The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1851-07-16


The st. Louis Republican speaks as fol-
lows:
Failure ofihe Kaor Insurance Compa-
ru-The aiiairs oi-this company are repre-
scented by creditors. who have been 10 Vim
cennes, TO be in a bad way. Ii is "bro1e
fat" There were creditors there from dit
ierent States, all anxious TO get something
fer losses incurred; hut it vas no go. The
treasury had not a cent in it. One of our
citizens, whose claim had been existing io7
months and had been adjusted by the board
OF underwriters, was compelled to return
without any satisfaction whatever except
the conviction thathi debt was entirely lost
10 linn. The board of directors, who have
heretofore stood .'ell with the community,
owe it TO themselves 10 make some exposi-
ton Of the affairs Of the company, which
will relieve them from the Odlum which now
attaches To them.
The editor OF the Dayton Gazette, who
seems to speak from knowledge, closes Sc
we're article as follows.
The causes OF the failure are briefly sum-
moned up to-wit: lynorunce OF the bust
ness-eXtrayagance-- positive mismanage-
ment--a series of Sc we're losses on property
~. the want OF any solid money basis. the
only reliable foundation Of solvent nsu-
rance company.
On the other hand the Vincinnes Gazette
in reply TO acharge Of swindling against the
officers, says:
$50 far from such a statement being true,
there is not one, in any way connected with
A
worth and uie gritty. We nolc that the com
pany have paid 100000 in losses aud will
continue TO pay 10 The uttermost iarihing
whatever may he Justly brought against il,
even should il tie necessary for the siockhold-
ers 10 pay every cent of their premium
notes"
Many rumors are ahOat with us in regard
TO the causes of the future aud the conduct
of some of those connected with tie conpu-
ny since It closed; and rs some of those ru-
mors are not very credilable to the parties
concerned. and, If time DO not clearly iusll-
ly the opinions of the Gazette, we would be
glad to have the public set right with res
peci 10 them.
VIII our neighbor Of The Gazette give
replies TO the following enquiries:
lst. Is 1t not believed by those lest in
formed that the claims Tor losses, already ad-
justei, or Presented for adjustment, with such
as are likely to come in, will amount to more
than will ever be collected on the whole stock
subscribed and yet not fatty paid out?
2hd. Have not many Of the stockholders
including part Of the Directors, recognized
such to be The fact, by coming promptly for
ward and paying in their whole stock
81. Did not the late PREsIDExr, whose
connection with the Company inspired much
oil the confidence had init. buy mp at a hearg
discount On adjusted ciain, against IL and
then turn The claim IN al It's fitce IN pay
naent Of balance DIE or ms stock?
4lh. Have not some OF the stockholders
who are entirely able TO pay, refused to meet
further calls on their stock and suffered
themselves TO be sued; and does not thi,
course look more ike an intention to TO avoid
just liability than 4 determination TO pay
50 the uttermost far;hing2n
We hope the Gazette will be able to an
swer la the negative to those questions =
more especially TO The two last: or if il can
not, to tell us how it can reconcile the facts
to the position assumed in the extract abov,
given. .s