New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-24
CITY ITEMS.

rs and 20 those who have bought sock 70 hold Tor
rse than Il has been at any previous period slnc' the
mild weather has opened. Iostesd OF scarcity OF
bseves, and conaequeu, advance, we have the direct
reverse To prove this, il is opy necessary 10 gsnc7
nj our report Of the market this week which coots rs
sone very encouraging Information to bset-eAsrs a.
though il may not be to those who have cattle 90 sell
II will be seen that the yards 10 Forty fourth street.
we're well filed yesterday with some Of the latest
beeves. ard finest quality, too that We have b7d III
many month"; and tbat such cattle weut begging for
buyers at lie pound net for the beet aDd that some
Of the choices puze anoals inst have been exhibited
at agricultural fairs within the last ye c)nd not ina
boysrs at III ces equivalent to l2c. pound for the
meat, Notwithstanding the vast piles OF ta'lo" that
would be clear gem 10 the bdysr II he could sel the
meat at cost Good handsome cattle for fsir retailing
market beef sold at Ice pound, and coarse kind Of
cattle yet fat sold at only &c. 10 30 The general de-
cline Of prices below the quotsOns Of last week. upon
corresponding quality, was over bali cent pound
and this too rot upon spy gut in the supply conse-
quent upon high prices during several weeks past but
upon s,es9y weekly decline Of price upon an aver
age weekly supply of between three aod four Thousand
head which indicates 30 sign of scarcity of the article
LOOK TO Your Insurance POLIcEs.-Chs recent
c.se Of the United States Life InoursDce Company aud
the extraordinary and dsceditsbe defense get mp by
is President against the payment Of lose reminds US
OF another instance wherein the defence is somewbst
siular in principle. In 1853 the late Seth Grosgsnor
had reveral houses insured IN the Atlantic Five lnsur
snce Company Of Brooklyn. The application was
made and the premiums paid on behslf Mr. Grosvenor
as mortgages With THE understanding, and at their
suggestion the Company inherited ID the BODY OF the
policies the words" Loss, if ary payable to Seth
CrosvenOr mortgage" In 1884, three of the houses
were destroyed by fire and the Company refused to
pay, upon the ground that the policies, being made
ont in the of the owner, snd he having conveyed
the property before the FIRE, there LOSE payable
TO the owner and consequently none 10 the mortgage
Separate suits we're instituted two Of the policies in
tie Superior Court Of this city, and Judgment
dered against tho Company IN bo.h instsnces-tho
Court deciding that Mr.. Grosvenor stood 10 the posi-
ton Of sn assignee Of the pc icies and not liable
for the sots Of the owner and mortgagor. In their
argument before the Court Of Appeals to which the
case was carried, the Company took new grounds IN
addition 10 their iornsr technical defense, viz bst
although toe loss, il any, payable to the mort
Rsgee and though he be by tue terms Of The policy
equitable sIsiI Of tee mortgsgOr, yet the later
having conveyed the property short time before the
fire without notice 10 them the polces we're void aud
they were rot liabe-notviths,anding the law hsd
been declared to The contrary IN al the Courts and
expressly recognized by tho previous Courts OF APP
peala. Upon this ground the Court Of Appeals has
recently reverted the decisions of the Superior Court
Tho Company msde 'he contract with Mr. Gro'vsuor
in view Of the aw as it had recognized for twenty
yeas; and it would therefore seam that they shrunk
from rssOrtng TO such plea until they could DO so
before Court sbero their conduct might be less
H. 1,o fg- aalr 40
intimsted they suggested the form and drew up the
policies in the manner that believed and under-
stord by the whole assurance and commercial comm.
nifty 10 be the best way to secure the mortgages
interest. ard received in his behalf the premiums,
knowing that in following their advice he believed
tmseh perfectly secured. These facts, we ere told
were all proved on the trial and yet the Cont of APP
pesls has virtually declared that party may take
advantage of it's wrong. Ii the Court OF Ppesls
composed Of rural Judges, none too vel scqna nted
with commercial rules ana lsv, tuus stuty itself
by reversing its former decisions it mas done in this
csse-if il can gucrs the eNlsleucs of acknowledged
and cd established oustoius and destroy in moment
an important security Involving millions Of dollsrs in
this city soneit s little better than lottery snd it
behoeyes every mortgage who holds q policy Of in
sursnce TO ascertain whether u Is worth the paper II
is written on; for be must under the plea OF the At
lautic Fire Insurance Co1panS of Brooklyn, either
employ TO wstch tie X cord Office from day
TO day long he holds the policy else rely upon
each successive owner TO notify the Company az often
the property is sold transferred; and IN either
neglect Of even few hours may, and doubtless
would, render the policy worthless, if issued by
Company that evsiss the payment of its losses by
more technical po,uts OF Law, AL the sggrsyatng
facts in tets care have hot been stated bu. they wi
be made public in due The proceedings OF
this Company have been uniformly Denounced where
ever known in tho legal and commercial community,
aud the necessity for honorable mode of desOg
Is efficiently sppsrent in the recent advertisements Of
several Insurance Companies on this subject.
UroRrUSGrE MiSrtHE.-A Southern gentlemsu,
DR. Il. f. Dennis who is ssid to have been connected
wth literary enterprises came before the City Hall
Police Court yesterday, aud made complaint OF As
ssu and battery sgsinst Csp Sohenck Of the steamer
AsbsmS, which was 20 leSve for SSvsuusl a. l
O'Clock. Mr.. Denns was accompanying a friend OF
bis to the vesse to him ON board and 80 the two
were waking upon The pier shout stepping on basrd
a very large and powerful msn, whom they dd not
know assaulted and yioerty shook NJ De1ni, in tbs
presence of jssripg oro~d, saying a. he did so,
"Whs, are you here again you robbed passenger
on the last trip "svideGt.y misAkins him for pick.
pocket. Officers jenkins and Wilson Of the Police
Court were hastily dispatched, spd arrived in time to
get on board 70 dstain the vessel They Instituted
thorough search looking through sa the dark corners
OF the vessel, but could ind captain. Tney then
went on shore and the steamer departed. After It had
attained respectable dis-spce the gallant but mis-
taken captain mad bis appearance smopg the psssen-