
I ha I l'ir commission has bee < unduly
regard fit! < !' the welfare of . erlain '
bank^. at Ihe cxi>< use of (he dUpen- I
sary's creditor-, ami ilia; il could be j
iuduecd by improper influence to pay J
claims .'mains! Ilu* institution on the i
part of liquor houses. It happens ,
that Dr. \\ . .1. Al array, Ihe chairman I
of the commission, is a director of
the Loan and Kxehamre Rank and
that several other in cm hers of the
commission are bankers also.
Columbia, dan. Ki.?AIr. T. Afoultrie
Mordecai of Charleston, and Mr.
W. F. Stevenson, of Cheraw, appeared
before the dispensary commission
this afternoon of their own accord
and made statements. Mr. Alordeeai
read Ihe report of yesterday's proceedings
in the News ami Courier,
fifteen ." inutcs after t'.e ' ru:i for
Columbia had left CahrTeston at 7
o 'clock.
. -. 1
lie at once scei ng his. name was
mentioned in an unpleasant manner,
chartered a special train to get him
*,o Columbia, and wired that commission
hnd the attorney general that he
was t u the way, with nini ne had Mr.
Frank K. Moyors, tlio expert stenographer
who took down the statement.
of Mr. Mordecai and of Mr.
Stevenson.
Mr. Stevenson was in Cheraw, his
homo, when he learned of the testimony
of yesterday, and lie came here
o:t th<- lirst train, but owing to a
change of schedules on the Seaboard
he was tumble to get here until aftornoon.
Mr. Stevenson as soon as he secured
the opportunity stated to the commission
his anxiety to get a hearing
ami to have the oth'ers interested to
make their statements and Mr. Morilccai
exhibited e<|iial eagerness. Mr.
Stevenson spoke lirst and Mr. Morileca?
following. Mr. Koy was pres['iiI
as he had been all day. Hut he
li;i<l nothing to say. Mr. Lester ha 1
eft in I he niorninu. alter the com-i
ni-vion refused to pay his claim. )
5olh oentlemon explained their posi-!
ion-' fn11 \ denying that there i
iva^ ever any agreement between
hem, <<r any impro|ieia proposals.
? i
PLOT TO DESTROY FLEET. |
Conspiracy Discovered at Rio Jane- j
rio?All Conspirators Havo
Fled to Interior.
Rio de Janeiro, Jan. 19.?-The Brailian
police hare discovered an nnrchistic
pint h:"" having n i r?: eh. '
eel jho destruei'f.e, rf p?trt of the j
Unevic'in fleet now lying hi I" i ?r-i
iof. T!u conspirt 'V, while cenlev.ng j
n Rio de Janeiro and Petropolis, lias
amifieationh in Sao Paulo and Mins
(leraes. An individual named Joan |
Ydhor. who resides in Petropolis. |
ka< the chief conspirator here, al- S
lioii'.rlt i! is understood that foreign i
narehisls are dee/m invidved in the !
do . Fedher i< lveli.^ve 1 ! ? have fled j
o S;io Paulo. and the police who i
;now bim have been sent lo thai
dace for the purpose of apprehend- I
ng him. One of the detectives. who;
ia> well ac(|iiainled v illi Fedhor. j
living served on the police force at i
Vlropolis for some lime, returno! j
roin that place today, after ia\?ngj
nade investigations them and had a
org conference with the chi^f of poice
at Kio de Janeiro. The latter
el it be understood later thai the
Ian Paulo police are on '.lie track of
he arch conspirator and "expect to j
nvest him soon.
In an official note wlii"': the chief
d police sent to the correspon ieid: of
he Associated Press he sny'h:
"Some time before the. arrival of
lie American fleet at Kio de Janeiro.!
.lie Brazilian governnienl received
'rom Washington and Paris advices
hat anarchists of different nationalties
intended lo damage one or several
of the ships of the American j
fleet. The names and addresses of I
lie conspirators were indicated hv
n forma I ion which the police here
lad received previously from France
?nd (Jermany. The police of this disrict
are working with the |>oliec of
-?ao Paulo and Minas Ciernes and 1
im sure every precaution will bo ex rcised
and the most rigorous vigi- ,
lance observed both on land and at. |
<oa to prevent any injury being j
lone."
