Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-03-06

TINE aSSOSIA
Al the annual meeting of the Stakeholder and
nemen OF the Richmond Fire Association on the
list March, lS4l, lon motion, L. IL. Richards was
appointed Chairman, and III. A. Crenshaw Secre-
ta,y:,
The President presented the following repor, of
the Board Of Directors for the last twelve months:
10 the members of the Richmond Fire Associa.
ton, the Board of Directors submit the following
rs their Annual Report:
Inc receipts since the last annual meeting. amour,
l" 1,, !" S9,l95 IS
The expenditures during the same period, amount
10" Si,062 So
The Board has steadily pursued The course indi-
Gated IN their last Annual Report, of investing the
fund arising from premiums on insurance, in perma-
nent stocks bearing interest, which now amount TO
$4,000, viz 500 in stock of the CITY, and SO 500
IN James River & kanawha Bonds aud Scrip.
! subscriptions to stock are received but slowly
ana our citizens do not yet seem to have been inn
pressed whh the advantages TO themselves, na De-
cunlary point OF view, OF becoming hodcrk OF
STOCK. We made semi. annual dividend in Sep
TENDER, OF per cent, and will make one this month
OF per cent-in both instances without impairinp
the reserved fund arising from premiums Our
loss oy hre curing the past year, being the only
one yet incurred by the association amounts TO on
~ SSs 2ii remarkable circumstance when the
NUMBER oil hres IN the city, amounting TO 2S are ia
Ken INTO consideration. BY the reports of the Prin-
cipal Engineer, 1t appears that the amount of pro-
perty destroyed by fire during the wear. amounts
In our last annual report, we expressed the opin-
ION mat there was no city IN the Union in which
vestments IN an insurance company ike ours would
DC likely TO be more profitable; and the experience
OF the last twelve months has fully confirmed US in
The business OF that opinion. Indeed, we do not
oeieVe that there are any permanent stocks in our
market which offer To capitalists, or others having
FUNDS TO invest, so safe and profitable a specula
ton. The hremen have found great difficulty in
suppressing hres IN the upper part of Shockoe Hill
iIom the want OF sufficient supply of water-and
as early as May last, the Board Of Directors calle
the attention of the Common Hall to the subject bv
ouuon, requesting them to have the walls OF the
reservoir raiseu which resolution has been referred
10 the Watering Committee, ard we have reason to
believe will lie attended TO early in the present
year. We take great pleasure IN informing you
that TIE reports Of the Principal Engineer have borne
high testimony TO tie activity, rmness and perse-
yerance OF the hremen. All of which is respectfully
submitted
Which report was received and approved.
JAMES BOSHER, President.
The following persons were elected officers:
JAMES BOSHER, President;
Charles II. HYDE, Vice President;
Philip Duyal, Jr. Principal Engineer:
Thomas A. Rust, John Freeman, Joseph S. Ro.
6inson, Jacob +. Barns, George II. Tompkins VIM.
Booth, James Allen, George J. Roche, Directors.
On motion, Rtsoircd, That the proceedings of
tins meeting be published in the newspapers in the
city.
On motion, adjourned.
Z. II. RICHARDS, Chairman.
Ii. A. CREssHAw, Secretary.