The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-23
Grand Presentation Dinner TO Walter n.
Jon es, Esq.
MAGNIFICENT PRESENT OF PLATE.


i MAGNIFICENT PRESENT OF PLATE
About two hundred gentlemen the majority of whom
slong to the mercantile community, present al
ep sndid entertainment wh.h was given last evening
the Astor House, by the merchants of New York Il
Walt n r. joiner, ESQ., President of the Atlantic Muua
Insura Company the occasion of tho presentation
to that gentleman Of magnificent service OF plate Mr.
Jones ha been connected with this tuon for twonty
four yesr and the present given to him by the mer
chants oft bis city testimonial of their high esteem
for his char scter man. and their appreciation Of tbs
terYices he rendelea them. Ths present as we hav
said, IL rea Wy magnificent, having cost about fv,
thousand doll II is dinner service consisting Of th
foIo og teni weight pieces fpetsone large pergus
or centre rece large waiter. two salvsrs two sour
tveen four veg eable dishes two gravy dishes pa
OF 2lteEsgs, ieysn meat hes, fsh dish and siz
dish sover on ne epergno and large waiter Ia the io
lowing nseliption:. -
g. : 6. . > Q Q .
o PREsSNrFD a
by tho
Trustees Of the Alta rto Mutual Insurance Company,
o WALT Err r. JONES, .
In testimony of the u regard and for his faithful
and efficient services President. o
-N853.-
9 . 0 c >
The whole service manufactured by Ball Slack L
Co, OF Broadway. 1t isplayee large tabls ia
the dining room, where it eeited general admiration
The entertainment was got np IN the best style q the
a the
&essrs Stetson the gentlemsnS ptopretors AEtor
and usual 10 IL o. tho of the cc
pany were well attended to. The bl Of fare coutansi
the ctoicsst delicaces, and me, " kinds OF wins
placed upon the table There so several pieces cf
orns meEtal pastry, among which may mention tho
Washington Monument, Gothic toWsr, and represents
ton of n wreath.
Tie company took their seats about esvsn O'Clock, Mr.
Teston presiding, and Mr. Joshua Ecrry ofieiatng
vice President Among the guests noticed the folio
ing gentlemen Hon Robert ) Walker Mr. D. g. LORD +.
b Cutting Rev Mr. Osgood Mayor Kings'and, and Ar
Eenry GIinnsl Mr. Walter r. Jones tls lsft OF
the President When the cloth removed the Presi
dent addressed the company as follows =
GENTLEMEN AND fRlEsp5 =We rave net t1a evening TO
consummate plain business rams. cton the facts in
tha btips amply these Some twenty four years
since the Allan c Inuranoe Company elected it's officers
and although the annual salaries have been pOncusly
paid there has been ranpn account between
tany and worthy President, and the bslD in hts
fs,cr has been teasing from year to year, amounting
10 tie aggregate q large sum, and far bsyond tbs
ability Ct tho company TO Eqaaase with collars and
c,nts aaa here let ms say eenleeu thai this dest Is
OF character that frequently unpaid in this world
Eut in order TO investigate this csm aud if possible
tets i on equitable tsrns, committee vas appoin5ei
by the Board in January last sna cbara. Of that
Committee am about making nay report Bsfofo, how
going further lnust relieve your penss by saving
that this great dsbt to- nhich have aufed IL snl
debt OF gratitude ANA III dor e show aog origin ses
1t viii be necessary 10 goases 20 the eal history Of the
compsny sno learn somethtnS OF It's orsn I. SEQ Who
was present when the corner Que was lac snd watrhsd
its infancy and its youth, and by thsir fostering
placed it that sofa basis against which the
Hirds and the storms Of the have not prevailed
at least 70 such extent either to impair its credit
destroy It's usefulness Aad here gentlemen would
remark that 6teiy rcgres ii II this duty has not de.
volyed scrie other ernoes o the B)ar1 more
petent In myself to do justiss to The subject but look
Ing around these tables see many arlsr faces,
ny of old frerds and associates feel encouraged
to relying Jour kinoDess to overlook any
that may commit either Of orni sion or commission.
