The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-02-11
s265, go, 474 65 slsl, $50 5sl q

The returns for the current year viii show
still further very important reduction. We had
hoped that this Congress would see the import
ance of increasing the revenue. and would direct
its attention to this subject, instead Of frittering
away its time in proftless political discussions
and the arrangement Of little jobs for dividing the
lessening income among its friends. If this 10 con-
tinued there will be point where the income and
expense will be so wide apart that the national
credit will drop between, to the manifest injury
of every importent material interest.-lJournal OF
Commerce, Jan. &c. ........ saa 81.
BANK ROBBERY IN MARYLAND - $50, 900 In Sc.
curittes and Currency StoIen.-To prevent our
financial friends from being defrauded, we pub.
lish the following from the Baltimore American OF
Jan. Is: ......-....
Nobank robbery occurred In Baltimore Friday
night as telegrsphed today. An evening paper
states that on Friday night or Saturday morning
the Bank of New Windsor, Carroll county. was
entered by burglars and robbed Of the following
United States fvetwenties of 1862. Nos. $3.50.
1850, of $500 each; United States 5-20s Of 1854
Nos. 1868, 20l52 20l53, 20l54, of $1,000 each; b
$685. ID 1896, of $500 each; United States $40
bonds of 1865, January and July, Nos B 64O3l, A
1881, E l77S42. of $1,000 each; ID 549S4. 7l6l. B
1882, Of $500; United States l0-40 bonds, NO.
l9747, of $500; Central Pacific railroad bonds,
first mortgage, Nos. 764S, 1861. F 1862, G 1913.
G 1891, Gs9S2, G 1911. G 1872, F 457l, F 4572, F
1869. F 764S; Union Pacific railroad, Nos. 1882,
94l7, 94l9, 94l6, S4S7, S49l, 1858, 1859, S4S5;
Western Maryland railroad, second mortgage, in
dorsed by Washington county, Nos. II, ID. 7S 81,
AZ 49, A. $1,000 each; H. e. SO. &c. Of $500 each
TEL, 100, of 500 each. Washington county bonds
Nos. S. &C. 81 80, 80, Of $1,000 each; 80, 80, Ga,
g. &C. 81, 81 a. &c. 81 49, of $500 esch 50, 81. 26,
OF 500 each. New Orleans and Opelousas raroaf ,
first mortgage, Nos. 962, $685. 967. 96s. 1903, $685.
AIS, 2s 427 $685. 1906 1892, 1910. 1893 1899. l479,
1885, 1907. 966, 1904, 972, 1906, 474 200, 997 sos,
AIS. of $1,000 and others. Also $4,000 in green
backs, of which $500 are in one dollar bills, 400
reward Of SIC. 600 is offered for the recovery
OF the above. ..l IS st
LIFE MsURANcE-AND THE BASKRUPT LAw.-The
subject of life insurance and the rights Of those
who seek the benefits Of policy can hardly fail
to be subject of interest to every reader, mas
much as but few families are now without the
hope, to say the least, of some day possessing this
shield against want. We find In the American
Law Register, for January, report OF case
deciding an important and interesting point, and
in note to the case written by the counsel, l. B.
Sharp ESQ, of the Philadelphia bar, several other
points of interest are discussed. One Mr.. Erben
had insured his life for the benefit of his wife
whilst in insolvent circumstances. and continued
solvent for some nine years thereafter. During
his solvency he paid all the premiums. and after
he became insolvent he paid q part of the pre-.
mums, the remainder being paid BY bis wife by
| money give TO her by friends. In 1868 he applied
for the benefit of the bankrupt act, and the life
| insurance policy being included in his sched.
ulee ne hekeut W uasc ~ cAomptcu uuucE
| the laws of Pennsylvania. The policy was
| appraised at less than three hundred dollars
| The amount exempted from execution by our
| laws), and Judge Cadwalader, though at first in
| grave doubt whether the exemption could be
| allowed, upon argument by counsel before him
self, Judge Strong, of the Supreme Court Of that
| State, and Judge Hare, Of the District Court Of
| PHILADELPHIA, concurred with the lastnamed
| judges in exempting the policy. The case vas
argued, at the suggestion Of the court, as If the
| policy were Mr.. Erben's and not Mrs. Erben's,
| and The decision therefore is that man may
claim to have life policy exempted from sale on
execution against him, provided its value, escu-
lated by the tables of life insurance, does not ex.
coed three hundred dollars. Il is also said in the
note, spoken Of above, that q man may give his
/ wife policy Of insurance or any other valuable
| thing whilst be Is solvent, providing be IS net
| contemplating fraud on his creditors, and il viii
be . valid gift, and the creditors of the husband
| cannot seize It for bis debts. An act passed IN
lS6S by the Pennsylvania Legislature, is also re.
ferred to which expressly permits persons to To-
sure their lives for the benefit OF any relatives
| who are dependent upon them, and exempts the
policies from attachment or sale for the debts Of
the insurer.-[N. Y. Commercial Bulletin.
! TEE BULLION YIELD OF ls6s.-The progress o.