, 1861-02-01

Especial Dispatch to the Chicago THbune.]
| cuAn:EaTox, Coles Co., Jan. 81, 1861.
Mr. Lincoln arrived here last night. This
morning he rode out eight miles into the conn
] try with friend, to see his step-mother. He
E'in return and go hence to Springfield. this
evening or tomorrow morning. His visit has
been simply and only to see his kindred and
old friends in this county. There are no stran-
gers in town aud no excitement.
Insurance Legislation.
From the State Journall
EDS. JOURNAL: The recent failure of ifle
Quaker City Insurance Company, by which
Thousands Of dollars were lost to citizens Of
Illinois, has called the attention Of our people
and our legislators to the subject af insurance.
How to protect our people from fraudulent
companies is now an important question.
Grafton for this purpose, The one emanattng
from the foreign agencies in Chicago, which is
evidently preynred for their benefit. It pro-
vldes that all foreign insurance companies doing
business in this State, shall mak statements Ut
their assets similar to those under tile present
law, with but few additions. Shall obtain q
certificate from the Auditor as is now required
before doing business IN this State. Shall pay
! license fee Of $500 for Chicago; 500 for
city over ten and under twenty thousand In
labitants; $50 ior city Of over five audnndeE
ten thousand; s25 for city Of over TWO hun.
dred and fifty and less than five hundred, and
so for each county where there is no such city
or town. All the fees received to 60 to the
fire department In each city or to4n: But
they refuse to put up any securities for the
protection Of policy holders. So did the Qua
Eer city.
Tie other bill emanated from the Union In
surance and Trust Company, and is supported
By the Firema1l's 1nsurance Company u Chi
cage, aud by other good companies OF the State
Of Illinois. Its object Is the protection of tue
policy holders from all fraudulent Insurance
Companies. It provides that nil companieE,
both home and foreign, shall make 4 detailed
statement Of all thei1 assets aud liabilities and ct
their busincss, adopting the late searching In
Quitts required by the Insurance Commission
er Of the Static OF New York for 1861. One
copy Of this statement to he filed with the Au-
ditor, and oue copy deposited with the County
Clerk ID each county where they do business.
ard It also comrels every Company to makea
States, or Of tue State Of Illinois, or Of the
city OF Chicago, at their market vnlu, in New
York, to an*amount equal to 10 = cent. Of its
capital, but never to exceed $50 900. No Com
pauy to do business without certificate from
the Auditor that these conditions have been
complied with. And when any Company
eliall fail TO pay loss within 30 days after Its
final adjudication, the Auditor shall sell its
stocks, pay the loss and stop the company from
doing business by annul1ins his certificate.
further provision is that foreign insurant
companies shall pay Tux Of 5 per cent. on
their receipts, which even at that Is less than
the tax paid BY home companies. And why
pete with. our own and yet pay no adequate
laSr1s now: II they fatl OF refuse to pay this
tax the Auditor Is to sell their stocks and pay
It. And all taxes arising from this source are
to be applied III each county, city or town
where the samc accrued .aar:Aac -oiszalzs4iorf
and improvement Of fire department.
1t nay be us well to eay here that the pre-
sent Auditor, who is more familiar with these
things than almost any other man, is said to
be III fayor Of the latter bill The people have
Alright to demand and expect from this Legis-
1ature, some adequate protection asainst the
wholesale swin1ang Which has been IcrEet.at-
ed in the namo Of insurance companies. md
every property holderi il the State Is interested
IN Seeing 1t done. INSURANCE.
Affairs Mt the N~.1ona1 Capital,
Especial dispatch to the n. Y. Tunes]
WAsnrsoros, jan. 27. 1861.
TIE DUTY ON SUGAR.
Tie great popularity Of the proposed reduc-
tlon OF duties on sugar was remarkably demon
strated to-day, BY the promptness with which
the House instructed M inquiry into Its expe-
diency, with leave to the Com4littec to report
BY bill.
TAXING THE OATH OF ALLEGIANCE.
