Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-04-11
COM UNICArIoNs.
10 ihs SiOekAsids's .f ihs yirsinia Ers and Maria
Insurance Compans


have noticed, With much regret, a eommuniea.
ton signed by "a Stoekholder," addressed TO YOU in
the Wing OF the 9Th inst; not, however lceause any
Of the expressions therein made are sufficiently i'm
portant TO starle either those in whose hands the
management of your affairs has been placed by the
proper authority, or yourselves, but because deem
a communication OF that character originating from
HSingle individual, without concert with ma iority
OF the stockholders, and thrown out before the pub
ic eye, when the public cannot possibly Judge OF
the merits OF the case, III tuned aud indiscreet
Can It be possible. that "a Stakeholder" wishes to
depreciate the value OF stock IN which he himself
nincresied, by charging that large portion of ite
securities, and perhaps the whole, are inadequate,
and by so representing the management OF the Ia :
stuuton rs TO cause distrust on the part of the
puOl'c-and consequent withdrawal OF their bu
snesSf IL the management Of the affairs OF
the company has been, and IL censura-
o'e, why publish 1t to the world, without an
enort 10 correct in the proper way-by an ppeal
To yourselves, IN regular meeting, especially when
this might have been done by a wish expressed to
the President, who, no doubt, would have called a
meeting at any time Can II be supposed proper
because whole Board of Directors cannot, or will
not, yield their views, founded daily experience
In those Of "a Stakeholder" that therefore nub-
NC tons addressed alike to yourselves and the pub.
lie at large, and calculated, without mature r.fec
uon and proper understanding OF the whole SUBJ
Jest on their part, nuriousy TO effect your inter-
ests, should be made Yourselves must decide.
connection Ol
objection raised by "A Stockhoder," but will pro
mise that they can and will be fairly and sueeesf
" met and answered, whenever the occasion, un q.
DER proper circumstances and at proper time shall
uemahd IT, l cannot, however, refrain from glanc
ing al one thing advanced Ivy him as being absurd,
indeed. lie complains of the company Tor insur.
ing largely on vessels sailing on the same VOYAGE
At OF ABOUT the same time reg riding il rs nearly
tantamount to oGe risk. Now, let the enquire what
Insurance Company. whose business it s to assume
rsNS' would be serious in oblscting to such insur>
ance rs th:S' Does not every body know mt YES
sels Satins under such circumstances, rarely If
ever, are found together after going TO sea-ihat one
may nave lar W nj, another hard winds and the
mud Storm But all Of them Nigh, be lost
True, they might, but when, and where did such n
thi"S ever heppen' And II all these might bc lost,
Il Is more probable that one would G. and therefore
none shout be insured. Now, who cannot see the
etiect OF all this' But let the objections OF "a
stakeholder" pass. I am satisfied that no member
OF your Board OF Directors or officer of your com.
p'ny VIII OBJECT to n scrutiny into the manng =
u'e"I o' your AFFAIRS whenever you disposed To
cNefese tout rely upon Il that ii your Board
ye'd To the views OF every single stockhold,r or
other persons, disasters would result-for then
iheir course would be like the Sims bv which
UeF hs"re-drecied TO 'all points of the com
pass" with this excepiion-that thew would
reaeh II" port at all. But what real ground
o. complaint is there against the Company unless
u $ desired TO wind up its affairs, as have heard
It stated ls Its stock has never been sold with
IN my knowledge, or believe, within the know
l.ose oil any one else. for less than $50, bu, twice
CAV ~ one instance 40 shares al $50 and , shares
al SS9i and IN 10th instances the sale was forced
Does II not now stand fair If not airer, than any
STOCK IN market7 Has it not lately paid better
man any stock % marketl To both these queries
answer aihrmitvely. Is its present management,
as l'si'uS inc objection of "A Stockholjer,' new
'h'ns by no means. IL has been pfnciised Tor
years; and through times too, of great Commercial
uarhheSs and embarrassnent-and vet, up to the
present moment, the Company has met its ENGAGE.
fnen's' and has never lost dollar Ivy any loan i,
mas made though It's 'oans have been constant, and
TO n large amount. In conclusion. am s,,;,6aJ
mat So lmpriciicable are the views Of "a Stock.
holder" that could the Company lie brought, undo,
'he,r influence, It's business would speedily angulsb
anu uie' Very respectfully,