The Augusta herald. (Augusta, Ga.) 1914-current, August 20, 1914, Home Edition, Page TWO, Image 2

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TWO THE EMPIRE LIFE COMP AN Y VINDICA TED ‘BUCK POPE' FATHER IK, IS HESS DEAD General of the Society of Jesus Passes Away Almost Simultaneously With Pope Pius. Fattier Francis Xnvlar Wcrnx, preneral nf thr Society of Jeaua. also died In Rome thiii rriornlgn. Father Wernx was called "the black pope," a nickname used to indicate hi* power behind the throne. The late pontiff wag generally known as # *the white pope." *" The Conclave. 4 London.—A renuiern mass for Pope Plus was held in Westminster Cathedral at half-prist elovon o'clock this morning Cardinal Bourne officiated. It has been suggested in same quart ers that the conclave for the election of a new popa may be adjourned. The reason la that under the present circum stances It •might he, distasteful for Brit ish, French and Belgian cardlnais to meet with the Austrian and German col leagues. At Westminster Cathedral however it was thought that it postponement of the conclave was most unlikely. Cardinal Bournes* secretary said: *We are first of all Catholics, rather than nationals. The presence of a pope, is now more than ever necessary. Car dinal Bourne ig starting next Saturday to attend the conclave." American Cardinals. Washington, D. C.—Cardinal Farley of New York Is understood to he In Hwits erland whence he 'will make ills way to Rome for tho meeting of the conclave. The movements of me otner American 1 cardinals, Gibbons ,nf Baltimore and crConnei of Boston, are, expected to bn dependent somewhat on the interrupted ocean transit. Lyloo-ln at ate. Rome*—lt Is believed the body of l*op* Plus will he placed in a casket this aft ernoon and that the lylng-ln-atae will he In the same throne room whom so many thousand people we~a admitted to the presence of the lntp pontiff. The celebrating of masses for the re base of the soul of Pope Plus begun in the death chatnbaf at 4 o'clock this tuornig. PLACE BLAME Ifi SUGAR ADVANCE Chicago. Roispnnstt'lllty for the re cent advance In the price of sugar was placed primarily on alleged niantpu ir.tors of the New York market tn re porte made today hy lnve.atlKH.tcra to Jamae L Hruff. chief of the bureau of Investigation of the Department of Juatlee. Chicago wholeaalera. the tnvestiga tora reported, made corrapondtng In Creases on their own account and reaped large proflta. New Italian Notes Up to $70,000,000 Parla.—ln a deapateh from Rome the correspondent of the llama agen cy aaya an laaua of new paper notes baa been authorlied by royal decree. Tha notea are to be five and ten lire <9l and 91) to the amount of 360,- 000,000 lira (170,000.000), entirely cov ered by allver tn tha treaaury. BRYAN. AT OF PRESIDENT. CABLES VATICAN Rama.—The Pope's body repoaed on a little Iron bed with damaak cover- Inca. Beside the bed waa a amall linage of the virgin. Dr. Amtct carried out the operation of embalming the tiody after tt had been taken In charge by Monatgnor Martlnucct. the chamberlain. At Preat'a Request. Washington.—At the request of President Wilson, Secretary Hryan to day sent this telegram to the \at lean: "The president desires me to ex press his sense of the great loss which the t'hrlatlan world hns sustained In the death of hla holiness. Plus X rty Ida pure and gentle character, hla un affected piety, and hie broad and thoughtful sympathy with hla fellow tren. he adorned hla exalted station and attracted to himself the affec tionate regard of all who felt hla world wide Influence." Tha president had received no offi cial word of the death of the pope hut acted on newt dispatches, WITH "CANDID IMPARTIALITY,’* Watmngten, O. C Instructions Issued 1., diploma tic and consul— officers of the United Mats* acting tor the waiving Europe.n powers, by Sr. relan