The chief of police, after having
made this official statement said .that
*
lie ii I not feel i ' -hould go 111, > > v
coiispira<'\, Suit he authorized tli
nal.aicut that Ih. plot wits organized
h\ Fedher and he added that the
people of the I'nited States could
rest easy, as all of the conspirators
had taken refuge in the interior.
The people of Brazil are ignorant
of the details of the plot to do injury
to tlie visiting vessels, although there
has been some slight inkling of the
mailer. The inipresion which the
exposure of this plot will make will
be profound, because it is the first
anarchistic conspiracy that has ever
been known i.i Brazil.
The police of Sao I'aulo have sent
word that the; are on the track of
the malefactors, who. they declare,
will not be able to conic to Kio de
.Taneiro.
NOTICE OF FINAL SETTLEMENT
We will make final settlement on
the estate of Mrs. Kli/.abeth Cameron.
deceased, in the probate court for
Xowherry county on Friday, the seventeenth
day of January, 1908, at
11 o'clock in the forenoon, and immediately
thereafter apply t.o the
said court for letters dismissory. All
persons indebted to said estate will
make payment on or before said date
and ail persons having claims against
said estate will present them duly
attested.
H. W. Cameron,
T. L. Cameron,
Executors.
THE MUTUAL B
THE MUTUAL I
I become non-forfeitable after 01
thereon is less than ten dollars
AH Such Policies, therefore
1. Loan values (at any time
2. Cash Values.
3. Paid Up Insurance that 1"
A. Extended Insurance that
thereon.
All Such Policies (without e
5. For Reinstatement at an;
pany, and payment of arrears >
6 For Annual Dividends, b<
Which may be used (a) to rt
the policy into an endowment
gradually diminishing age. or (c
be (e) withdrawn in cash.
7. For change of Beneficia
y within one month of default in ]
/; 8. That they shall be Incont
8 9. For Dividend Earning An
j j No restrictions in policies at
I, The privileges of the new pc
H policies.
j Some Comments
i.j Means What It Says.
.' I'ROHAIHA' no event has occurucd
j ihiring this year that has excited greater
I interest among iile insurance companies
j and field men than 'lie announcement of
! the new departure of the Mutual Benefit
j ICven among the competitors, unstinted
j praise is given tlu Mutual He lie fit Life
for its extreme liberality A life iit.sur1
ranee statistician writes that it is "the
greatest innovation of recent years." The
| ollicer of a company?and an actuary?
: says that too niucii is given Another
''] says that it is a great step in advance if
| j the company intends the policy to applv
i as we construed it in our issue of last
j week. One of the best informed general
jl agents in the Metropolitan field tele9
phoned our office for additional infortna|
lion and before ringing off said that the
i Mutual Renefit had truly "set the pace "
' ^ ?The Hastern Underwriter Dec. 5. 1907
ft The Mutual Benefit's Super-Standard
li Policy.
f (I'rowth of business has never been a
| i prime object with the Mutual Benefit,
H yet we shall be much surprised if rapid
1 growth does not result from puttingsuch
! a policy on the market as that recently
f j gotten up and published by the company.
[ It marks a great advance in the liberalii
] zation of policy contracts, and the fact
j'j that the company with its well-known
[ cautions and circumspect v.-iys, should
j . h?iye felt itself enabled to take this long
\'\ stride is a gratifying fact to all who are
[ 1 co'ieerned in the history of life insurance
j development. It is indeed a crushing
I The Mutual I
II Is the Lea
11 It has Paid Poli
I B. L. JONES an
II Office over Commercial Bar
The early buyer gets 1
Our stock is being rep
daily by the arrivals of
seasonable goods.
LACE S?V a I en c i e n n es c
i Irish.
Cotton Suitings in r
fancy designs and color:
Ginghams, best grade i
colors.
Percales, Lawns, Liner
Buy wisely, therefore I
obbhc. ..v->,
ENEFIT'S SUPEK-8
THE NEW POLICIES
OF
BEFEFIT LIFE INSURA
ily One Annual premium has b<
> per $ 1 ,U00 of insurance.
