The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-03-11
Annual Com nae ncement OF the College
OF Physlctans and Surgeons.

Last evening the annuat commencement. OF the above
institution being the medical department Of Columbia
College took place at Rev Dr. Rankin's church, corner
Twenty second street and Fourth avenue The church
crowded with large and highly respectable audi
VITO evDced much interest In the proceedings OF
the evening As to the fair they honored the gradu
ates Of the college with largo Attendance. tho
principal part OF the audience representatives OF
the more tender portion of humanity.
Shortly before egn O'Clock tho seryices VI The evening
Weston, D. n after which Or Edward Delaacld. Pres
u ths college delivered tho charge to the graduates
and con erred thn degrees. The names of those who
sa%.oa amsrcas Th;ocalIas u Aaa,sss rs,Ip Bar
pss, Ths: Hsn
% ceaEnriie Frasei. Dsaasd = s.ma.i pe%ars ss
padi ssnts sors aei bssss o Esans:
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3 ,sas-.s a''sf JOSEPH: ssss ,sss:'a yla%
S w% xak say Jams, xsian. Daniel os
weea. Dsa Tss' J M asrfs c scs's
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scoresbs' Caares X Smmons. a. B. Monsross L. smith.
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Job r. Todd ?la,sa Vallejo Aug Van cor,iandt FREQ ID
taras + weaver De wiz wsSb. deoI,e .. wh-slosE b:
.. Elias Whitehead. A. NJ Thomas Wight. WIN > villa
Tho following prizes wsrs awaried
Taxas PRxFs -First ,rys OF s5l TO Thomas Sabine
A. OF New YORK far a thesis on the treatment o.
ssco"a pts sss pssa Vss n caon r
thcsl. on tue rraa exere,Ion aad its arrangements
paraona Of caculL deposits. snd crystsls with
thesis Ga ssuss vision sy John ii Farnsn Of New
erssy thesis 90 ssc,son Of the knee ola ey George
George II Dunbar. OF Massachusetts,
to s cs.p apr Of O 1'
Psw. ,os o'a s, At TIE ss % James
McLane = o. New YORK yasdcsorian q ne Cas-
Jr. 4 X. Of Ess York. '''A-' So
Tho vaieiictory address, delivered by James W.
evening IL was maatsry production aod delivered III
an able manner
Altar address, to tho alumni by Joseph Maman, NJ D.,
ans baad dtscoucsed exceIIsn. music during the
evening.
All About . Defu not Insurance Company.
JOHN JAYS EXPERIENCE IN STARTING AND WINDING
UP rag xscHAsIcs' FIRE INSURANCE. COMPANY.
sUssnns coJRr-cRcJu.
Before Judge Baruari.
MAsca Io-Joseph Wrooo rs. John Jay--This was al
action brought against the defendant Receiver or the
Mechanics Fire Insurance Company for the recovery OF
g. 900 on q policy Of insurance, issued In 1855, The
plaintiff claims that be engaged In the manufacture
Of ax At the OF Twenty sscond street and second
avenue aud had insurance on his socx 10 the above
policy vas issued che premises cs are and property
valued at Is 900 DESTROYED Proofs Of the loss
g pss me q 81
law. Ia the meantime the company became insolvept,
and the defendant was appointed Receives The plaintiff
now locks TO Mr. Jay for the amount o. tho policy. aud
has taken the present course TO compel him 10 pay up
The defence was that the Mechanics Fire Insurance
Company authorized hs>defendaut a Receiver rein.
sure all outstanding pocies and that the plaintiff 9 poll
CT, among numbar Of Others was transferred 10 the
Equitable Insurance Company Of Tendon who acted the
assignee and ayeut OF the defuuct nsttuou That sub
soqueny tbs agent OF the Equitable Life Insurance. Com
pany in this city notified the plaintiff that he considered
hs business extra hazardous and that according 10 tho
terms Of tho original policy he had decided cancel IL
add pay back the plaintiff rateabe proportion o. tho
premium soon Afterwards the psintas promises we're
destroyed by ara.
Among tho witnesses examined was ,he defendant, Nc
John jay well known as OF the pea descendants OF
tbs signors 0 tho Declaration Of ndepeudonce us tes
tmooy 10 regard TO the rise and sudden collapse the
Mechanics Fire Insurance Company WAS mswha, inter
estins He stated that no was retired lawyer aud lived
ON his atm that he was Induced 70 take stock tbs
insurance company chiefly TO enable frieod Of his,
named Dawson tc secure the position NJ secrslsy aud
10 procure for his partner Mr. Whitehead tho post u
legal adviser 10 the company. He invested $500 the
concern, and was made one of the directors The
capital consisted Of $3.50 900, or which $50 300
lodged in tho Iank Of the Republic 5y5 90 10 tho
Shoe aud Leather Bank The President w. RI Degroot,
thought would 30 advisable to invest tho greater part
OF the money In bonf and mortgage and loaned 100000
OF the amount on some lots 10 south brooklyn Mr Jay
felt annoyed at his Investing such large IN single
mortgage aud expressed hts doubts 10 the value tho
property. He Subsequently had interview with An
thony Bsector the arctonesr In relation % the pro
perty, and was told by him that would briag az east
$500 300 under the hammer. A lawyer then EN-
ployed 10 search the title when trausprct that tue
grsitcr part o tho property under water situated
somewhere between Red Hook Point AMI Greonwoo1
Relieving that tho property nlmoet worthless aud
DOT liking ths manner ~ which Mr. pcyrpct transacted
the business OF the company this witness applied tU and
obtained al order from tito authorities winding ~ 70,
concern the $500 invested by tho witness proved dead
toss