The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

SUN LIFE ASSUllll-N Oil 00.," u CANADA RESULTS OF THE INVESTIGATION The govere Probing but Revealed Greater Strengthâ€" $3,000,000 Better Off’l‘han it Claimed to Bev- Iuvestments Absoluter Secure and Higth Profitable â€"- Mr. Kent’s Remarks. Now that the chaff of trifling details ‘ras blown away. the management. «I the Sun Life Assurance Co. of Canada desire to draw attention to the really important facts which the investiga- tion by the Royal Couunhsmn has brought out. LARGE PROFITS ON INVESTA‘IICN'I‘S. The most. striking feature of the Ni- xvi-“nut was unquestionably the im- ‘incnsely profitable character of the investments. Dining the past few years the Company has realiml a net. profit after deducting all losses. “Ol only of principal. but of interest. and after liberally writing down any se- curities at all doubtful, of over $1.00”.- -000 in hard cash. In addition. the pres~ enf. market value of the securities still owned. is about. $1,050,000 in excess of their ledger value. Still further. the Company has a contingent fund. con- .sisting chiefly of stocks obtained in years gone by as bonuses in connection with bond purchases. which, though held in the Company‘s books at a nominal value of SI for each block. haw an approxi- mate value of $3.050.000. and that value 1.: increasing steadily. olicy is to hold these securities as a ontingent fund, and to only include at in the published list as each bleak b comes interest hearing, or is sold. In th_ meantime policyholders have the adv‘antage of the immense additional .secu ‘ty thus provided. and may also reaso ably expect to have their profits much increased from this source in years to come. SAFETY THE FIRST CONSIDERATION. Although the Company has thus made enormous profits. these profits have not beep made from speculative securities. 'lhe Company carefully avoids such. The profits are the result of a poiicyl of not waiting for investments to come to the Company, but of deliberately lookâ€" ing around and selecting those that are safest and best. and then making use of the company's 'ability to purchase large blocks (its assets are now $24,000.- 090) to obtain inside terms, thus cutting out the middle men. Absolute safety is always the first consideration. and pro- fit is essentially secondary. Actual llâ€" lustrations are, however. more convinc- ing than general statements. and as some attention was given to our invest- ments in the Illinois Traction Company. these may be taken as examples. ILLINOIS TRACTION COMPANY. The first investment of the Company in Illinois Traction securities was the purchase of twoâ€"thirds of the bonds of the Danville. Urbano & Champaign Railway. These were secured by first mortgage on a new intcrurban line connecting Danville with the twin cities of Cram and Champaign. and by a further lien on the public utilitics of the three cities. comprising the street rail- ways, electric light and gas plants of each. Were these bonds absolutely safe? The audited net earnings for the previ- ous year of the properties by which they were secured. after deducting cvcry charge of every kind that would rank ahead of the interest. on the new bonds, was $136.70). The total inltrcst charge of the new bonds, includingr amount re quired to complete the interurban. was 356.030. The existing net earnings were therefore already more than two and n ' half times the interest charge upon the new bonds. This was without any ad- dition from natural increase. or from the. new line. ,The replacement value 0‘ the property was moreover estimat- ed at $1.500.000 in excess of all bonds. \Vas there any r‘sk in making such a purchase? Although no increase in carn- ings was needed to make the bonds abundantly safe. the new intcrurban line has in reality proved highly pro- fitable. and the earnings of the city properties have also steadily increased. so that the surpluS, which was two and a half times the interest. charge when the bonds were purchased. is now about $370,0t10. or seven times the illh-l‘t‘SI charge. The bonds were shortly after- ward: sold at an advance in price. without any stock bonus. to an Ameri- can banking firm. who in turn retailiul them at a still higher price to the pub- ‘lic. among the purchasers being two of the largest and best Amrrican Insurance Companies. which each took a Home of 3100.000. The security for these bonds: is alsolule. Better cannot be obtainnl. Did the fact that. the Run Company . mad‘ a bargain by which it obtained some bonus stock. which would ordin- arily have gone to other parties. in any way lessen that security? DECATUR RAILWAY & LIGHT COAI- P.