The Sun.
London, England, 1869-11-03 00:00:00

AMERICAN POLICIES IN 711 E EURO'

PEAN SOCIETI'.

The Wall-street Journal, in referring to the 313-
plication to wind up the European Assurance S°'
ciety, reproduces the City Article of the Times with
some severe comments of its own on British Life
Assurance Companies. It appears that the Society
succeeded to the business of the British Commer-
cial and British Nation Life Insurance Companies'
having an office at 65, Wall-street, New York, bnG
the depositors will be saved from loss by the en'
hanced value of the Securities, now amounting W
$234,689, in charge of the Insurance Department 5t
Albany. It adds, however, that no later than last
spring the company in London vainly attempted
to withdraw a portion. The Hon. William Barnes'
the Superintendent at Albany, would not allow thy''
and in a letter to the editor, dated Oct. 7, that
gentleman gives these particulars :
" Yours of the sth inst. is received. In answer, the
British Commercial Life Insurance Company of Lond°°'
England, commenced business in this country about
year ISIB, and on the passage of the Act requiring a de;
posit of $lOO,OOO, for the protection of policy-holders 'a
this country, the deposit was made. Tho situation ati_
affairs of this company were such (so far as infortnatioD
could bo obtained) as to be unsatisfactory to the Superi3o
tendeut, and on the 29th of June, 1861, I revoked ~
Power of Attorney authorising the company to collect We
interest on its deposit, and since that period the intere6s,
has been collected by the Department and compoanden
so that now the deposit is doubled. Soon after the re
cation of the Power of Attorney the company was ,
gamated' with the British Nation Life Insurance Oc'tial,
pany, and the British Nation subsequently `amalgamate
with the European Insurance Society. The Anieric,,3l.,
Policies in force on the 3d day of May, 1869, were Its t
low :--397 in number, insuring $1,097,575 ;
Premium, $38,052.38; Loans, $25,718.54, and some
tions. Their policies have been valued by this DeP'ro
ment, according to the American Experience Table, at
per cent. interest, and the net values are as follow, Pe
31, 1869 :
Policies 8146,895 I!
Additions 11,040 0
Total
If the lives are ordinary lives, this sum with the folve
premiums ought to carry the policies to maturity
have on deposit as follow : „sp
Principal Deposit. Amount. Credit at POO
Buffalo City 7s stock coup 550,000 $50,00!", 00
U. S. 6s stock coupon 15,000 15,°v0 00
" " registered
Interest Deposit
1 4000, 010000
U. S. Os coupon
" registered
70 6
°L)
Aggregate 5104,400 $201,4 64
Add loans 25,7_„..18
--.-- 31
$227,189
The premium on tho United States stock AO 00
should be added—say
2309 Making total assets about
Net value of Policies 5157,937 17
Outstanding claims—say 15,000 00 17219°
3 11
Apparent surplus in the U. S. 561,75 0,
You will see, therefore, that the business in this °oil,
$10403,,060;,40
080°00
try is entirely safe, unless the policies cover a class °,.600
ferior lives ; of course, the premiums on American
must bo paid for on account of the American busineOitt
We may add that an application was heard
to
a New York Court, and a receiver appoint
look after the company's affairs in Alien
Anglo-American 7 imes. •

