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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 03, 1909
Page
12
New York Life Insurance Company will discharge 1000 of its agents on May 31 due to an insurance law limit on new business. The order affects part time agents nationwide and follows a Supreme Court ruling upholding the law's constitutionality.
Justice O Gorman rules that the firm cannot issue a $25,000 policy because the annual new business limit is $150,000,000 and has been reached. The decision bars any further new business for the year and prevents exceeding the cap.
Mrs. Mary Stone of Pelham the 70 year old widow of two Union soldiers will petition Congress within a week. C W Rowley will ask for special legislation to grant her a pension. She was acquitted of defrauding the government after being accused of obtaining a pension post the death of her second husband while her first marriage's divorce was obtained late enough to invalidate the later marriage.
The Bangor Board of Trade and city government plan a reception for the Boston Merchants Association during its May 6 visit. Around 100 to 200 Hub merchants will tour Maine towns including Biddeford Portland Bath Brunswick Lewiston Augusta Waterville Belfast and Bangor.
The article notes that the President must take affirmative action after a thorough inquiry to extend the minimum American tariff rate under the new schedules. During probation, if the President finds nations discriminate against the United States, he will withhold a proclamation for those countries and apply the maximum rate.
The Supreme Court ruling on the McKinley tariff underlines that Congress sets absolute rates while administration carries out details. Taft met with Senator Aldrich and Secretary McVeagh to review the Senate finance committee plan, aiming for minimal delays in moving the tariff bill. The plan features a 20 percent gap between minimum and maximum rates, with a nine to twelve month protective minimum rate.
A brief note extols Salada tea as the most delicious, praised for its consistently high and uniform quality across batches.
The executive foresees a universal application of maximum rates after a set period unless all countries grant the United States their most favored nation treatment. This policy aims to standardize duties across nations without discrimination.
Washington April 2 The Republican leaders decide to move the Payne bill on its passage April 7. Alabama's Mr Clayton attacks a Rhode Island senator and the party’s secrecy while Democrats vow to unite against the tariff bill. He predicts the Payne bill is dead despite expected House passage.
Havana April 2. A court martial found Sergeant Cortes and his son Vicente guilty of military rebellion and Corporal Ricard of conspiracy in the Vueltas uprising. The penalty named was death for the two Corteses. General Monteagudo approved the findings but remissions may follow due to unconsidered extenuating circumstances.
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