Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1871-03-29

IhFuau~a oasssss.uusssif
Nos q ls Guthau.iirs sew Hufanr ai.su.
puiuisa ihHi the osnsu. IA 30 give = orsT ,
'ii-iaa ~ iuAhiiiauis, aad di,passd az srsi q
ilint thhi Cur Unoisls suumsT1iurs haa rlisss.l
sa-ar tgults salaCshsfc. Bui 10 have pfsffY
aurh ssiilei doun into tie bid il.ai H. IA,
utFr uni a h0us-ilzai The miioa. lio The
r-iiiiailzirt, has hot oune ytf. Ahd ue - ca
q ile cli5f reasots uhy ma. We have No A.
oqukie faciiii5s f5r r.rsi sr,l ,s,,s =. -.
~ = the uIIsf eud q the island. and - IL
palalaiion q al thc nsiEhhufinr eitios nnd nj
49, Efgas uui q prupurtion % Ours. The
r.tncuy a. salnc surt - rad on the Garth a.
Above . % undfr u, that viii trausrort ~ .Bd
cur uifes and children rzpidly and vel. Va
tloas arr the Erggiocis- A little hit q . pndn-
matte tunnel, uhich pruposas 10 bl0a u nm
tuvn, II only the leave n IN lsri.l,tBr. -, ny
So has already been constructed. and / on ef..
hitliiou; but a. yet IL builders have Tie right
= carry freight only. II IL by no means esrt.in
mat such = molc-hkc mode uould ssti-fV H.
plhilc, q the night b attempt carrying pss-et-
80 ooala Dc obtained. There IL also the very
.s 5,A-,Sh1l elevated railruad In GreouWich ST
ahd iih Avenue, upon which a steam dummy
has lately been placed, and From which the mr.
hot,ra expect great deal But ID has not he
gun 70 run yet, and u Is very doubtful whether
people siu extensively pltrunize that uay IL
getnng high. Another plan proposes an eleva-
tel tunnel supported on iron columns and
arches, the cars 10 b. propelled by air. Int ~
fear its projectors will not be able to raisS The
wind necessary. the proposal which Looks
most feasible however, and which IA most lireI,
" DC carried out successfully TO A practical r.
snli, II that the city shall build the much need
ca road Many people believe that 10 provide
s ssh necessary convenienoes for the use of the
~ an. n sork pre-emincntly appropriate 10
be done by the city, and they point 10 me Gro
ton Water Works aud Central Park as EXAMPLES
OF the advantages to be derived from such i'm
profements 80 done. II il certain that several
liberal charters have been granted 10 private
persons, many OF our most solid citizens among
them, but OF all nothing has resulted; while no
one doubts that II the city should undertake the
thing, II would be done, and probably we'll 5ons
And 1T were well, 'twere done quickly"
Our new post Office will be well done. no
loubt, but II won't be done quickly, il the past
If any criterion for the future. The world
moves, and 30 does the building, II is A shame
mat tins great metropolis should be compelled
~ use TOT us post Office thing OF shreds and
patches so utterly unsuitable as its present bnr
row but we shall have 10 endure Il with only
inc encouragement that the new one will be
really hrst-olass and worthy, whenever il is |
d., We have lately been good deal agitated on
me question OF the stability of our life insurance
Our confidence has received rude |
'loeA " the failure OF two companies, which |
AVE lately been wound up by our yigilant Sr-
lerlntendent In the case of the Great Western |
mere is no charge Of dishonesty, but the assets
we're not what they appeared to be, and could |
lot De collected. The amount necessary to re-
insure the risks, or as it is called, the reserve.
vas is not there; only the shadow OF it remained,
thousands OF persons, whose families depend
oil
or protection in the event of the death of the
,readwlnner, are anxiously asking how far this
weakness extends. III two commands fail wbv
nay not others? II the Great Western. which
ad nominally sufficient reserve, proved not |
eally to have it, how are we to be sure that
ny company has what it processes TO have
his ls fair question, and entitled To A fair
nswer. Happily there is a way in which il can
e satisfactorily answered. The system of
tate deposit and State registration fully meets
us question, and removes all doubts Other
may be,and doubtless many are, safe
nj sound, but registration company must
Z. Whyt Because they deposit with the In
urahce department at Albany, the entire sum
ecessary to meet their liabilities to their policy
olders that Is, the amount necessary To re-
lsure thelr risks, or the reserve" This ere
srVe Is calculated by the Department accord
" 10 the law which was originally passed at
ne suggestion of Mr.. n d. Morgan, President I
the North America Life Insurance Co., to
nose sagacity and love of justice we owe the ,
eglstranon System, and the deposits to meet
can only be made in bonds and mortgages.
al state, and United States stocks, the former {
which must be approved by the Department.
ne law provides for the keeping of these Sc I
irltles IN such manner that it is almost an :
accessibility that they should ever be stolen,
III certain that the thief could make no use of I
lem If any one should by any possibility igno- l
ntly steal them. Under this system there can q
, no doubtful or bogus items in the reserve
I'd the reserve is the citadel of life insurance
is lost - 'O''' V
The policy holders of the North America Life |
surance Company know not only that the =
ustees who have charge of the funds which :,
ey have devoted to the protection of their :,
yea ones are honest, but that they have cho- /.
n to demonstrate to all the world that thew
80, by putting out Of their pot1er 10 be 9TH 4
'o'se. This final GROWING glory Of life insu- a
nee entities such a company to be called the d
Test financial institution in existence. G
lhere can be no fears or doubts about il
obably most, if not all companies will sooner
later be forced to initiate the North America;
'anwhle all honor to the originator and pic, n
err. F II
There is also a curious state Of things in the le
? insurance business, but have already spun {
tins letter to such a length that must re- o.
We that for another time =.