\.\:Y. The second purchase of Wino-is 'I‘rac' tirn securities Corsislcd of We loads «1' the Decatur Railway & I tiompnnv. which carried a mor‘ up..n the; street railway. electric uni g- propcrlim of the city of flat-utm'. The audith piopcr‘ics wi'hout norni'il inu'tase or property. were. our addition fi-r new COVL 1‘ any earnings on Stiltlm. In an inter st charge of Rilxlftwo an the new- bonds. or more than $2 for each 31 Ii" fillll'.‘:I. In addition. there was the guar- 'l‘lie Company s - :tvailallc net t‘aruhus cf tin-<01 lhcr guarantee equal to the entire in- terest charge, making. with the Decatur earnings. six timcs the entire interest charge on the new bonds. \A’hcrc can safer or better bonds be obtained? Was there anything speculative about. them? 'l‘hesc. too. have since all been sold at an advance. in price. the Sun t‘cmpany retauiiug the stock bonus. ILLINOIS CENTRAL TRACTION (ZONI- I’ANY. This was the third purchase. These bonds were secured by first i'norlgagc upon a new intcrurban line between Decatur and Springfield. the capital. of the slate. Connecting two such mixes. the success of the line was assured from the start. The bonds were. however. also guaranteed by the Illinois Traction Co.. which then had a surplus of slog,â€" (no. available from its other properties for the payment. of this interest. As the rnttrc interest charge upon the new road when finished would be only $65.- 030. the interest was already assured two and a half times over. even if the new line earned nothing. It. did, bow- icvcr. turn its own entire, interest charges in the first eight months of its first year of complete operotum. so that. instead of having to call upon the guarantee of the parent company, it earned a surplus oi fifty per cent. These bonds. too. were all purchased shortly afterwards by a firm of bankersal an advance in prior. without. any stock bonus. I Further illustrations could be given, but these cases, which were specially investigated. are enough to show the vcry high quality of the bonds in which the Sun Life. has invested. The value of the guarantee of the Illinois Traction Co. to any bond may be judged from the fact that its an- mial gross. revenue now execeds $7.000.- thO. and that it. has a surplus of $700,- 000 above the total interest charges up- on all the bonds of the system. After ‘paying six per cent. dividends upon fis ypreferred stock. it is coming about. nine 'pcr cent. upon its common stock. that nine per ot‘nl.. however. not being paid 'li‘ cash, but being used for extensions and u‘her capital expenditure. which increase thc‘valuc 0f the property. There are over seven hundred shareholders, and the market. value of the preferred and common stocks is about 37.000.000. While the first issue of this preferred stock had some water in if. large amounts have since been issued at 87% and 0:3 for cash, so that about $1,000.- (ltét) of actual hard cash has been paid l'n upon the preferred stock. and about $1.2tlu,t;00 more of value has been put into i! in the form of surplus earnings used for extensions. The stock, there- fore. has a very solid cash basis. The franchises are long and favorable, and are perpetual for more than two-thirds of the mileage. Th“ (I'iestion was asked Ii‘.\\' long it would take to dispose of the Illinois Travt‘on securities. tire holding could easily be disposed of at a handsome profit within two days. Any p- rson. however. who observes the phenomenal growth of the earnings must realize that. the common stock at Last will not attain its full value for years. and to sell now would merely to to diwrl into the pockets of brokers im- nicnsc amounts which would otherwise go to the policyholders. BENEFIT TO POLICYIIOLDERS. The lirge profits have enabled the Company to forcstall the requirements of the law and at once place the re- :scrvc< upon all its policies upon a per cent. basis, a step calling for about Sl.2tkl,tl:ltl. liven by this severe slantiâ€" .urd it had at 319? December last a sur- plus ovcr all liabilities and Ctlltlitll stock of 31.735.698.50. This sum has since [been largely increased. This does not linclude the contingent fund of over lulu-Hut). The tlompany has also icuubled to increase the. rate of profit paid to policyholders year- after your, {and it expects to still further int-least.