lin n today admonished them to "exeivise tha extra duties w ith oundld Impartiality " of no ttffldft! fufict or. oti vour offtCM,'* J Ui« I‘titiUr), 4 TENNESSEE ORDERED TO SAIL FROM FALMOUTH Washington. Tho orulaor Tonn esseo, carrying »ol<l for rellaf of the American* In Europe, wan ordered to sail from Falmouth, England, to day for the Hook of Holland. Hoeretary Harrison, who ordered the ship held until arcHn-omontH for her rec r ' pt.lon in the v.ators of belligerent na tions were uomploted, said she probably would go to Rotterdam and re turn to Falmouth by August uSth. fT* wmfnMmi: --i r - i ~ , ,■ ■, „ . , * f. ~ -y'4 >V; i' | 1 ' : ' • ■ ; vv&s M ■ <ss| Iw ip .SKM! •• ■ *\s .I, l'rfiti. s. T’ i •y. Tw W|l e * VJV: * Jk a . r|R j ■ f'. -j/A a . T Mr * SmHrb jt F jfy* This hit of terse was a favorite of Mrs. Wilson's. The President often read It to her: This I beheld, <*r dreamed It In a dream: There spread a cloud of dust along a rttttl underneath thu -loud, or In it. rag vw THE EMPIRE BUILDING AT AUGUSTA A furious battle, and men yelled, and swords Shocked upon atvords and shields. A prince's banner Wavered, then staggered backward, hemmed By foes. A craven hung along the battle's edge And thought: "Had I a sword of keen* steel— That blu« blade that the king's son ('HE AUGUSTS HERALD, AUGUSTA, Gfc CONDITIONS IMPOSED. Wa.hlngtno, D. C.—A condition Im posed by the British government to ad mission of a Herman relief ship to Brit ish wafers was that It should fly the American flag and be manned by Ameri can officers. The purpose Is to prevent disclosure of defensive plans of British harbor* to German seamen. bear* —but this Blunt thing!"—he snapped and flung It from his hand And, lowering, crept away and left the field. Then ca ne the king's eon, wounded, sore bestead And weaponless, and saw the broken sword, Hilt buried In the dry and trodden JUDGE DECIDES IDE EMPIRE LIFE MERITS CONFIDENCE PEOPLE OF SOUTH •and. And ran and snatched It, and with battle shout Lifted afresh, he hewed the enemy down. And saved a great cause that heroic day. —Edward Howland Bill. —Miss Joeie Ferris has returned. News of Vindication of the Company Will Be Received With the Greatest Enthusiasm Here Where Empire is Popular. OFFICIALS OF COMPANY HAVE BEEN CONFIDENT OF OUTCOME ALL ALONG Anxious For Case to be Fought Out on Its Merits. Empire Headquarters Coming Soon. Atlanta. Ga., (1 p. m., Tursday.)— Judge Ellis, in the Fulton county supe rior court, today denied the petition for receiver for The Empire Life Insurance Company which was filed some time ago by Carroll Lattimer, attorney for Former Judge Brown, of the Cherokee circuit. The officers, directors, stockholders and policyholders of the company throughout the South have been confi dent all along that Judge Ellis would deny the petition as they have contend ed that The Empire was not only solv ent but has a large gross surplus. The action In bringing the petition for a re ceiver has been denounced by those con nected with the company. The Empire has been stacked unjust ly for the past several months and the officers of the company were anxious for the case to be fought out on Its merits so that the public might see by a court decision that the company is entirely solvent and merits the confidence of the public which It has long enjoyed. H. C. Lorlck & Co., general agents for On Every Point Judge Ellis Ruled With Empire Life Had Georgia Law Recently Passed by Legislature Been in Effect When Action Was First Taken Judge Brown Would Undoubtedly Have Been Liable for Heavy Damages. Judge Ellis decided in favor of The Empire Life on every point at issue. The battle was fought hard and Carroll Lattimer, attorney for Judge Brown, associated with him some of the ablest atorneys in Atlanta. Gumming and Hull, of Augusta, with Atlanta attorneys represented the Empire. The