The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-11-24

CoLoHEL FREMoET's DOMAIN IN CALIFoREIA -
In reference to the letter Of our Washington corre-
spondent yesterday, we learn that the property in
question, "Las Mariposab," comprising eleven
leagues of land, about Al, 900 acres was granted
in 1874, by the Governor of California General
micheltorena, TO Colonel Juan b. Alvarado, for
services rendered the republic, and purchased in
February, lS47, (before the discovery or know
ledge OF any gold in California; by Colonel Free
mont, of said Alyarado. The river washings were
thrown open free to the public soon as the gold
was discovered, and no attempt has ever been
made to collect rent from the miners, or the right
over the quartz veins never infrnged on; all
parties working them having leases. This estate
was sold last July Mr.. J. Eugene Flaudin, of this
city acting for Colonel Fremont, and 10 rat
ication. The price agreed upon is s 900 000-one
hundred thousand dollars down, the balance in in
staments, sectTed-a good title to be given soon
as confirmed by the United States Government
The sale is made subject to all leases already
granted, and the terms of which have been COM
piled with. The purchaser IAN American gentle
man, who has been over this property, and knows
its resources from personal observatory and his
friends in England have been fully prepared for
some time past TO meet their engagements, and
only waiting news of the ratification, which
forwarded to them by the steamer of the 18th inst
Colonel Benton having received full powers from
Colonel Fremont to ratify the sale, will return TO
Washington for that purpose soon the parties
arrive from England, which will be in about two
weeks.-Nslo York Courier and Enquirer, 22d
LIFE INsuRANoA.-W copy an article from the
Chicago Tribune on the subject OF the New York
law on Life Insurance Companies. A correspondent,
who understands the matter much better than we
can pretend to- says OF the article; 90 1t presents
the matter in it's true light. That law provides
that companies doing business in that State shall
deposit one hundred. thousand dollars with tho
Comptroller, for the exclusive benefit of policy
holders in that State. No company chartered out
of the State of New York can, with justice to its
members, comply with that law. Mutual Com
pany cannot do it, for its funds belong equally to
all its MEMBERS and no portion of those funds can
be righuuy appropriated for the exclusive benefit
Of particular class fits memNers. Stock Compa
ny cannot safely do it, for after having Deposited
hundred thousand dollars it cannot control any
portion of it, so long the company has q single
outstanding policy in that State. Another effect,
most clear and palpable, which this law ought to
have and will have, will be to shut all New York
companies, and all those companies which have
made deposits for the exclusive benefit Of their
New York members within the limits of that sin
gle State. For with what face these compa-
mics ask the citizens and residents Of other States
to insure with them, so long such gross injustice
is perpetrated towards the residents of New
York, by scheme of unjustifable favoritism to-
wards the residents of that State. Boston Traveller.
the New VERSION OF THE CHAeREs RIor.-On
the 2lst October a serious difficulty broke out at
Chagres, between the American and native boat
men, and battle ensued, which resulted in the
death of two Americans, and many natives.
After two days. disturbance the affair ad-
iusted and quiet and order restored treaty hav-
ing been formed between tho parties-Captain
Schenck of the Ohio, and one two New Grana-
dian officers acting umpres. Intelligence of the
riot brought here the LIST instant by the Chero
kee, and of the settlement of the difficulties, by the
Ohio on the 9Th. No other riot has taken place at
Chagres. The alleged ''another,'' or serious riot,
is altogether fabulous. The account copied from
the Panama Star, containing tragic and most
aggerated additions to the actual facts of the af
fray, such ''twenty or thirty Americans killed."
SC, and thus paraded through the telegraph and
the newspapers, is the old story, first and only
IL "A
nearly three weeks after it had been published
in nearly every paper in this city, accompanied by
the statement that all the difficulties had been ad
justed
From that time to the present the quiet of The
district has not been disturbed.
Netc York Herald