- if. \\'I‘tl'l‘lNG DOWN SECU llTIES. The (Zumpzrny has been criticized for gwriiing down its St‘CUI‘IIIi‘S before losses 'autualty happened. simply because it [floral that Ins; might perhaps arise. fine management claim, however, that ‘this is the only proper Course. and that iany Olll'l‘ would be highly objection- lablc. If the manager of a bank or loan rampain were to refrain from writingr in \\'n sci-z ities. merely because I had not yel actually materialized. he ‘wmhl 1,.) gttntlrmnvtl as issuing mislenl- iing >I?.It‘llii'ili\'. I-Mg.“ Hut they tics rve crtdil instead .if Item-4v...) he the course they to k. As' regards the :o-cullctl writing up. the Ami.- m-o ntP'I'tlA' that when some large Illll'kS til Il EIIUI~ 'I'I‘M'll‘lll lll‘i"It’l‘I'i‘-I ilIltI up, .- stifllll ins were sulln’mutiy 1 I i... immigrrm from the contingent :ie. W11”; 10 the il"li\"‘ i:.\I. the l!.£ll r; out "not to five the rplcs’ian who" ‘r t.. tn- m-n “1120 of “10.50 510348 >ll"ilit.l lie :lzl- in.“ i.) the surplus. t’if‘ whetlur they ~‘i.(i::'..l le izs-ftl ill _ri“"l It) v.'r".- in” nth-“r .‘ itits not quite so g-t. i. it was .“‘il~‘.l to substitute this» Aw ... chides in part for oll ‘. that sune an cc of ilze Illinois Traction (3v. whow ‘ whit! n .l bid. were not entirely 5.111;. surplus earnings rum otii‘r properties l:"‘lory. find this not turn done, the already am uzsted to $130,010.!) or a fur- nominfl surplus of the Company woull : pl‘ccizited. The company's en-r llt'l‘fl . 10550.; there is nothing to be ti‘sll’tti as far HSI The imu'rrgwicnl cont mouth 1‘ utumg nicnt r; pe ‘ + «3" a ‘ ++++++++++++++++++++++ a careless laugh. as they strolled home- ward, “perhaps you ought to know that you have been playing the flood Samari- fan to Paul‘s most deadly fee. You may have heard of some of the. misdoings of Davis. No? Then you will before limit" “I thought I knew the man," Anncslcy replied. “\\"hat I not the son of old Docâ€" tor Davis. he looks too old? Why docs Paul dislike him? Ilee seems a good fellow." “That old look is the head and front of his offending. CHAPTER \'I.â€"4Conlmucdl. “Well, Anncslcy." Gervasc said. with , He gets all Paul's patients by it. It is hard upon Annesâ€" Iley. who has twice his brains and edu- cation. IIe studied at Paris. as you know, after walking the London hOSpl' tals, while Davis scrambled through his course as best he could. and took a second-rate Scotch degree. Yet Davis succeeds; he so thoroughly looks the family doctor. and was an aged man in his teens. Paul is rich in legends 0f the atrocities committed by Davis through ignorance and stupidity." Anncslcy replied that f‘aul's youthful have been increased by about $300,000. In the opinion of the management this course was conservative and proper. Incidentally, most of the seciiritics then written down have since so im- proved that comparatively little loss is now expected. The actual losses incur- red by the Company have in fact been very trifling when compared with the profits, thus affording a further testi- mony to the high quality of the securi- I105. DIRECTORS [IAVE NO'l‘ l’llOl-‘ITED. No director has ever obtained any financial profit. or advantage of anv kind out of the Company. by means (IT sales. loans, or any such arrangement of any kind whatever. directly or d rsctly. The charter prohibits directors and officers from borrowing from the Company. and this has been literally lived up to. Directors have been perâ€" mitted to purchase securities for themâ€" selves on precisely the same terms as Ithey were purchasing them for the (Eompany. but that did not injure the policyholders. and. it is even desirable that directors should show their faith in the invrslnnsn's into which they put the Company's money by taking some 0‘ the same for themselves. When this has been done. however, they have paid for such investments absolutely with their own money, and the company has not assisted them in financing in any way. ESTIMATES AND RESULTS. Over 700 deferred profit policies have matured. and in thirty-four per cent. if the cases the mnount originally esti- mated as likely to be received