New-York tribune., 1871-12-16
CONCERNING INSURANCE.

city ana State, that the IacD 10 Uo tno ro'oo"'o "
authority to business by Commissoner Clark SHOULD loud
also be published, lest harm be done Dotn anu 'ne
"h%.,nHy' p;t W frat ,av vords nv vsy of explanation.
The EycOn is purely Mutual Company hss no capt.
tai stock whatever saye the premium notes q s M
Those who competent and who have taken the time
and trouble to examine carefully the charter OF
satisfied that vsy oompauiss possess 30 safe and
s1SSs q has
levied one annual assessment above named premium
this ng s. or rate o. "a ss %smser
re riaka IN Psnnsyivsnia anorng them sure
and Hi over
native %sdss1s State dnrins that period .. 49,. ~
BY .pnss csss poes Or cash
IN order that may cover the s s Ss on i
and also % ans tSse it's poSy
years subject themselves to an annual Ses a
s n S1Ge1 its heavy
The Company lost by the Chicago fire. some sSoooG
and also to this made heavy losses In tennsy
vana Eamspor and elsewhere It vast was IeyS
Of cent upon its n af ~ s on
which e to a1 nss rnse
of its premium notes " equai caAn VI
This eIiraornary assessment the first made BY the
Company years, when all collected (Which y W 90
~ JAM and ii will ns Sy St psE sso
ample cash reinsurance fund tor an tne phsrs IA
Dulio
working require it to hold There was for time some
little talk OF to this extraordinary
S Se sasd Rnrt o. ic% single cent Of
saved them in rates 81 since nee the scsga Ters
small s1eu name Of resistance (which first sprang
Local Sas rnd Sy the ,ss'ssss sSSn.
rival companies and Others. But the SOL sober secona
thought these mutual S taa ias s Gas
patroas at" for its policies issued them in good
st %S they Of es this
then the Company could not hon9ra9y ana pnS
1or 70 fraud and robbery soon induced the majority
Of them to cheerfully forward anu pay 'ne
Buf to explain the action of Commissioner Clark By
the statutes of Massachusetts COMPANY snff a Times as
cash SURPLUS we believe Of 100000. Immediately after
the Chicago re Mr. Clark called for statement oI tae
by the Company from June 10. is7l up to that date, &
cash surplus 100000 could not be shown ny h tne & Conn
pany tune collect extraordinary ssy
hss sns aw1 e hs en
transact business in until It could again
the part tot Of the that since
mes with three not very heavy ~
all which have been promptly sdus&ed & ana t Raa
the prslnuns due the Company October and Noyem
business and part OF e aGns to ns
against the Commissioner Of Massachusetts All laws,
they remain on the OF 40 Sn0uu
We believe ne acted as he thought honestly and sim
sets as be-
see that he published in his Of the companies he con;
s
attempt and a. we were IL ns yen nearly
ONE Of its badly swndled policy holders sign Oh their
s as to hs ma a
by publication Of this list gives ms ndorsenent 70
pay for and conhde IN Its pol
icics; .. .,uo.., 90 ocorts oro now issuino
| policies here in New York City and State.
II Mr. Clark will inform us how many atfdavs OF the
Chicago polio holders of this Company he desires Us to
furnish him with that what we have stated is absolutely
in an to- sso T have e s we
| will be happy to crafty him ,.,., ,,., =. ..o
public thai IL is Mutual Company organized and
managed ae is the LycomnR, OF 1t wed now be prompt
ly paying LOSES after the manner shown by the fol,
lowing voluntary card Of strong auu ihnuehtial chicago
| firm:
| To M Editor Of The 'hhaOo Tribune
sn s to the ' I%s @ co%n
prompt ' % % =, Which s., '& S Sy ODy NJ
which have paid US in u cent a On The dSA S
cAiu0O Dec. a-lChic.so Tribune.
The Lyeomng has battled all its life for the principle
viii ever contend VIZ. That mutuaty hre insurance,
when the Company Is properly ofEanssI onGereo h anu
safer stronger and sounder than ether plan. This
system has proved the most successful IN marine
prepared to furnish statistics Of 500 hre insur-
the Chicago re, out Of which number Will be dis
mutual But. alas! FOR tie poor eonadins policy
81
the Chicago disaster upon them they shut up their
shops AXE CLANS and very much fear that 1t VIII take
Ssn saceasy to enaSs % policy to draw @ out
anything like decent proportion OF the remaining as
It's pity that some Of them. at least did not have
snall surplus OF such paper stock as tne Lycomng
dsavored to attend quietly aud strictly to Its bust
II has sought quarrel with Its nelghbOrs Of differ
faith TO insurance salvation I! has borne quietly
hs. ss
but ssre sndsayofpS 70 sss Sqsne;s s1 AND earn
s pss' has ever and slwsy. during s entire
history paid promptly every dollar OF It's obligations,
osse pd the pasroos * Tie Company Who have made
ss.x Vt ~ Hzss - SHOULD .ay something
In selfdefence and We therefore request you 70 lay
before the public who are the patrons of All naarance
.nOe xh.teyer II Y that safe, sure. and prompt IN
tound.siO1. all slsnde, and xpsrts "a ne contrary
En- nee: :s N r s:s
them promptly and surely In spte.of al hSdsFsnoes
ssS sns
informed - " the Compsnys oouditisn prospects %
apply to ns and ve promise them they shs Sssr b do
ceived. We are, &c., very respectfully,
]. W. CHANlEHIlN co.
Gen. Agts for Eastern Dept
Lycomins Fro Ins. O., Ne. ~ BrosAwsy.
Eee Fork, Dec. II, ISL. ia.
THE FOURTHAVE. RAILROAD CONTROVERSY.
A prominent East Lids builder asserts that
the alteration in The grade Of sae railroads entering the
city throush Fourtkeva, - proposed In Alderman
NitsheS rsse,utoa viii cost e1to0ooea Of whseh the