Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1859-09-09


CONTINENTAL FiRn 1HsuaANor CoMrANY-
From ihe third annual statement Of this Company
made in July laal, II appears that The COMPANY
has a cash capital ot $500 900 They declare
dividend Of 80 per cent 10 The policy holders for
the past year besidc per cent 10 ibs stock bold
ers for the half year, aud per cent TO the scrip
holders This isa mutual Stock Company, The
profits being devided between the stockholders
and the customers throe~ioufths goingt the pol
icy holders and one fourth TO the stock holders,
but this one-fourih, Il will se seen, pays IA per
cent in cash TO the stockholders while 80 per cent
goes to the policy holders. The one,fourth share
10 the stockholders Is not upon the premiums paid
but upon the net profits arising from the business,
and the policy holders receive IS per cent in scrip
having an interest Of 0 per cent. which s allowed
70 accumulate in the hands Of the Company as on
additional security 10 the insurtd, until the
amount equals the capital, when the scrip will be
paid OF In the order in which il was received. II
will be seen that this plan produces a large fand
ldional to the capital stock, all of which is held
liable for losses, to be drawn upon D case of large
oonhagrations where other companies, not found
ed upon the mutual principle might be ruined.
The Continental Company is the pioneer 10 this
system Of Insurance, and other companies are fol-
lowing its lead, ts peculiar advantages being ap-
parent TO all. policy under this system must be
more secure, as three fourths Of the earnings are
added to the capital stock, consequently the more
business done, the greater the security
The Company has in tie last ilree years, dyi-
ded 1873 per cent of its earnings among its
customers and It ia gratifying 10 learn that It's
business is constantly aud rapidly increasing. lis
accumulations on the LIST Of July were Soo5,6sl 81
against liabilities of SO 5i4 81.
IL +. BRkyToN lie the Agent in Cleveland for
this model Company, and while we would not de.
/ tract from The peculiar merits Of other Fire In-
surance Companies, we invite special attention TO
the points specified above. Mr. Brayton is a man
loug and iavoraby known in the business commu-
nifty, and the agency could not be in better hands.
-
! CLEVELAND MAREET.-There was an i'm
mense" market on yesterday. From the Square
/ to Bolivur street, and all around the South Side
OF the Square was a constant succession OF teams
with vegetables and meat. The display Of vege-
tables was enormous Ilrgo piles Of corn, stacks
of osbbages loads Of melons, and "lois' Of every
thing. The best Of meat Of all descriptions was
] NhtEtu wi bNlb III hbAhAaheNi NAN oNNhfHe'J
enough to fit out dozen whale ships, or to sup
ply tribe Of "wblte Indians" who eat their meet
raw, and all for sale at from four to six cents. The
best Of beef could he readily found at the latter
figure. Family men now go home rejoicing that
the solons Of the City repealed the odious "mtat
law" while butchers look gloomy at lhe low pn
ces, hut brighten up at the consOling thought that
they sell double the amount they did when beef
steak brought ten and twelve cents.
or vegetables there was an endless vari ty, and
for an enumeration of the kinds offered for sale on
yesterday, read the American Gardener. Fruit Is
plenty Apples are cheaper than they have been
before for years, whereat boys rejoice and doctors
chuckle nwardly at the prospectiveiness OF those
young 'uns, who never give up so long as'there is
another apple, peach, pear or plumb In the basket
in the closet. Peaches are more abundant than
last year. OF plumbs there are far more than was
expected, aud, with the exceptions of last year
they appear in abundance for the first time fOl
years, Its hoped the reign of the Curculio Is
over Grapes are coming on and are of good
quality
The market ground was apparently more crowd
ed on yesterday morning than it had been for {
: long time before
Fast walking was out of the question, and al
though every one, like "Poor Joe" was being con
, tnually told to "move on" it was almost impossi
be 10 comply with the request. Fortunately
baby wagons, for once, were scarce, and hoop
were unfortunately crushed. In the street
was equally crowded. Between the vehicles whic
= were backed up to the side walks. the streams {
h carriages were steadily psssng, one going Sout
r aud the other North. When one stopped, a
II stopped, and the influence of a check in the lead
l. ing teams so apparent through the prooessio
e that they fell back ~ on one another like brick
e that arc started at one end, each throwing il
neghbor Out of curiosity we took to the stree
and counted the teams. We found four huadrc
and ttSenty .'aiae between Bolivar street and th
u Square not including those which stood along th
D. Square, which would probably number fifty MOI
Verify, there are many mouths 10 feed in CleV'
= land.