The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1866-05-25

BASvARps HOLY LAxp.-As our people haves
variety Of amusements just now to choose from
We trust they will select the best, and ws taic
pleasure In speaking Of . rare collection Of Paint
ing, ut City Hall next week. The N. Y. Press Is
loud In their praise and any visiting the eIhibi-
'nn can have their money returned II they sfs
not pleased.
we notice that Col. William N. Macarthur OF
Limington late Of the 9Th Regimen, Maine Vols.
has been Breveted Brig,dler Geusr,, %, ..cor-
spicuous bravery In the battle OF Cold H.rbor v.
and gallant and mcritorious conduct during n.
war; Gen. Macarthur entered the service N
1861, as Captain in the 9Th Regt. and BY meri,o-
rious service has risen from one grade to .no,h,,
to his present snvable position. He distinguish
ed himself at Fort Pulaski and many other en-.
gagements, was wounded severely in from, Of
Petersburg Va, but soon returned again 10 hi.
command, where be remained until within few
months when his Regt. was mustered out of ser.
vice. lie has assumed the practice FLAW In Nj,
native town Of Limingtou where no donbt he will
win aurcs In civil life rs he has in military.
Success to him.
Mr. II. L. Piper Of this place. late let 1t. ath u.
8. Colored troops. has been recently promoted nv
the Secretary Of War to DO Captain and Major by
brevet as reward for meritorious services In the
field.
A new blacksmith Shop Is to be built on Main
St. near the Armory.
The Iaconia Yard fence has been Strengthened
on the bill on Main ST., which enlarges the side.
walk 10 respectable dimensions.
The Ithaca IN. W Journal reportss curious
then. The cornerstone OF new Methodist
Episcopal Church on Aurora street was laid by
Bishop Baker on Tuesday last, In the presence of
$50 clergy men and large eOncourse of people
but on Friday night some thief moved away the
cap stone and stole the box and its contents.
Something akin to the above has happened on
South St. The city at much expense put in a
pump In the rear Of city building and established
o watering. trough there. The other night said
watering through took wings and flew away. we
are authorised to state that II The parties causing
such flying operation do not speedily cause tho
trough to be replaced, the ,etH wiH Be FILED up.
"Joy to the world ! the" old house on the top
Of the hill near the covered bridge, long occupied
by inuumerable Irish families and concomitants.
has been altered to store house BY the Laconia
Co. and fenced into their yard. And ~ the old
landmarks are disappearing Twenty-Five years
ago that house was considered quito an elegant
residence and was occupied BY the first families
The Piscataqua Fire and Marine Insurance Co.
located at South Berwick, has gone up; the stock
holders lose every cent, while the concern Is $40,
600 worse than nothing. BY this failure about
$50, 900 Is sunk BY stockholders In this city and
O. E,llx ll.ll
Of property by FIRE during the past year, and In
judging the managers Of the Piscataqua this fact
Is not 10 be overlooked; and yet there are cvden-
ces to show that II there has not been fraud and
swindling In Its management, there has certainly
been g ross Encouragement. The true condition
ofthe Company has never been known by ma
jority Of the Directors, and the public will regret
that any man should allow his name to be used
to give credit to q corporation which he docs not
know to be positively sound, where he Is In . po-
sition to ascertain the real facts Of the case. Tho
marine risks have principally been the snillstonc
dragging this corporation down. And here wc
wish to call the attention Of the public to certain
financial management to declare dividends and
and keep up the value of the stock IN the market
A vessel Is insured, We will say, the LIST Of Sept
for $4,000. A note Is given payable In one year
for 81 900 Without interest II the vessel Is lost
note costs the Company 30 per cent nearly, even
when matured. On the LIST Of October the Direct
ors make out their quarterly statement showing
the condition Of the Company. These marine
notes set down In the assets Of the concern nj
par, when In fact, on this case We citing only
one month has been earned (Ss3,33), and that
should be put down ut 30 per cent. discount,
or S5S,33; whereas, In reckoning the assets on
the LIST Of Oct. this asset Is put down ut $1,000
The Pscataqua In December last returned Ss3,-
600 In these marine premiums rs matured daily
which was the fact We presume) but which show
I'd tha aaaia NJ th0 np,na nhah
600 better Of than II really was
We arc informed that all insurance companies
make their returns In the same way. Very
well; then no stakeholder can possibly know
what the paper he holds Is really worth, and We
would not give 50 per cent for stock in any in
surance company, Il is not worth II. The Pisca-
taqua has been losing $1,000 per day for the last
six months. P.S.