ln ths month OF November 1922 the rocs OF ,rip
ton TO Tie atlantic lnfurance Company we're opened ia
this city he pits stock being dsed ~ .5oo coo s WAS
extremely doub whether the amount could De obtansd
In this city, it vas thought exped.ent that Mc Hale
shouid proceed to Boston, and IL possible secure 4
part Of this ameuut in thst city -iin medistely OF
.eachirg which b- Iet with ;s old friend william Star
ee and who that las been fortunate make the
scqua of that gentleman, does not what
follow cor The first qury sas to the amount,
which Esle ier tca, II the Botoaians would TAX
Si5Oto cf the stock The taa-~seff1i ba obtained in
New York He IT sid so home and the result war
thar few days The sub cgipton paper returned
with the pleasing intelligence that the whole amount was
tak,n itme. appear strange At tie present day that
there should hayo tesn difficulty la ilng up tls
efi'a stock oi company With cAp'ss, Of $3.50 Geo.;
Is; me cll gertenl,u thct SsoOV0A II those DAYS
avery different sum .iom shat Is esma I'd at tue
pIeeLt time. For instance tsfe the properly ~ Wall
street. and lots hat selling at S25 600 10 $50 o0a
each, counard $4,000, aud farms on tte island
that could have been purchased az $3.50 acre,
command 81 600 10 80 eco lot, and in many in
stances The return Of Mr. Hale from Boston gave
an impulse to the stock, aud s e days the BALANCE
holders the following named gentlemen were elected
Drectors-
1;a 5Sss eeif ass, 1m' 9sSn esSla sas Sssn
gsssi ar e,na Eliot I5a ar1
| p,ter { raig Henry Ctit, Caleb Bsrstow,
Henry Kno0iand, 1homs g o. Carey. George Hus.ey.
Geo CGgge,wei, Percy Jo.es; VIM Y" DC Forest
the opsnng Of the Beard the following day, 10
siah l. Hale elected presiden. and Walter X Jones
Vice President and Daniel Lace chosen Counsellor ia
the Board. Tie first dividend OF five per cent made ia
June, 1S3obeing seven months from The time tne com
paDy ced business From that period TO the clio -
OF the business of the company ia 1912 regular se an
pua divcends made varying from six to twenty
per ard during twelve and half years the
nous srm of four bundled and thirty six dollars and
fifty cents actually divided and paid 10 the stock
holders snd there ia still small sum in the hands Of
the average OF thirty four per daring
the twelve and half years Dorng tha period the Ia.
bors Of both Mr. Jones and Nr Halo mos. tatense
t uncommon thing to find them in tho oAicc
jrorn eight in the morning til ten at night OF the
twenty five directors originally elected only three remain
remaining ten have resgnec aud part Of them have
left the city The three directors that still in the
Board Eenry Colt Csl.b Bars'o., and Thomas Tiles
ton, and il may lie allowed TO add, Mr. Lord for 81
though lie director still he hs been with
long and has done much to direct the directors,
and keep US from lea shore when the currents we're
setting sgainst us, that cannot omit to associate him
with this occasion; and would remark further,
that he has has kept out Of the sw, thereby rressry
| ing both good name and money also In May,
1872 tho stockholders convened for the purpose OF
taking consideration tho proprsty Of dssoying the
company, md adopting the plan Of mutual insurance
which had ben introduced into the city by r Alfred Fill
This proposition met with great opposition, particular
I from Il Bostcnans, who had been reap'ng gslder
| harvest from the profts of the old company. The
mutual plan was, however, adopted. and the new com
papy wtrt into operation Immediately. At the first
nee ing OF the board, Mt tho request OF Mr. Hale, Mr.
Jones was elected President and Mr. Hale Vice Presi
dent and the p9mber Of trustees c ed to forty
| two Soon after this Nh. Hales health began TO
Gcclins. and though he continued almost constantly
at hs pest fer many years, oSten for the last
three four years he has hesn compelled to relax
his es ria with the hope Of lestoring hrs health. For
nearly twenty years Mr.. Hale was host active AMI
excsllent Dcer and know you viii hear with the
deepest regret tho announcement | am authorized
to make, that at the tcrunaiion Of the ems year
the ties that have bo ind in TO us Zoe twenty four
years must be severed and feel persuaded that Ire
will carry With him into his retirement the respect
ard affection OF every member OF this Board. In re-
srrpg to the resignation of Ar Hale, know you will
agree with in orinop that have most .aeritori
ous nicer in Mr.. John II. loses He has f1sd neary
every situation in the company, and has been with us
| Upwards of twenty years Mr. Thomas Hale ago has
been vita for time subs,iu ute for hi, f,ther
and Is davoted to the inerest Of the company The drst
dividend OF the Atlantic Mutual Insurance Company
made u January, lsia The cash stock received ss
per cent aud the policy holders ;3 pes cent bslns
the IIos OF ls months and from that day to tie Cyst o.