Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-03-01
FROM Ne W YORK.
The Morris Insurance Company.

The Morris Insurance Company.
New YORK Feb. 2S.--lt is stated In the
Evening Post that the business of the Nor
ris Fire and Inland Insurance Company
will not probably be resumed, but the af
fairs of the company will be wound up by
the payment of outstanding losses, cancel
lation of policies and the division of the
surplus among the stockholders. The re-
port of Mr.. Barnes states the aggregate as
sets now at $659640 rs, and liabilities in
cluding losses outstanding, said to be $229,-
S96 33, at $567,3G0 36 leaving a margin of
about 800, 600 after payment of all claims.
The company think the losses will be found
to be smaller than estimated and the assets
greater. The cause OF the failure is ad-
mtted to be large and hazardous business,
which involved serious losses. The insured
will probably receive the amount of the
premiums now uncarned, and the stock
holders may receive from thirty to forty
per cent. of the amountsof their subscrip-
tOns after all the regular losses are paid
There Is likely to be a conflict regarding
the Office of Receiver. John X. Hackett
was yesterday named for that Office by
Judge Bernard and this morning Mr..
Hackett filed his bonds in the sum of $50,-
000 Mr.. Stansberry has been appointed on
the application of the company and OF the
Assistant Attorney General.
Financial.
NEW York, Feb. 2S.-The Commercial
says: Monetary affairs are steady, and re-
turning to the condition Of comparative
ease in which they were previous to the
late Government gold operations. Some of
the Banks have withdrawn deposits from
the Sub-Treasury, while there is a steady
in of e.
the West. The street is well supplied with
money on call at COZ per cent, perhaps
the prepOnderance of transactions being
at the lower rate. Discounts rather more
active. Paper has frecr currency, but at
firm rates, prime bills being 7@S per cent,
md good at SQ10 per cent.
1t is impossible to conceal the fact that at
present the street is loud aud unanimous in
its complaints against the manner in which
the Treasury gold sales are conducted. The
transactions are made entirely through one
broker, relative of the head of the de-
partment. During the last two weeks
tbout Sl5000,000 of gold has been sold in
this way at the ordinary commission of n
per cent. Such large operations leave u
handsome brokerage, which it is very natu-
rally felt should not be confined to any one
firm.
under clique management. Governments
quiet. Gold remains steady at about yes
Cerday's quotations, The customs demand
moderate. The anticipation of over four
millions of interest on l0-40's falling due
Tomorrow, has its effect upon the premi-
um. 1t opened and closed at 1863.
The Bank Committee Successful.
New YORK, Feb. 2S.-The Bank COM
mittee have returned from Washington
having accomplished the object of their
mission to the Secretary of the Treasury
and the Treasurer. The average deposits
of banks are to be taxed after the amount
of checks drawn against accounts of each
day is deducted. The gross deposits will
be returned and separate account OF I'M
collected checks be kept placed to the credit
OF the banks.
VIM. Lloyd Garrison DenOunces
the President and Secretary Sew
ard.
NEW YORK, Feb. N.-Wm. Lloyd Garri-
son delivered an address in Brooklyn last
evening. He denounced the Presidents
policy in severe terms. He thought that
Secretary Seward might have better fallen
under the hand of the assassin Payne, than
to have participated in last Thursday eve1-
ings meeting at Cooper Institute.
New YORK, Feb. 2S.-The Commercials
Washington correspondent states that Gen
G. B. Comstock, of Lieut.. Gen. Grants staff
who arrived here this morning from the
Rio Grande, having visited the fortifica-
tiops and garrisOns, reports matters there as
in very disorganzed state, but is Of opn-
ion that the present arrangements of Gen
Sheridan are such as will preserve the peace
MaXmilian's envoy is in Washington
seeking recognition and endeavorng tC
conciliate our public men. He will present
all the actions of the French Minister