A very bold scheme has been devised by
W. W. Vanderbilt to build steamships of novel all:etg.
creased dimensions to contend against the present ea
Mr. Vanderbilt's plan is not unlike that so long tirg,,,ps'
Mr. Silver, claiming to secure a larger carrying 7, ite
city, greater speed, a lessened draught of water, Wit'hoo
creased safety to life and freight. The dimensions of •00
vessels aro to be as follows: -Length on water 11°°'n ao.i
feet; length over all, 515 do.; breadth of beam, 6v 6,
breadth over all, 93 do. ; depth of hold, 32 do. ; 000
8,000 tons ; freight capacity, 3,300 do. ; coal capacitY'A:io6
do.; weight of hull and outfit, 4,000 do.; 1013;30
draught, 2 feet 2 inehes ; two engines, with boilers, " 010'
&c., 2,000 tons ; draught of water, 12 feet 8 inelle!;,; 15
sengers and cargo, 2,000 tons; draught of load hillfor
feet G inches. Cabin accommodation is to bo provid6 opal
250 first-class and 1,000 second-class passengers.
fire apparatus will be fitted, as well as the means for
ing or unloading the ship in eight hours. These Ye'
will have two vertical beam engines of 110-inch
cylicol3de,
and 12-foot stroke each, and so arranged as to be 6'3%013
ahead of the other, 90 feet apart, and to have two Wilee4,
on each side. Each engine to have a separate set of b°,,,ine.
and to have a water-tight partition between each Ob. of
An amusing meeting was held at Waslaingt°l3bet,
the Woman Franchise Association on the 10th Oct%ief
presided over by Mrs. Griffin. Mr. Freeman was thclocod
orator, and he is described as saying He was °Ph' odo
to women prating about their sufferings from the
of men ; ho was opposed to such expressions to °tool'
husbands taskmasters, and wives slaves ; be dfdu:it
that women looked much like slaves, as they passe"„fied'
Pennsylvania-avenue, decked in fine dress and je''
From the very fact of women wearing such
jewellery, he would judge that men were the
slaves'the amount they had to furnish for the purchase °f sand
Usti
things. It had been asked if a woman was a citizerilood
by referring to Webster's Dictionary it would heted cot
she was not." This was scarcely the talk calcul'looli
the meeting, which, luckily for Mr. Freeman, wagt
attended; but more luckily still was it for Mr. Br° ateee
Mormon elder, who had the coolness there to reeeni
alli tlJe
the women who advocated freedom, and esPe d lti g, -
females (as he called them) present at the Ineeoo-
emigrate to Utah, where they would be enrolled ill Wog'
muuity in which women had everything their °/I,,,eier°
Wo are naively told that the Mormon Elder's their ttr
not well received; but we are as much astonishe° od'
hearing given to Mr. Brown as at his Lionimpuden° to to
ing on such a platform to make such a proPesibe
134
women of Washington, with Mrs. Griffin, toe, fu the
THE NEW SECRETARY OF WAR.--Major-;tea
William M. Belknap, of Keokuk, lowa, was aPP°I to 06
the 13th inst. Secretary of War in successiou Colo'
late Gen. Rawlins, and in relief of Gen. Shert°lll?;b
mander-in-Chief, then holding the post ad neer:hie fr°'
was strongly recommended by the latter, wh°sl,ber (0,11.
sident directed to write to, and ascertain Wile" vivg
Belknap would accept the appointment, and f 43,1, sse,4
cepted, he was expected shortly from lowa wog be'r,
charge of the Department. General BelknaP fotl3eo
in 1831 in the city of Hudson, New York. 111.5;0;
Gon. Belknap, served in the war of 1812, euter(")-f big
0,
ranks as a volunteer, but retiring as an offictulr
grade, ono of the few retained in the service aftru'o
On the death of his father young Belknap moved f to 0610
son to lowa with the family. He was attaining when
position in the State when the war broke ent2,,tii
entered the army early in 1861 as Major of the
Volunteers. Ho was promoted Lieut.-ColoneVl3, 6410:13
Provost-Marshal of the Fifteenth Army CorP9lot,
wht3o
try at Shiloh, where he commanded the regfruelfter led
ho again joined for the attack on Vicksburg. a 03!
l, 110
fall of the fortress he was made Brigadier-Genora 6 pasha
the lowa brigade in the Atlantic campaign, talffre h ,1,0
every affair till Sherman reached Savannah, ,ia of to
came Major-General, and was posted to the couirat'r-olosle r.
Fifteenth Army Corps, leading it through the Ctrigodfeof
Bentonville. He then refused the commission of lieotor
General in the regular army, and was made C 0 100
Internal Revenue of the First lowa Distril'a reali!pg
selected to deliver the annual address at the ie.; gloo
of the army of Tennessee,
terms of the President, as well as of Sherman.,d.
l;e is
Logan, and Rawlins. Not long ago he mar like in which he spoke $o t 9
said to be like Rawlins in temperament, but 1113'ith oe et
physical frame, being a fine, handsome fellow., Woo o 0
constitution. Although distinguished as
~ the 0,1'4.
he was unknown to politics, and his elevation 16'0,, SP:d
net created as much surprise as annoyance.eiuotiont:d
man declares him to be a gentleman of high ca're,,tor;
cultivation, great in ability and sterling in ch,. oscer4sl
he prophesies that the country will before letZe Gee'
his value. He was a warm friend of the re'
Rawlins.
udthi if ° e/10t
A Cincinnati reporter went to intervi cif °
it va
if
sident Johnson on the Senatcrial qUeStiOnt • bird
ho 6 d
ho got for hie trouble :—" As a general hars
ought to marry while young. You see, when re fifo 00,
old our tastes and habits become fixed, and
~,,,,rs;'Atie,eoli!
to change to suit another. I believe, like 'ct the P;
matrimony ought to be encouraged. But 3 fortue,..,;coe
day a young man who has not inherited aro, tre'.'
one who must rely upon his own efforts
that he gets, will find difficulties in the way'
Wife of
BIRTHS. the
SIMONDS—On the Ist inst, at Abbot's Bar ilter.
W. Barrow Simonds, Esq., li•P•7 of Willi Clagata 13°°1
TowsE -On the 2d inst a
the wife of
Towse, Esq., of Fishmongers' Hall, a a se
de,
t Sfjeot,
.111Al?RIAGES.
nn h Ult., Ayi r 0
COULTER- ITOLLINSITEAD- On the 30th to 36110 g
Surrey, William Coultersq. liensigtsq.,
widow of the late Henryy B. tiollinshette, , filo;
I 0'
Scarr, Lancashire. gichae pct., g
Muds -Homrs --On the 30th ult., at St' win olio
lice, Thomas, youngest son of Davlota rob° A.
Clapham, to Annie, eldest daughter
Erg., of Lower Sydenham.
el
D E A TB S .
Col°3
ALLEN—On the Ist inst., at Clapham, -1-•1
riltre
Allen, Bengal S.C., aged 46. ~h late °
CANNON—On the Ist inst., Mrs. Cannon,
914
Hells, aged 83. Pull
PULLEN-0n the Ist inst., John Stevens
tvg,
80, Fore-street, Cripplegate, aged 61.
„TO° .661,
LIAI4 "11'
London: Printed and Published by WM__ so.l-.,pek
of No. 112, Strand, Printer, at THE SuN Ow!! of
in the Precinct of the Savoy, in the CO w!!
Wealosl9l, li9TeMber 3, 1808.