The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1865-08-19
In UAREARn COUNTY

IN HARTFORD COUNTY.
jackson Allen. stock in warehouse, $4,000
IN QUEEN AIMS COUNTY.
VIM Henry Jarrell, dwelling injured, $50 so
DR.. W. II. DeCoursey, do do 10
Isaac Mason dwelling and furniture, and meat
house, 1920
sl:sa! %
IN TALBOT COUNTY.
X. c. Hllyday, out house injured, SIS
n. u. Leonard out house injured,
q
IN CAROLINE COUNTY.
Capt. Alex. Stewart, dwelling, store house and
furniture, S2l5o
Union Hotel Company hotel building, store
house and two outbudings 1900
Geo. Fisher, store house injured 100
Fisher Brother, stock in trade injured, $50 1s
sl.ssol2
Making an aggregate for the year, including.
). u. Fishers, which occurred at the close Of
last year, but not adjusted at last annual meet
ing, $l4,975 GO. OF this aggregate of losses
$3.50 Az have been adjusted and paid leaving
unpaid a balance of. .---..........$ Sc, 1856 u.
In addition to the above sum of So, 4S9 AZ of
the losses of the year paid, the Board have COM
promised one Of the contested cases during the
year: that of Messrs. J. +. G. & w. f Allen,
by paying these parties the sum of s 300,
making the entire amount of losses paid off dur
ing the year S., 7S9 AZ
The report of the committee appointed to en-
anime the Books and adjust the accounts of the
Treasurer embodies the following exhibit of the
finances of the company:
Balance on hand at date of last
report, ACKNOWLEDGEMENTS. $6,37l 81
Interest and tax received during the
year,. ...-......-..-.... $3.50. II 1923 90
Interest on investment receved..... 346 IS
Total. $lsO42 So
Loss adj and paid .....-..... 9,752 SO
Expenses, as per Express account
and vouchers therefore. ...... 1888 AZ
$I1,59l O4
Balance on hand at this date .. $645l 81
The estimated amount of premium
interest to be received this year is II 800 Co
Making a total of. .--......... $17,95l 50
From which we must deduct the
losses yet to be paid amounting to 6,4S6 IL
Leaving the sum off, ST. ,465 40
to meet the losses and expenses Of the current
year, commencing this day.
The claims of Mrs III. A. Constable and Mrs
Catherine Davis still remain in litigation but
the Board have taken measures to have an early
determination i'll each case.
The Board have entire confidence in the capa-
city of the new table of rates to sustain tie
Company, without any further resort to taxes or
extra assessments; for Notwithstanding the en-
raordinary losses of the year the entire amou
of claims against us, including the old contested
claim of the Messrs Allen, will be met without
encroaching upon the receipts of the present
year. or he year commencing this day.
The propriety of embracing within our insur-
auces certain kinds Of risks that have here
toto'e BEEN excluded, it is thought may properly
claim tie attention of the new Board. 1t is
commended by persons, members of the company
who desie such change in the policy of the
Board, that the classes of property heretofore
excluded would by paying liberal premium
bring into the Treasury Il large sum OF money
annually, while the history OF the county for the
IL years we have been in existence exhibits few,
if any, and comparatively small losses of pro-
perry within the excepted risks.
The philosophy of insurance is claimed to be
the taking OF all kinds of property, provided the
premium be put at figure sufficiently high to
cover the risk
The twenty years limited in the original Act
OF incorporation being about to EXPIRE tho
Board at its meeting IN the month of March last
applied to the Legislature at its last session for
a supplement, extending the privileges of the
Charter, and also for certain other notifications
OF the charier-authorizing the adoption of some
simpItied form Of issuing permits for building
and for repairing property already insured-and
also authorizing the investing of the funds of
| the company in general Government or State of
Maryland Bonds, which was by the original
charter strangely prohibited. 1t will be PR per
at this annual meeting to take into considera ion
the pr"nriety OF accepting these notifications Of
the charter.
All which is respectfully submitted
VIM. ToRBERT, President.
Test: F. A. ELLIS, Secretary.
After the reading of the Report by the Secre-
tary, on motion of Jacob Tome, Esq, it was
RESOLVED, That the report of the President be
accepted. and that it be printed in both the
papers of the county
On motion of Col. George R. Howard it was
Resolred, That the supplement to the Act of
Incorporation of this Company, passed ut the
last session or the Legislature, chapter 1874, be
and the same is accepted by the members of the
company in annual meeting assembled, as part
of the chartered privileges and obligations of
| this corporation.
| On motion OF James Crawford, ESQ, it was
| Resolced, That a committee of nina membsrs
of this Company, one from each of the nine
| Election Districts of the county, be appointed
| by the President, to whom shall be referred so
| much of the annual report as relates to the pro-
priety of extending the policies Of the company
to certain classes of property heretofore excluded.
Whereupon the President appointed the fol-
lowing gentlemen said committee:
James Crawford, 9Th District, Chairman
Thomas P. Jones, LIST
Coo w Rennett, I'd