The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1866-12-14


misleads the public BY representing tbs compa-
mics as speculative, instead Of provident and saw
ings institutions. Indeed, thspeIjteiion Of a
Dividend ,p,ien ,Oosld b ~ DsoLARE NO Div
IpExps AT ALL, II the rates Of premiums could
30 20 delics,ely adjusted astobe precisely nif.
hcient to pay an losses and expenses
annual Report of Supt. Barnes.
THE universal L,TD INSURANCE COMPANY
was organized asastrictly proprietary 'compa1
ny, the policy -holdors NOT to enjoy any par
ticipation In the profits, or incur any liability.
It Is undoubtedly, q public advantage TO haxs
strong and well-organiled institution
of this nature in tAs Ulitsl States. and the
experiment has been 'inaagurated under the
direction OF able and experienced managers,
with q paid.up capital Of S2oO, 900. and pro-
posed secumulatsou oiJsi 500, 900 surplus. rs
an additional guaranty to The public irth
Annual Report Of Supi. Barnes. Ri I'.
KrrrERY NAvI Yam, Dec. ~, 1868.
Mr.. EDirun: The recent orders from the
Department, to prepare the frigate ''Mnneso-
ta," and the steamer ''Pawnee" for sea, Gre
ates no little excitement, and assumes an as
pect unseen since the war. AS soon as the
news had been herailed In this vicinity hun
drcds Of workmen OF various occupations and
trades appeared. to seek employment. But
great many had TO retire with the consoling
knowledge that They were not wantei Those
who,had before been to the yard and registered
their names, rs having. been in the army or
navy, were given the preference, ..,,,y, a
A man, belonging to the Marine Corps, was
drowned Sunday evening. while in the act OF
trying to gain admittancc ID the yard, after
the hours prohibiting any one to pass. The
guard, In trying to rescue him. was also pre-
cipiisted. but swan ashore, 20 l'
Iappend q few extracts from the report Of
the Secretary Of the Navy, which may prove
beneficial, In showing some Of the Expenditures
of this yard In one year. There Is one fault
found with the Secs report relative, TO his
recommendations Tor building, and that Is the
present want Of store room. The storekeeper
iabors under great difficulty in procuring
room tor the largo supply Of goods under his
charge: itr.. '"H r..
The, improvements which have been CONF
pleted at this yard during the fiscal year end
Ing June 30. 1896, are derrick moorinc, piers,
extension Of ship house 8. extension Of ship
house Il, timber shed No. 2S, ship for ironclad
ding. condensers for iron foundry.
The amount expended upon these objects
during the fiscal year IL. f'r material, S23,-
i7O,63, and for labor. 40 ,37J ,32-making an
aggregate Of SO3, 54Q,35. '
The improvements which have been in pro
grcss during the year, but which are not yet
completed, are plumbers and coppersmith's
shops. tin shops, quay wall. machinery ami
tools, widening roads, reservoir. cutters, nc,
oakum store, siding mill. railway for fonting
dock, cutters & drains. aud r0pa r. OF all kinds
Upon these various objects there has hccn rx
peadei, during the fiscal year, for matr' ais,
SOL 81. 90, and for labor, S97 ALTERNATING
an aggregate of SlS6, SASS. The work upon
these objects has been completed during the
lreseut fiscal year.
There has been expended during the year,
FIR objects coming under the head Of contir-
gent, the sum of Sic. 2iOa
Estimates are submitted for the fiscal year
ending June 30, 1868, for the following Oh, cts
viz: For cnhrging timber sheds Nos rs < %,
quay wall. grading, cutters and drains. com
ptting reservoir & cutters, ship house $50
40 feet, joiners shop over timber shed No. ~,
iron plating shop 300 < 100 feet, timber she'd,
machine shop, iron foundry, boiler shop, forge,
smiths shop and grading, and for repairs II
all kinds, amounting 10 the aggregate to the
sum OF s5l2,972
Several of these buildings are neclci for the
accommodation OF the "Burenu at Steam En-
Cineering." The facilities for doing work
cunning under the cognizance OF this bureau
are very limited at this yard, and the amount
Of work thrown into private establishments
during ths war, In consequence OF proper
mems to execute Il in tho yard, has been very
arge. .I. -..,Hr. ...r.s'.
Most Of the area OF the yard, which can be
conveniently appropriated ssifes Tor buildings,
being already occupied, u Is proposed To erect
this establishment on Seavey's Island, recently
purchased by the government as an addition to
the yard. II will be conveniently near 10 the
other works. There Is ample space, good fbun-
dations for buildings aud sufficient water frnnt
for the accommodation Of vessels receiving
, new machinery, or undergoing repairs. Thrsc
works are all important. and absolutely neccs.
sary to put the ) ard In q condition To meet
promtly the demands OF the bureau.
Tho appropriation to be asked for during
this session of Congress for the Notifications
In this vicinity are as follows: Fort Coasli,u.
ton, $3.50. 900; Fort McClary, 800 900.
Joshua Stackpole, quartcrman Of the join
er's department, dl.located his shoulder last
week, by falling among the timber In one OF
thsItimber sheds. lie Is slowly recovering.
Tho U. s. s. "Rsslca" sailed from this port
about two months since for San Francisco, aud
has never been reported or heard from. Fears
OF her having been wrecked are entertained
here In official circles, sas he was to report To
the Chief Engineer Of this yard, regarding the
propslling capscity, and the efficiency Of her
machinery. .--r-a u.
We have before noticed In these columns
that hat manufactory was to be started In
Kenusbunk upon the MUussm river. This
leads Us to remark that II Is q matter OF some
surprise that capitalists bavo allowed the Wa
ter Of that river to run to waste year after
year without improving It's advantages. We
are told that Il Is one Of the most desirable
rivers for water power In the State, II not the
best. Prom Emery's Mills, or It's rise in little
Niousam pond. TO Sanford, II Is stated
that, there are seven falls, each at which
is powerful enough to turn large lot OF ma
chinery. While It Is not so large q stream as
the Saco, II Is more reliable, even without rc-
course to Mousam pond which Is two and
half miles square, and which with little out
lay can be drawn of twenty feet into the little
Moussm that gives rise to the river. It flows
through rich country AMI with peculiar adj
vsntages for railroad transportation; and yet
It's waters are flowing away comparatively
unimproved. In our rivers Is the source OF
our prosperity. In the number AMI extent OF
our manufactures lies the secret Of our wealth,
or the want OF IL. Dam the rivers tnot pro-
fanely), aud stop the tide OF our increase which
Is floating away TO the sea; and upon each
build mills Of some kind where the busy hum
Of machinery shalt weave the web Of our f.
nanci.l prosperity. New England is the bee
hive Of America, but the hive Is not yet iull.
Our young men think, too many OF them. that