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Newspaper
Newton Record
Location
Newton, Iowa, United States of America
Date
Aug 06, 1897
Page
8
The Union Life Insurance Company of Omaha, incorporated under Nebraska in 1884 and starting business in 1885, reports 1896 gains in income assets and insurance. Net assets rose by 863,014.31 to 2,831,000 plus. Policy holder surplus stands at 126,401.8.
The Nebraska Insurance Department reports the company in excellent condition with 23 percent more in force, 28 percent higher total receipts, and 20 percent more net assets. Interest income exceeds death claims, with only 3 percent expense ratio on new business. Mortality is below expected rates, supporting conservative management and profits for policyholders through cash values and paid up extensions. See E. M. Giles for policy details and dates.
The Cuban government authorized silver souvenir coins, 990 fine and weighing 348 grains, will go on sale next Tuesday in this city. Ten thousand coins prepared with a $3,000,000 minting plan and orders exceeding $20,000 show strong demand as collectors seek them for funds and memorabilia. The obverse features Liberty, with Patria y Liberty and Souvenir while the reverse bears the Cuban seal and six stars. The design credits Jose de Zayas and Italian designer Philip Martigny. Leonora Molina models the Liberty head. Coins sold at $1, proceeds fund the Cuban war effort. redemption possible once independence is secured.
A column condemns excessive sachet powders at public events, noting odors from hats and wraps overwhelm interiors. It cites a New York Post report and Paris tales of fragrance intolerance, urging restraint and safer social norms amid heated theater crowds.
Dr Guelph Norman, an Indian physician, travels to New York to attempt restoring Charles Boatway Rouss's sight. Rouss, a New York merchant, has offered one million dollars to anyone who can restore his vision. Norman, though English, is said to hold all the secrets of the trdia mogievans.
In Newark area cities a steady ring of men carry gold bricks from refineries in lead bullion from the west. Each man drags a leather satchel concealing a steel chain wrapped mass worth thousands, proving the danger and secrecy behind daily shipments.
Alonzo Colby saved Mis Enemy's Sam Pierce from drowning on a foot bridge near Cohecton New York. The pair had not spoken since a cattle quarrel five years earlier when Pierce vowed never to talk to Colby again. Pierce fell into the stream, could not swim, and Colby heard his cries and rescued him before taking him home.
The United States Circuit Court at Chicago held cities and counties can be compelled to pay three fourths of losses from mob violence, even without local negligence. Suits by railroad companies against Chicago follow similar Pennsylvania rulings after the 1894 riots. Exports and gold reserve figures are reported, showing a net decrease under eight million dollars despite reserves. An elephant at a Connecticut circus saved a child from danger as it moved near the herd. A humorous exchange about borrowing a lawn mower ends with a quip about ownership.
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