case was postponed once and the next time it was called Judge Ellis refused the request of the attorneys for Judge Brown to postpone it further. The recent passage of a law by the legislature forc ing persons who desire to place life insurance companies into the hands of receivers to furnish bond in the sum of SIO,OOO is expected to break up this praotice in the future. Judge Brown would be liable for heavy damages if the Georgia laws had been adequate at the time the petition was filed. Here Is Statement Which Empire Stands on and Which Shows Beyond Question That It ts Solvent Tho follwing is the statement which The Empire Life Insurance stands on and which shows Its solvency beyond question: The Empire Life Insurance Company, Atlanta. Georgia. Condensed Statement as Shown by Report of December 31st, 1913, filed with the In surance Department. toooooo Gross Asaots •. $2,021,978.18 Gross Surplus .. 566,484.27 ASSETS. Bonds and stocks (including the company’s home office build ing) 686,412.17 Cash in office and banks 68,243.93 Cash in banks on Interest 170,475.44 Policy loans and liena 641,118.16 Mortgage loans 14,588.50 Collateral loans 20,644.51 Renewal premium notes 39,794.51 Purchase money notes, first mortgage on real estate 10,425.12 Real estate 100,289.73 Bills receivable (Including stock ivitee) 159,333.10 Agents’ balances (less credits 9827.76).. ~ 81,190.87 Accounts receivable 17,188.23 Furniture and fixtures.. 14,279.33 Deferred and uncollected premiums net 37,543.93 Accrued Interest ... 10,450.43 Gross assets 92,021,978.13 NON.ADMITTED ASSETS. Furniture and fixtures 9 14,279.38 Agents' balances 29.885.05 Aocourts receivable 17,189.23 Bills receivable (Including stock notes) 169,338.10 Premium notes and loans on policies in excess of reserve 18,154.61 Collateral loans 3,978.81 Cash In defunct banks 1,883.13 Book value ledger assets over market value 7,637.60 252,339.72 Admitted assets 91.769,*88.46 LIABILITIES. Net value of policies in force 91,268,496.41 Less value of policies reinsured 16,101.86 91,243,394.56 Present value of Installment claims 71,496.57 Death claims In process of adjustment 13,989 00 Death claims accrued no proofs received 4,500.00 Rick and accident claims In process of adjustment 476.84 Premiums paid In advance .. 1,183.43 Interest paid In advance 8.403.94 Taxes accrued 12,847.78 Dividends on deferred and uncollected premiums 4,335.26 Dividends left to accumulate 2,368.04 Survivorship bonus fund 90.50 Special contract dividends .. ... ... ... 15,764.55 Reinsurance premiums accrued ■ 3,729.63 Accounts payable 47.514.91 Commission on stock sales 25,401.00 Capital stock paid In cash 9248.671.08 Capital stock represented In notes.... 40,678.92 Surplus to stockholders 184,226.66 9478,476 66 Stock notes not admitted 168.333.10 Net admitted surplus 8 314,143.59 91,789,638.49 THURSDAY. AUGUST 20. The Empire at Augusta, have always been confident of the outcome. The Empire Life Insurance Company has done a great deal for Augusta. For one thing. It started the biggest real es tate boom in the history of the city when it purchased a site for the erection of its magnificent 17-story office building which now adorns the 700 block of Broad street. The removal of the headquart ers of the company to Augusta is ex pected to occur within the near future and, undoubtedly, work will soon be re sumed on the building. Chairman A. H. Merry,' of the execu tive committee of The Empire, Is out of the city and no statement could be se cured from him today. The news of the decision will be re ceived with the greatest enthusiasm in Augusta. The Empire Is an Augusta Institution and the people of this cltv are proud of It and have not hesitated to condemn the attacks made upon It. It is not believed that the case will be appealed, but if it is the decision of Judge Ellis will no doubt be sustained.