The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-08-24

lOEll amount oil losses, Sl,lSO ~
In addition to these losses of the year. the losses
OF Andrew Lyon for Sl,:n5; nf Mrs. H. A. Constable
for Sw II, and of the Rev. John Squrr for Ss7 ~,
adjusted at the close Of last year but not pail
have been paid of and discharged The Board have
also settled hy compromise, the claim of Mrs A. C..
Buchanan, under the Policy issued IN the name of
her husband, Capt F. Buchanan, 10y he payment OF
the principal, $1,000 without interest. Making Tia.
whole amount OF losses pad during the year
SsGlo So.
The eases of las. A. Davis g. 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.
vulyed IN each case.
Although by the resolution Of the last Annual
Meeting the whole subject of extending the opera.
tons oil the Company to classes "t property not here
tolore taken was lett o She discretion OF the BOARD
o Managers, they have not assumed the RESPONSE
bty of taking such other risk beyond an orier ioi
explain.
At meeting of the Board OF Managers held on
the 18th of September last, the members, aclinp
under the recognition OF their ul authority in the
premises embodied in the resolution before reierr.
TO- adopted an order prov iIing more simple mode
OF iH-nnS permits to make repairs t. p,oEetty al
ready insured, and an hol,"ng he ,alilig o tempo.
raiy risks upon LEildhg" in course of construction
aud upon hnlneis' crops in stacks or barns for Il
limited time ny the terms OF that order, insurance
may now be granted toappcants for any period less
than year, upon the payment OF cash premium al
10 or rs eta on the 500 per month, without tLp tn
of any premium ohheaiiuH o. any auh"e4uent lithii
lty ti,eieun,ler; the rate for repairs 10 building.
already insured being ~ cents on the 80" per
month, and Is cents ON the 500 per month upon
buildings in courseoi construction, OF upon farmers
crops in stacks, barnyard burns over and above
any existing policies covering the ordinary conteut~
OF barns.
Under the rrovislona Of shaae ,eaoiutions the
money afis,ng upon any sIdh s(rci policies - set
apart to meet any losses ,hht may occur under them,
and at the closr OF the year, in default oi any such
special losses, To be- appropriated to the payment ct
the EXPENSES OF the Company.
Since the paaSa"e ut those resolutions, eipht oii
t'r"n permits or special policies have been issued
for different p"r,"js q tine irA,Ii o.e iu three
innnlN t4a Me nphej trsiiA thereon aniullG!inr
To S&lA!, il appropriated tn the payment OF 80 much
ol EXPENSES OF the Company no lusaes having
occurred. This feature in the business OF the
Company, when it comes to be more GENERALLY
known and understood, VIII no doubt br found AL
yantn"eo,,s and desirable to many who will lie plal
to avail Themselves OF Its provisions.
The report of the Committee appointed to ryaV,-
inc the books of the tuinN3nY nat ,n a,,t the uc-
comHlT & ie .celesaly ann TirGslirer embo,i,c' the
foli6Wlng exhibit OF the business OF the Company:
Balance of assets at date Of lat Annual
report s7,2os Ga
Interest received on deposits and invest
ments, 2jl so
Premium Interest deposit Notes re.
ceived, ll,s@5 II
Total. Slo,3s5 2s
DISBURSEMENT.
For losses paid, sS,G19 sc
For expenses, as per vouchers
examined and passed, ISL "a lO43l ~
- Balance OF assets at this date, Ss,oC4 OS
The Premium Interest due and payable
this day, after liberal allowance for
Withdrawals and failures may be
stated at 1000
To which may he added the Premium IL,
tcrest reGeivGAulu upon new Policies
that may be issued during the year,
which may he estimated ut 800 90
Making the total estimated assets Of the
year, s2l,464 os