, after only one year provide:
o.
las Cash Values equal to the resei
works automatically and has
:xception) provide:
/ time, upon evidence of insurabil
vith interest.
ginning with the second policy y<
?duce premiums, or (b) increase t
payable during the ife time of I
1) convert the policy into a paid u|
ry at any time, and from time to i
oremium payment.
estable after One Year.
nuitles, or Instalments, if desired,
3 to Residence, Travel or Occupa
)licies will, in so far as possible, b
> on the Mutual Benei
I .
commentary upon governmental plans of i
standardizing policies and stereotyping 1
their conditions and upon government I
restrictions generally, that a private com- I
pany, having no motive other than the
desire In merit and to win public patron- |
age, should put forward voluntarily a i
form of contract which in liberality of 1 I
terms laves the legal standard policies!]
tar behind. 1 et us, however, be thank- <
lul that companies still have permission <
j to go one better than the standard poll- ' 1
I cies if they see fit. * * * ]
The above points which do not exhaust, 1
the beneficial features of the new policy, I ]
are to be made retroactive so far as is t
j practicable. They are evidence of a de- <
termination on the part of the manage- 1
H i nt of the Mutual Benefit to excel its J
old tranditions a.s a conservative reform-' j
i ing company. It may )>< recalletl in
passing that it was this company which ]
so far back as 1S79 introduced the 11011- I
I forfeiture principle into its policies, <
!:i principle subsequently adopted In- life <
i companies generally. Thus it not* only ]
i ; improves its own policies, but it was the i
cause of other companies improving ]
, theirs.?Ijfe Insurance Independent, No- 1
vember, 1007. 1
Mutual Benefit's Big Sensation.
A liberal and cheerful giver has The
Mutual Benefit Kifc Insurance Company '
e\ei been, and never was a more gene- '
rous gift bestowed upon a body of policy- J
holders, present or prospective, than that. ]
which on January 1 next, this great
mutual company will tender its policy- 1
holders. The company has decided to I
mam ?
Benefit Life In
ding Annua! Dividend C
cy Holders since Organiz
OVER $250,000,000
> MISS JOE L J
Newoerry, S. C.
ik.
I Our frier
TEI
T enney'i
late A!it
n uis, Ch
Choeolal
I lows, Zel
For'?ar
Candy, c
buy now. j
TANDARD POLICY
NCE COMPANY |
sen paid, unless the reserve 1
r?e thereon. |
h Values equal to the reserve |
ity satisfactory to the com- | ^
he insurance or (c) convert ;i
the insured at a specified and u
d participating policy, or may []
me, while policy is in force, or [ j
at maturity of policy. j
lion. 1 (
e extended to all outstanding
fit's New Policy. N
issue new policy forms which are to con- !
Lain provisions exceeding in liberality j
those of the old policies which were ; 1
themselves models of generous dealing. f j
Hut here comes a most remarkable de- I
partnre from custom. It has not been f !
uncommon lo a lite insurance company f, j
Lo make exceptional concessions to new j
policyholders, concessions which were . j
withheld from the old policyholders, a '*\
although the latter were too often taxed
Lo pay the fiddler The Mutual Henefit,
liowevcr, has decided that the old policy- '
liolders have c-cjiial claim with the new |
policyholders upon its generosity, and ;
very new privilege or benefi' it has in- j
'orporated in the new policy forms has
>een granted to the holders of policies I
dreadv issued. This is mutuality of the I
genuine type * * * * j
'1 hat there has been nothing to com- j
pare with this action of the Mutual Bene- 1
lit, in recent insurance history, admits j
af no denial. Were the company other- }
ivisc than the strong and popular com- .]
pany that it is, it might be charged with f
indiscretion, but the Mutual Henefit H
performs even belter than it promises, [ I
imj liberal as are the offerings now made 1
o its policyholders, the Mutual Henefit M
nanagement knows that the company f j
'an make good or it would not have en- j |
ered upon its present course. It is j ''
icither the custom nor the need of the (
Mutual Henefit to play to the galleries. j
t wins applause by solid merit and lion- ' j
rst methods.?The Insurance Observer, [
Dec. 2, 1907. I j
isurance Co. j ,
'Ompnny. ji
:ation in 1 845, J
'ONES, Agents, I
?????MM?iw?? iimtiwan?a??? ??
WANTED!
ids to know that we have added
:> our stock a nice line of
MNEY'S CANDY. i
s Cream Cake Chocolate, Chocolonds.
Kern Nuts, Salted Peac
col ate Cream Drops, Assorted 1
e, Peanut Brittle. Marshmel-tes,
also Mackintosh Toffee, &c
line of 5c. and 10c. Box Candy! I
iything in Stationery Cigars, i
0 ' I '
CALL ON j :
AT TIlI^' I ^
aid and News Office. J ^