The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-08-10
Total amount Of losses,

l0tal amount oil losses, A,lS0 "A
In addition to these losses of the year the losses
Of Andrew Lyon for 81 $3; of Mrs. II. A. Constable
for SO H. and Of the Rev John Squier for ss7 80,
were adjusted at the close of last year. but not paid
have been paid of and discharged. The Board have
Buchanan, under the Policy issued in the name of
her husband, Capt. +. Buchanan, by the payment Of
the principal, 5000, without interest Making the
Ss,Gl9 SO.
The cases of Jas. A. Davis & Co, Mrs H. A. Con-
stable, Catherine Davis, and Peter $. Reynolds, re-
main in legal controversy, important legal principles
absolutely necessary to be determined being in
yolved in each case.
Although by the resolution of the last Annual
Meeting the whole subject of extending the opera
tons of the Company to classes of property here
tutore taken left to the discretion OF the Board
of Managers, they have not assumed the RESPONSE
bility of taking such other risks beyond order for
special policies and permits, which we proceed to
explain: -. ,,,o p.o., -, n... ,,
the 18th of September last, the members acting
under the recognition Of their full authority in the
premises embodied in the resolution before referred
to, adopted an order providing a more simple mode
OF issuing permits to make repairs to property III
ready insured, and authorizing the taking Of tempo
rary risks upon buildings in course Of construction
and upon farmers crops in stacks or barns for
limited time. BY the terms of that order, insurance
may now be granted to applicants for any period less
ian year, upon the payment OF II cash premium OF
10 or 70 cts ON the 500 per month, without the filing
Of any premium obligation or any subsequent lltbil
ty hereunder; the rate for repairs TO buildings
already insured being 10 cents on the sltD per
month, and % cents ON the soo per month u pom
buildings in course of construction upon farmers
crops i'll stacks, barnyard or barns, and above
any existing policies, covering the ordinary contents
of harms.
Under the provisions of those resolutions the
money arising upon amy such special policies
apart to meet any losses that may occnI under them
and at til" clos" ii the year, IN default OF any s,c
special l"arH TO be appropriated " the payment OF
the pcnses Of the Company.
Since the passage :" those resolutions, eight diff
i"rrnt permits or special policies have been sed
for different periods of time, from one to three
months, and Tia" money arising thereon amounting
Ia s*7!I, IL appropriated T." the payment Of much
ui the expenses ui the Company loase, hayinp
occurred This new feature in the hilsnoSs Of tho
known aud undcf.tund, viii no doubt be found al
vana""nlH aud desirable Ia many who will he chad
to await themselves ui its provisions.
The report Of The Committee appointed to exam
me the books OF the Company aud To audit the a-
count" OF the Secretary aud Treasurer eInIulIra ;y
follow ing exhibit al the business OF the Company:
Galanc" Of assets AT date oil last annual
Report, II POS "a
Interest received on deposits aud invest
nient, 25l 80
Premium interest ON deposit Notes re
ceived, ll,sa5 II
Iotal Slo,3yj 70
DIsRuRsEMfNTs
For losses paid, SS,Glgs
For expenses, as per vouchers
examined and passed, 1871 "a lo43I 20
~, Balance of assets at this date, ss,yG4 Us
Inc Premium Interest due and payable
this day, after liberal allowance for
Withdrawals and failures, may he
stated at 10000
To which may be added the Premium In E.
tefest recoverable upon new Policies
that may be issued during the year.
winch may he estimated at 800 90
,,,.,-
year, s2l,464 os