The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-02-08

New YORK, February 2.-Wall street was scene
Of unusual excitement yesterday, caused by The
rumor that crisis is at hand, threatening grand
smash up. among some of the largest insurance
corporations here. In the past year seven OF the
first in urance companies Of this city, and ten IN
the New England States, have come to grief, and,
from present indications, it appears that many
more will follow soon. The unprecedented losses
in the past sixteen months by marine disasters
have ciysr such a shock to many of the insurance
corporations that it is feared that large number
Of them will not be able TO arise and be themselves
agaiu. The Sun Company has cancelled all the
capital represented by it's scrip, which amounts to
one million two hundred and Gty thousand dol
lars. and. the scrip holders are extremely indig-
nant. contending that honesty should be the best
policy in an insurance Office, as well as elsewhere,
and that it is not honest to reduce the scrip more
than sixty pei cent wnen the et trustees had at
least given verbal promise that such reducf1on
should nevec be exceeded. 80 =z@
- In The past twelve months the Atlantc Marine
Insurance Company has paid out for losses nearly
eix millions Of dollars, the Sun nearly three mil
! lions. the Commercial over thre hundred and fifty
Thousand the Mercantile about eight hundred
Thousand, and others almost in Like proportion.
The Atlantic has declared dividend of twenty per
oent payable in: April, but lt is hunted that IN 80
doing it Will encroach on it's capital to the amount
of ter: per cent The Washington is said to stand
firmly on it's legs, with surplus Of ten thousand,
made clear in the last year The excitement is to
certain extent kept up to-day, and large capltA-
lists who own an immense amount OF stock In some
of the most ssshay" companies, wear long faces In
anticipation of soon having shorter purses-the
{ 5shrewdest Of them, however, Will make fortunes 6y
taking advantage Of the panic and buying largely
instead Of selling at an Immense sacrifice. The
Stock Board yesterday and to-day gave one aDout
as GOOD an idea Of Pandemonium as can well be:
imagined; every member seemed to endeavor to
ahoW, the superior power OF his lungs. and there
was such bawling and suproar as made the day
hideous and surprised us poor FOOLS OF nature VINO
own no shares Of stock and need indulge IN no
% YESTERDAY, the first of February, being noHce
dav landlords and tenants came together to- dis
cuss the important subj OF rents, to begin from
the first Of May. The. len nts for the most part
haId Their heads higher and demanded that their
rents should be lowered, wherefore the La dlords
Srenonstrated and contended that as times are
hard theywil be compelled at least to keep rents
MP to last years figures, but the tenants replied
t6st times are equally hard for them and that they
viii not be soft enough to pay the same as hereto
fore. The battle was vel fought on eitber side;
many houses have been leased. at the Old prices,
whilst large number of tenants hoye given notice
That they will NOV If their rents are not cut down.
sA lasf it has been positively asceytained who is
che fortunate individual that won the ten thou
ssand dollar prize IN the Union Home Presentation
Festival. It appears TINT dis name is not Rem
nington, nor is he q. ssgood man who can land
lin. and was extremely poor; he had been sad
dler. Init stroke of paralysis and subsequent i'll
health incapacitated him, from purDulng his labor
for daily bread. His wife advised him to invest
dollar il the and the result ls II that IN ne ls
ereenbacks. The twenty hundred dollar prize
Tas won by all. honest, Woodworking servant girl
who has bee,l working out Tor the past twenty
Years for:abont six dollars per month. :
Charities, Just handed in, shows that, notwith-
1 standing the vast amount expended in the good
work. there are still upwards of thirty Thousand
poor children III this city who receive no educa-
ton The remedy viii soon b. I applied, and the
1 The pckpockets have been so successful IN
their operations OF late that many of them have
changed their style Of dong business, and ROW In
stead Of gently ST. taling their fingers IN 2 mans
fsts, and cave. him plus q stab or q bali. dozen
:nply bruises, and minus his money and his watch.
I Is really growing to be quito dangerous to walk
sthe. street at night, and O man must, like his
watch, ever be we'll on his guard.
Some Of the. banks hers have q. curious method
of :transacting business. 81 !ht drafts are s:me.
tims presented about o half hour before tho time
for the bank to close and though the party upon
whom the draft is drawn may' be out at the time,
and rot get sight st az 1ne oaiK caans ana
- Business looked up little yesterday, bgt locked
down again-the passage Of the Tariff Bill caused
Importers to hold foreign goods firmly, but buyers
showed no anetto purchase ana so prices dniI dd
business season in New York city, and there is no
teIling,When trade Wil revive. ..f4s 80
Booth still running the; Merchant, Of. Venice;
Black Crook still coming. money at Nlblo's; Ours,
spicys sermons in the churches tomorrow; cold
her over for the present rain falling instead