New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-19
SPECIE AND INSURANCE.

The Central America was valued at $500, 600, and
was lot insured. The Company does not insure any
of it's ships The reightSts and other papers Of the
ship were all board, and duplicates cannot be OBJ
tanned from San Francisco under five Elk weeks.
The specie is supposed to be all insured either in this
city, in San Francisco or in London.
We understand that at a meeting Of the under
writer's il was determined that in the event OF It's b. ing
ascertaned that the treasure by the Central AneSca
is indeed lost, upon the receipt of proper proofs, to
bold themselves in readiness to discount at once any
claims that may arise under policies which have been
taken out in oices in this city, The duplicate bills of
adpg will be received by the steamer due on the 18th
inst so that in case of loss the only Inconvenience 10
those 10 whom renttarces made by this convey
ance and insured in New York will be the delay of
few DAYS in the realization Of their means.
As to The amount on board the Central America. it
is believed that it is confined TO the shipment from San
Francisco reported by telegraph to be about 81 6oe
600. The report of large shipment at Havana orig
mated from Geographic dispatch received By one of
the large houses here that certain amount had been
sent to them from Havana by the Catawbs, arrived at
Charleston, another amour. by the Central America,
&c. summing up in the aggregate Sl2j,0OO Now, rs
the shipments Ct spece for New York are not made BY
way Of Charlie stop would involve the payment Of
d oube freight and double insurance, it is inferred
that the remittances by the Catawba were In bills OF
exchange and, express intima'on to the contrary
having been made in the dispach, that those BY the
Central America were of the same character.
The larger amount Of the loss will fall upon the for
eien insurance companies, probably fully t~o-thrds,
and the reclamation to be made from them VIII form
basis upon which to draw bills of exchange, and thus
stand as an equivalent for the shipment of specie TO
Il = Iii hat o,.vr psuy
ance companies are liable for abou. FIVE six hundred
Thousand dollars Their losses will certainly not ex-
coed that fum and as the companies have oil been
ran.actpg very successful business during the year,
they are abundany able at the present time to meet
the obligations arising from this calaraty without
serious inconvenience.
MessIs Wells, Fargo & Co.'S specie-about the
largest shppeys-is insured in London, they having
running pelicy tere of 100 600 in the following
Companies
Tho Marine Insurance Co Indemnity Marine; London A.
sostod Cooperation Royal Exchange Associated
FROM THE UNDERWRITERS.
We the undersgned Underwriters the Treasure pc
tesmer Central America from Aspnws to this port in
ent Of financial affairs deem proper to give this puo
notice that upon the presentation of the proper proofs tn
claims against respective Companies will be promptly Ps
in conformity with the policies and when requested BY the as
| sured will be discontinued
Ne,o- York, Sept. lG 1871
| The Atlantic Nut. Ins. Co, J. D. Joaes, President.
The Great Western ns. Co, Richard Lahers President
The Sur But Ils Co., A. b Nelson, President.
The Union Nut. Ins. Co i. s Lahrop President
The Orient Nut lps Co, Leopold Bierworth President
The Commercia, Nut. lns. Co, Dlnl ID. Smith, Prescen
The Mercantile Nut lrs Co, Elwood Walter President
The New Yo,k Nut lns. Co John IL Lyel Vice Pfesiaent
The Pacific Nut. Ins. Co.. Alfred Edwards Prc,ident
The Central America il the first California steame
to this port that has been wrecked aud her treasure
lost will be the first California treasure for this por
that has met such fate She is, however, the thir'
steam er Lost on this line. The Cherokee was burne:
in Angus, 1853, and the Crescent City was wrecked
on reef In December 1855. No vessel of this lint
has over been insured,