The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1859-10-08

bi.hIpN, august LIN, 1907.
DR. WIN. c. PERKINS M Dear Slr:-
On Saturday evening last. mailrl to your
address, in answer to your remittance, the
receipts for yourself and Mrs. Price for the
amounts due on your respective pol!cics.-
AT that time it was impossible to answer tie
postscript Of your letter, and, indeed, from
that evening TO the present | have been 50
constantly engaged rs to be unable to dc;ote
any time 10 that matter. Wore to under
take the task Of replying 10 every one who is
loud in his complaints ofmisnanageuont& &c.
/ might do nothing else Jut.with intelligent
men who ale capable Of understanding and
approaching the difficulties which attend the
management Of such an Institution rs ibis,
feel il to be, more or less, due 10 them to
disahusc their minds Of any erroneous views
they may have taken.
There is an impression quite prevalent, IN
which you seem 10 have participated, that
the operations of the company out Of the
county have been diSas rous that before
they were extended into the lower counties
the company was prosperous and that ever
since it has hec, unfortunate.
Now it is very tue thar for the first six wears
Of the comrany's existence we had, at vclv
low rates, very extraordinary good fortune
and accumulated, in that time u surplus OF
some IS COO: and it is equally true that in
one single year, or rather IL little oycT six
months of & year we met with losses, al IN
CecH County, amounting to 0.0UU sweeping
away the whole surplus Of 5000 and com
polling us to an assessment OF 10 per cent
upon the premium notes. 1t is, also. true
that at any time for the first three Of those
six years, a loss of - UUO would have ,,iiy,n
us to an assessment upon the notes, and II
any time during the whole OF said six years
$4,000 Of a loss would have dcuaud,d al
assessment fer AT the annual .;,cetiilg 1853
SIX years after the organization Of the com.
pany, the whole revenue OF the year com.
posed of interest on the u,rmiuIn notes. will
the interest on the 600 loan added, did
not amount TO $4,000, and this, too whci,
large part Of our capital was in premium
notes from members in Hartford County: for
it is true that the citiZpIs or Hartford County
came into the company very early and helped
to build it up VIII lie many Of our own citztns
kept aloof from it and suffered il to struggle
in its infancy against the difficulties that
surrounded it, pieierrng TO palronlzc the
insurance Companies Of other States. until
they found il had obtained sufficient strength
to afford them the protection they dc>utd..-
Ii the assessment made in 1854 had been
10 ;r ,ha,. lal i,od ,,''t,' e. Ir t'''I
onn,,. - ,iara , L'I, ,',I ,''','
go! ,;. - ~
bear, noar,r IL a. on VIZ,
.,nnr,, orl'esos ,,a " '',
atone wouId now meet, am NO, i, ,'"' ,',n
a.o ''o,aL ~ co.,. h,,, ~. 49, ~ .I'N
ib.,o has scnrc,lv h,rr , yr.. .;,,cn 49,
that the Cecil Losses anI the nrce.s . 't cy
un "s 1 Of the comrauv WorI n"r Isyr '
H., .n al 81. --
fs"n' bsr ,va;lallc po,ns Wv ~ -'''e "N''''"
n,o ,hirnI L,vo ..o,,,o;,,,d .,,., a..
:, o"' h t"'e , law ",,',, amy l'i"' tf't
dr;von ne to the ,oyandIa I.,, I,.,,,,i'-"
of the prosperity of the COMPANY is G,i,acials
Let me state the operations in those counties
Last wear, took the trouble TO make an
accurate calculation Of Them up to tie annual
meeting: and for the past year have also
estimated them
The whole amount of thc losses sustained in
the lower counties up TO the annual
meeting in 1858 was g31S6 20
The amount for the present veor is i 400 "A
-
MAKING an aoorecato If lossos * Goh %
The amount of interest received
from those counties m TO the
Annual meeting 1858 s3,332 -
The amount of interest and faxes
received from them from Au~
1858 to Aug. 1859 2 -o9 a.
-
g1I3Irs
The amount OF Taxes due from them
tomeet the past losses. The orratcr
part of which they have already
paid, is o'75s "a
-
Making their entire rovment gSS0 r8
The Whole amount ortLeir losses
beng s COZ. 90