The resolution compelling all persons In the
Army mud Naryto renew the oath Of allegiance
to tic Constitution, crested much excitement,
aud provoked the most bitter opposition from
the South. It received the hearty indorse-
neut Of nil the Republicans and Southern
Union men, while nearly all the Democrats
opposed it. Il is now suggested that all the
Senators, Representative and members Of the
civil DEPARTMENTS Of tue Government BE-
called upon to do the same thing.
TIE CANADA cAsAnp.
It's suggested, as an explanation Of the re-
cent canara in the Toronto Leader, announcing
the readiness OF EnStnnd to acknowledge q
"southcsn Confedcracy," that the paragraph
Was probably written by the EnglsInau,
Brown, {editor Of the secession org,n in this
city,) and sent to Canada for publication Is an
electioneezipg trick. The supposition is that
Brown sent the paragraph to the Leader for
publication, with view of having It come
its effect here.
TIE TEXAS ELECTION.
The New Orleans dispatches, announcing
that the Texas election shows m uycrWhelm.
Ing Immediate secession triumph, convey u
wron. impression 1t should be remembered
that the Convention which WAS to meet in
Te1as to-day, has no constitutional or legal
cesslonists for their own purposes. The Tex.
an Legislature authorized the Governor to cali
Convention II he considered 1t necessary.
He has no: exercised the authority, and tie
Union men absented themselves from the
polls ut the bogus election, in order to avoid
any action which can be construed into the
conntenancing OF the irresponsible canvass for
delegates.
TIE McoRM1CK REAPER.
t The Mccormick Rcapcr Patcnt-to obtain
IN extension Of which the most strenuous ef.
| forts are now making here-docs not expire
until October next This fact sufficiently indi-
Gates the motives Of the applicants, WHO eyi-
IDENTIFY hope to slip their enormous job through
Just at the heel Ut the outgoing ADMINISTERS
| ton, and while the Patent Office is In The
hands Of an 'aetiDg Commissioner" Tbcy
| dare not trust the case In the hands Of the in.
| coming Administration, which will feel more
| keenly its responsibility to the people Their
Indecent haste Is certainly no compliment to
indicates that they believe him better suited
| to their purpose than lis successor, under Mr.
| LINCOLN, Is likely to be, The President owes
! 1t to himself no less thau to the agricultural
interest Of the ct tire country, to see to it, that
the Bureau administered SO honestly BY Mr..
Holt, Is not made tho avenue for q new out
rage to blacken the history of the year
| Mr. Mccormick made nm application to Con-
| cress fen years ago to get bill passed an.
| Ihorizin. the Patent Commissioner to reopen
| . case In which rejection of his prayer for
| extension had been enterGd. There certainly
| seemed to be propricty in the legislation asE-
ed for, as it did not in itself extend the patent,
but gave the pateutee opportunity to put in
uev proofs, Of which he Lad been deprived by
the operation of some technfcality. But 50
Satisfied were the Patent Committees that he
had received enormous and superintendent pe
cuniary reward for Ills invention, that the most
carneet efforts failed to obtain favorable re-.
| port In either House. II the arguments
| against extension were sound then, they are
fir stronger now, because the additional years.
enjoyment Of his later patents in connection
with the same machine hare added Largely to
his profits.
No good reason can be given for urging the
extension at this time Of patent expiring
next October; and there are many forcthle OBJ :.
jecuons to anticipating. the period when the
! application would be necessary. One Of theee
Is sufficient Of itself to satisfy any candid
mind, aud it Is: The applicant for an extension
| must mike statement Of his profits On the
patent, withA view Of showing that he has moi
i received liberal remuneration Tor his invention
It will be seen that applying now, Mccormick
Is enabled to leave out of his account Of profits
the entire business Of the present year. The
"season p" will begin within q few weeks, and
be closed By NEXT July, In ample time to put
into the statements M entire years profits. The
opponents Of the extension Of this monopoly
entitled to tho benefit Of this showing. If the
President does not desire to wink ut the out
rage now seeking to be perpr4t1ated, let him
look to the Patent Bureau. ;: -, :: =.
Especial Dispatch to the Cincinnati aaxetts,1
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