The Land Agent's Ledger: A Tacoma Suicide, $15,000 in Policies, and a Northern Pacific Audit

Tacoma, April 17.—So far as known, the New York Life Insurance Company held all the late Mr. Schulze's policies. The company insured his life for $15,000 in different policies. One of $5,000 was issued some years ago; the last policy was for a smaller amount and was less than two years old. Whether or not he contemplated suicide when he took out this last policy is not known, but at present the company has no solid clause to stand on in the case. Most companies have such a clause that the policy is void in the event of suicide. The New York Life, however, has no such condition attached to its policies, and the state agents are today trying to arrange for payment of the whole amount of the three policies.

The two policies are also payable to the Fidelity Trust Company, and are said to have been transferred to that institution to secure an indebtedness contracted in connection with the construction of the Tacoma Railway Motor Company. The other policy is made payable to the divorced wife of the man, who at present resides with her sister in Portland. Tomorrow George Browe, perhaps the most intimate friend Mr. Schulze had, will make application to the probate court to be appointed administrator of the estate, and it is said that in that case T. B. Wallace, president of the Fidelity Trust Company, will be the other administrator.

All day General Manager Kendrick and General Superintendent Kimberley have been going over the accounts of the late land agent, Paul Schulze. One or two of the friends of Mr. Schulze have been in consultation with officials, and the business affairs of the dead man are being examined. The investigation will probably last several days yet. No conclusion has so far been reached, and nothing has been done to deny the rumors that have been flying thick and fast to the effect that the dead man was heavily in arrears in his accounts. Those who knew Mr. Schulze will say that if he used any of the company's money wrongfully it was to aid enterprises like the Irrigation Company, in which he was interested. The Northern Pacific officials are very reticent about the matter, and have given out nothing whatever which can be taken as definite information.

Tomorrow morning the whole party will go to Aberdeen and South Bend, inspecting the property on the Chehalis branch. They will go to Portland from South Bend, and will spend Friday in that city. The officials will return to Tacoma Saturday morning.