at the end of the term. has been realized or 2x- cerded. (in all the cases combined the average amount paid has been about ninety-seven per cent. of the estimate. The management nriy he pardoned ior being proud of their record. The esti- mates now in use are lower ban the former ones. and premiums are higher so that present estimates should certain- ‘._r be realized. Statements were filed showing that $108 is on hand for every slut) requir- d to pay the amounts called hr by the DI'iSt‘tll tstiinatcs for every deferred profit policy on the books. S'i‘Ot 'lv'l lOl.Dl-‘.RS. Tho directors have reduced the proâ€" pn-lion of ['Il‘OIlIs' accruing to share- hopicyg [mm it) per cent. which was the original ratio, and is still usual with It itish (iiniipanies, to only 5 per crnt. “VI...” “:0 tapital was increased in 1897. (p.- n:‘\\’ s‘ot'k was issued at 300 per cent. of the paid-up value, and the divi- dends of 15 per Ct‘lll.. which have since fly-0;, paid. therefore yield the stock- 17. 13.1..”- min 5 per cent. upon the amount paid into the (Iompany. As the manor omnpd more than :3 per cent. this new cnpital has cost the policyholders no- thing. , y-LZOAIXIHSIONICR KENT'S 'I‘ION. The manaxnxent gratefully acknow- pilgs .\lr. Kent's appreciative remarks at the. clean; sc-<>i0n. in which he statâ€" (d in connection with his suggestion that v‘itng pow» r might be given to poii-yholders that “it seems to me that m [1].} CHIHIIICI of the Sun Life bUsiness APPRECIA- im. Walnut generation is Concerned. ll' .‘oii were Illlizli:l‘lttl i would not say any- thing further about it. If. by Sound iizdginvnl. hard work and just discrim- ‘in;.11.,n you have put lhi Sun Life on the pinnacle of a siii_'ew»\fiil Company, with other attriâ€" bute). “.35.: ind rs ca?in squander it. . 'l‘lie tlii'i‘nlui‘s llu\'t‘ LIIIIIC tllcll'i t'uty n-ltly: there 2.: no unnplziint to be. .Immle (lL‘illllrl. them. t-r any h”:- of Hm” \\‘h-i out say whether the tutor.) mam rug men? will c ‘Il'lllll'.’ the ltlt‘:CIlI high. i:~.:i!1 iul‘tl if your i" izupuiiy’,” l \\'lille ti'e ilii'i‘z‘lnl‘s {lull luzinngemml- 'dg itlv I‘v‘g'l'v‘l I they (lit not 5:39 til... ion 51': n of vutlug by poli.‘_t-ll.,].i_,.5 :Hl illi‘ slzni IIJ‘CII < .\I:‘. Iv'vzit. 1‘:~\‘.‘~-f;:,.j ‘ such rt 3:: tr . echoing fr .3” am. .{I .v _< the tionnn ssiuners. are llllt'l..:t.’:\' (Alp v-r +++++++++++++++++++++++++++++++++++++++++++ Face to Face 0R. GERVASE RICKMAN’S AMBITION. : different matter. ++++¢+++++++++++++++++ +++++++++¢+++++++++++fi++++++++++++++++++++++ looks did not. seem a sufficient set-off against. skill and science; but Hickman explained that other things were against Paul. “You may have noticed." he added. “that he has an unlucky habit of speaking the truth; he has never mas- tered the truism that language is given it.) to conceal our thoughts." Edward had observed his cousin's bad habit. but did not see how it. could affect his success. “My dear Anneslcy.” returned flick- man. “have. _\'t‘l never yet observed human beings, or discovered the fatuify of the, truth-speaker? Animals have no language because they have nothing to conceal; they can communicate facls to each other without the delicate machin- cry of speech. But men. that is civilized men. only exist by means of conceal- ments; if the savage virtue of truth pre- vailed. society would revert to chaos. now. for instance, Paul is called to a man who is killing himself by drinking spirits; the patient complains of his miseries. and asks what is the matter with him. ‘tlin is the matter with you,’ rcplics Paul. ‘and if you don‘t leave off you will be a dead man before long.‘ \\‘hcreupon Paul is sent off, and Davis called in. Davis looks grave and sym- pathetic; he talks about complications and obscure symptoms, and gives the complaint a Greek name a yard lone. ‘In the meantime.’ he says. ‘alcoholic stimulants. even in the most moderate degree, may prove falal.‘ Davis has studied the use of speech, Annesley has not." “I like Paul's way best," Sibyl ob- served. “You are a young savage." replied her brother; “but you are so pretty that what you say is not of the slightest consc- quencc." “Still. I do not see why Paul should be at odds with Davis." persisted Edward. “Well! you are. a refreshing young party I" thought Gervasc. “Anneslcy is jealous!" he added aloud â€"“all the Mowbrays are. I should like you to ob serve casually, when you get home. that you met a delightful fellow named Davis. and helped pick up his frag- mcnls. You will then hear something not to the doctor's advantage." “Language is used by some people to conceal their thoughts,” commented Anneslcy. “I s’nppose. Mrs. Hickman. that you take that grain of salt with your son's statements." “Always when he indulges his cynical vein.