The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-24
Anticipated Resumption Of Business in
Few Days.

90. Go. 90.
The suspension of business by the Columbian (Marne)
Insurance Company published in yesterdays HERALD
has created and still continues to create, immense OK
element among commercial circles The large scale on
(which the affairs OF this company conducted and
She magnitude OF lbs losses rendered the report of the
suspension Of business by OF more than ordinary
interest and excited feelings of alarm in the minds OF
all involved In the alleged collapse. From carly hour
the doors Of the company's buildings at the corner
OF Nassau and Wall streets, besieged by
crowd OF anxious inquirers. The widest conjeetures
as to the cause OF the suspension, the extent Of
The liabilities and the probable action OF the directors
were adoat and discussed in the most AMI
mated manner When the doors opened there
was frantic rush OF stock and bondholders to the va
rous desks behind which the clerks OF tho company,
each with formidable OF documents before him.
The inquiries Of those who had embarked large
amounts 10 tho company we're met by the bland smiles
of the directors and employees, informing them that
everything would be satisfactorily arranged in short
time II appears that the gales which RACED along the
Atlantic In October last, strewing vita wrecks,
inflicted injury the finances of the company,
and ts affairs at length became confused That the
directors resolved to suspend business operations until
an Investigation could be made. The Nocsh holders
wore present in considerable force and many of
th0se holding inc largest HUMMER VI n4Adics eu-
Enthusiastically proposed to the directors 10 make IN
assessment on them the amount OF ltty per cent
All woe anxious that arrangement be effected by
(which the company could resume business. There
we're few dsscntont voices to nis proposal by 'cur5
stone" men, whom met the strects; but as they
did not mention whether they had any ntcrestin this
pr other companies the city, their opinions were not
sch regarded Tho Investigation into the affairs OF the
company commenced yesterday sad it is thought that
accurate figures the real state of it, finances can be
xnats out 10 day,
THE C0MPANy's ADVERTISED CIRCULARS,
pct forth in the City Directory for lso4, and through
other advertising mediums give the appended statement
M is afalrs and IFS manner Of and facilities Tor doing
J,asiness.-
pYncK os rnK CoLcMsiAS ISscRANcG ConPsSr CoRsEe
WALL AND NASSAU STRsErs-CAsn CAfiTAL TaRrs
Dealers with this company win be allowed the option
60 be sgnded at the time of application for insurance.
5urns cash cercate OF premiums paid
and carned during the year whether oss accrue or not
cp all now risks, under the New York FORM o. pohey
Nrt-Upon all voyage risks upon cargo, return of
= Ssoosd--Upon voyage risks upon freight, return q
TSird-Upon time rlsss upon freight and upon voyage
and time risks upon hull, return off, per cen.
Such privileges, however betting confined 20 persons
and nrns The AGGREGATE Q, shYse pssmpms upon ss,a
tho sum u one hundred doars Premiums paid IN gold
will be entitled 10 the above returns IN gold.
Drgcron%
Edward Rowe. Daniel W Teller
Daniel w. Lord John u. Bates,
George Min, Charles Hckox,
1. lohn Atkinson, Robert Bovine,
2homAs A. G. Cochrale. Lawrence Myers
". H. Halscy, N. Derrick,
Thomas Barron, Moses Mcrck,
Roland @. Mitchell. DAVID J. BY,
George r. Deshoo, william n. Pophsm,
1 o 1. Minis, b. q. horris, Jr.,
VIM. B. osdcL, Henry g. csmuann
John Armstrong Thomas Lord,
y. G Morris, Preston II Hodges,
Andrew j. Ricb j. r. Grinp.
THOMAS LORD vics President.
vs. NJ wmrsxY s copd Vice President and Secretary.
FfsA>dAL Htsfcay % rnE coRr1EATlos.
Tho Columbian Marine Insurance Company wsz Or
month Of August, 1867 which, as all those Who
Interested IN financial commercial Transaction VII
undoubtedly retain VIVID recollection vas an unor.u
nate one in monetary circles throughout the entire
try But previous !. tue ear 1854 inc dlIcclo. hip wa
rather prosperous condition The respective annual re-
ports give the following
p NUNS reed. 5000 SO s5s2 SIS ssiS IN ssoo1sss
r e.!n'd 81 49, sss S 5sssi ii ii
ktpenses iiaSO2 iSsiSe 1909 90,
A.. pfoO''...... .. s2ii isis7s 'o- '''''o-
!, during the above four years the comPSny reported
6n stocks cash land premium notes bills receiva-
bla SCI ..,..
$3.50 90 isos ,so',p ~
.r,,1..,r or r,S oasrasI fca 1888.
The following the las repor! made b. the company,
being for the nscsi year ending December 81 1885,
rs sSa. Ss ssssR 70 De- ST. ssS aoss
Total amour, Of premiums. fs.252,2ss
prsmianis earned dGrns year less rctnfn pre- - 49,
( niums, and in,cres, on investments f2,S'z So
Losses durng the year. .........si ~ 100
"e'''u'nees 'A'''' I,2g5,Iis
~..... a n,er,iums earned above
ioss.s observation-disclosures is7,ees
Add undivided balance i''-''''''' - lf57.isl
Re.erve for contingencies csiio3 sc. ti ~.
In accordance with the provisions OF VIC ?, ~ VIZ,
board directors rcsoy ID TO Apply ne pf'hs" VIZ ''A
cash dividends payable on aud after ..
Februsry 10, 1864. ............'. zo"soii ..oa a..
Deduct dividend already pa d stockholders, 10 49,.
tere-, cash capital. ...............'' "'ioV
u.,.o,. sOss, 20
D-aue 49,. ,u'e'''' .r,,....,-.,, liza
psf.ss. t3o5,Ti
" .,o"shoiders on or arsr karch 10 1884 as
follov.:-on old stock II per cent. aud IN -.
new stock 10 per cent. s......sts.....s INV
................ so, II
49,. Iii also be- a scnp dividend payable on
ana af,sr June /, 1854, On the cash caPi,al -
Xoss. On old stock per cen' ann onn sw
sock per cent, making TIE toll a.lug g
sor sbe YEAR paid 10 stockhoideis eIas a
81 ses cent payable VA cash, on aug M.e'
Vsyrh TO- 1894 free from foveInm.n. 'sN
IA sankers OF security notss, beihs w "a
rsn' o. amount Of such uotes' ''''''''''''' -
......... s9ss.s
yls.s. n scrp on ana aftsr Jane, 1894, %
assIcrs on earned prernnms on ri.n W. "
n.ra,l,s without loss lestima,ed ga A
Si.oo oool, Is per cent. .....'".''''''''" -
nsisues nrdiyidsd. .......,...........''" .s1ss
1897