New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-03-19


Business. ,s
:. The rain yesterday morning caused some impede
ment to outdoor operations but as the day advanced
the weather cleared up and affairs passed off very
well. The receipts of produce are rather falling off
nor do we expect the arrivals to be large weekly
fer the remainder of the as they have BEEN If
they were we should incur the envy of Northern COM
munities. We can inform them, however, we are
getting along toeraby WE'LL that our Legislature has
done its worst and many hours it will be one of
the things that were.
Planters, generally, who have been visiting the city
for weeks past, are leaving it by every boat the
planting is at hand but we do not pretend to
say how much more land will be planted in cotton this
than last But all the cotton raised be more
or be it less, will be required In the meantime
parties are waiting with some anxiety for later ad
vices from Liverpool, fully due by the screw
steamer Circassian at Portland The Cunard steamer
of the It'll inst. the Araba) is also about due at
New York Furthermore, we have much pleasure in
noticing the receipt yesterday of the New York mails
as late as due. We hope Mr.. Postmaster General
Campbell did not carry, Liverpool papers by the
Niagara and Persia into his retirement. As we have
received no dates later that the 18th of February we
trust Mr. Brown will stir up contractors, and not put
up with any more impositions. ~
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LOUISIANA MUTUAL INSURANCE CoMPANY.-Con-
current with the general prosperity of our CITY, it
must not be forgotten that our insurance companies
occupy high position, and it is with much satisfac
ton that we have to announce from time to time the
solidity and soundness of those which are aiding in
eevating the general credit and welfare of our COM
munty We are reminded of this by the third an
ctota of tba To,;c Nut,
Company, which will be found in our advertising
columns. Considering the enormous losses and many
bankruptcies which have been the course of numer-
Offices in Northern cities, it is gratifying to US to
have to remark on the general soldity of our local
offices, and none more than the one now under our
notice. 1t appears to have earned for its business
year, terminating on the last day of last month,
Feb) $563,27s against $45s,6l4 for the full period
of twelve months the year previous and $244 225 the
year preceding.
The losses paid for the first year 6s45
The LOSSES paid for the second 26S9l3
The losses paid for the third year we're 292S
s7l7sn
Tie Profits for he fs
The net earned profits for the third last 45
Total clear profits for three years $40
This presents most favorable exhibit of the steady
ard increasing appliances Of the trade of this empo
rum.
The company has now on hand in cash So ,l41
loans on real estate, $4S,670; bank stocks worth
1850; city bonds Qnarket vaue) S16,4 400; loans
on pledges of bank stock, 1913 200 bills receivable,
sl5S302 at short date ; premiums in course of col
lection $3.50 srndries, s3l 000 amounting in all
to $5l4 600. From the character and nature of the
securities, which believe to be ample, the most
guarantee is given to the public.
The scrip dividend for the first year was 20 per
cent the second year Is per cent and the last year
81 per cent. Ont the outstanding scrip cash dividend
Of per cent. has been declared.
The losses from fire appear to have decreased
largely:
The first year they
The third or last year they .......,..... 1865
This shows great decline in losses from this de-
structive element. The same remark will, we believe,
apply to all our local offices but our citizens should
not (from this exemption from dsasters) disregard
the Importance of being always insured. We chal-
enge any Northern city to present so strong an array
of assets of insurance companies as will he fnnnd adj