“ she replied. laughing. “But, ser- iously. Mr. Anneslcy, the name of Davis acts on your cousinâ€"~yfi, and on Mrs. Annesley~like a red rag on a bull. and people who are intimate with the An~ neslcys don't visit the Davis set. The medical profession is a jealous. one." To which he replied he had heard suc- cessful men dispa’raged ‘in other pro- fessions. ' “laysh Squire." he added. “says that jealousy dislodged him from the read- ing-desk. llaysh as great a politician as everâ€"doesn't look a day older than he did years ago." "The old rascal wears well. Ilc says it is brain that keeps him sweet. Nobody can ‘gct upsidcs with‘ him. laysh is the only man I ever heard talk sense on politics," “\Vhy, tie'rvasc, he is a rank Tory.“ cried Sibyl. “and you are a Liberal! How can you agree with him ‘2" “Innocent child! Who said that I agreed with him? I only said he talked sense in politics. which I take care never to do. because pcoplt‘ would never listen to me if I did." “Really. Gei‘va:»..‘." said Alice. “I can not understand _\'tilll‘ politics. \‘.’ith us you always talk like a Conservative. and yet whenever you write or speak in public you express the most extreme Liberal opinions." “Party government.” replied Gcrvase, slowly. “is a useful lll"ll'liltltl. but it has its drawbacks. (me is. that it obliges men to adopt a certain formula of clap- trap and stick to it." “Just so.” said Anncsley, ri<ing to take his leave. “If you want to keep your hands clean, you must leave poli- [it's alone." “I don’t believe if." crif'tl Alice. warm- Iv. “I can not believe thit honor and honesty are not Ill‘t"t‘\~ill‘_\' in the gi'tvcrn- ment of 11 great nation. Men are $0 \vcnk before evil, so really to bow down before the mean and I-usc. If they had but the Courage to stand tip hisfnt-c Wrong and say, ‘\\'0 will not bow down I-l it. we do not believe in this god: flight is stronger than \\'roug,' whqu different world it would lie I" “It would iii-teed I" replied the young men simultaneously, but each with .tlffferent meaning, and Corvus»: explain- ed that he was not speaking of ideal ~ Jolilies but of purlv isn't-inimni~zi vt-rv l . ., . Then Iiilnaril took his way Il')l’llL‘\‘.'1'l‘iI. nnlsinf' own the sud- den fire in Alice‘s culln f: e . and deeply stirred by her words. though he seemed ‘ I.) listen to tinrviwe. wim walked part. of the. way with l.illl. l‘:=.ul Anni-shy dill not agqxg'ir until .er was served: h:- lwl l-«sen in at the ‘ ' I»? run If the sea: ‘11. and I lit [mike another jour- f.;.‘;jt'vl illiil lLlIi S‘llgtiil. l“' A; 1.1 L‘iliiyl-Lu'a the small il‘. ‘1 ‘ return li‘r l dinner-party before him. which was to, be augmenth later on by a contingent of young people to tea. “For Ileavt-n's sake. Ned," he managed to whsiper to his cousin. “entertain all ll:.'. r sulcmnilies for me! I am dead- beat. and as stupid as an owl." An order that Edward received and carried out literally. For a full \veul‘ii‘d doctor after dinner the do nothing but yawn. until in desperalii‘in he went out of the room and got himself some strong coffee. while his cousin took his place. Medington parties were not very bril- liant. us a rule; the same set. of people hour could Ceremonies at each, produced rather a monotonous effect upon one another; a stranger. and especially a stranger of the sex which is so sadly in the minority in country towns. was a welcome addi- tion to these meetings. The ritual was as follows: A proces- sion of bashful maidens solemnly passed one after the olhcr to that instrument of social torture. the piano. and there. like so many lphigenias, sacrificed them- selves with more. or less mental anguish. one of the scanty contingent of young gentlemen assisting at the sacriâ€" fice by turning the leaves. which. in spite of an anxious determination to be right. he invariably did too soon. with dire results and blushes on both sides. The elders. witnessing this ceremonial, offered an interesting study to the phy- siognomist. Some were their sermon faces, and appeared sincerely desirous of an edification which did not come; others sought consolation in contemplat- ing the ceiling; while others assiduouslyz studied their boots. All were glad whom the blushes of the last Iphcgcnia died away; and the middle-aged gentlemcnt were consoled by whisl. and their wives: by the unfettered use of their tongues ;| the young folks taking refuge. in the. good spirits natural to youth. in the ex- amination of photographs and the dis- traction of a round game. The mildest‘ Citrate was not. to t5 despised at such a gathering. much less a goodâ€"looking officer who could sing. and knew the latest drawingmoom pastimes. and con- sidcrcd it a solemn duty to try to enter- tain everybody, and bring out every one‘s latent talents for the general good; so that Edward. co-Operating with Mr:. Annesley, who was too stiff to make a. good hostess alone, caused the party to be the party of the year. and achieved a. popularin that aroused the most hos- tile feelings in the breast of a certain young lawyer, whose courting had just then reached a critical stage. Paul was called out again just after his dose of coffee. and when he returned and entered the room unnoticed, to find people arousing themselves to an un- usual degree, himself a noncnlity in his own house. and his cousin quite at home in his place. a queer feeling came over him. lie sat silent and glomny in a re- mote corner, mentally recalling all Ed~ ward's past misdeeds. and tlisparagingly criticising his present demeanor. llis old offenses of being taller. bet- terâ€"looking. in better circumstances. and in a profession that he had himself most regretfully renounced from a sense of ditty. revived. though perhaps Paul was not aware of it. All he consciously thought was that Edward was not the good fellow he had been; .his manner was not. quite up to the mark; there was A certain coxcombry about him that he really was not sorry to observe. and so on. During these gloomy rcficctions his cousin observed to him in passing his chair. ‘and, apropos of a fresh assault upon the piahc. “H‘ow/ well Miss [lick~ man sings l" . _ h “liow on earth do you knew how she sings ?" growch Paul. “I spent the afternoon at Arden." was the (IISIILIICllflg reply. which set Paul wondering as to how he got there. and. above all, why he went. Then he heard his mother request his cousin to do some little service that should have fallen to himself, and again began incnlalty depreciating him. until he looked up by chance and caught the reflection of his haggard, scowling face in a mirror. and started with a shamed sense of his own paltriness which made him gloomicr than ever. "‘I cannot imagine what I should have transplanted from house to house. and going through exactly the. same rites and done without you to-nigiil. l-Zdward." Airs. Anncslcy said when the people were gone, “ ‘aul was utterly tagged and stupid. Another time it would be better for you to leave the room alto- gether. l’aul." _ “l-‘ine young man, llml eousui of yours," said :in elderly genllcnnin whom l‘uul was helping into his coat: “glad to sue, him, whenever he likes to look in." “1;..- it possible that these trumpery things could add to the (tsct'l‘ldly of Alhuil's feelings? lie would have scnulcd ‘lllt: Itlt’il. Overcome with sleep as he was. he would not go Ill ln’ul lllllil lll‘ Iiil’I had :i few words with his cousin. \vhtuu he took to his room I'l smoke. “I think." be begun. after a it w three puffs at his pipe, “that you might have waited for me before coiling on the lliekuians’. As I told y at I had or- r;-.ng«-il my work on purpose to have a spare lvaoriiiug t‘t-nu'n-rtw. and Iil'.t'llII. It.) drive you our to luncheon." He was only half mollitied when liti- ward recounted his mis-nrlvnntures with the Lili‘\lilill. and lll‘1!'iiil ulul meeting with the llirltnnin-v at their alum. A “You lni.i"vry it‘il'l'y‘..~ i:.‘.'~1' s'n'fvi' .fi‘uin want of lisrlli‘ttlltJ".u Ir grumbled; '“yfill sm'lli l) but" i'wl' _t lllm‘li pretty t \‘t‘cll LII lbillle ill the ."ilvtll r." I “It was i: ,l due lt pv" inul inrrtl; I was r bend it; you t' :i.<ili." he re- plicd. “I >: l'uul. I ifullglitil‘tiiilit‘ y-zii ton vour cho I am glad you fox.» i.‘,~;u‘1;.t-tl pm; such a c? "ruling girl, and. t ' I" 5-) Cinh'ul‘ {In \Vt‘ll its i)lti (To be C'Oliiiiltli'él).