New-York tribune., 1871-11-08
TIE ARCTIC DISASTER.
ITS EFFECT ON NEw-BEDFORD TWENTY-FIVE
OF THE LOST VESSELS OWNED IN THAT CITY
-JNSURANCE. ETC.
-INoURANCE, ETC. =

ITS EFFECT ON NEw-BEDFORD D-TwENTY-TWO'
OF THE LOST VESSELS OWNED IN THAT CITY
INSURANCE, ETC.
WEXFORD Nov 6-Evening.-The ex-
cteent this city during the last hours has not been
equaed the reception of the news Of the firing on
ee S pns os' so S% to
perty Of the place, and oil classes feel It most keeny
speedily bulletned at the Merchants News Room. and
The sad gGss spSss9 Room"
O ana on the to discuss the great event aaa
an Of books and and
policies and counting up Of insurance scrip, great
have St q today @ been % the Same gatherings of bust
various places and continued discussions OF
called on several leading gentlemen this afternoon, but
they extremely retcent, especially those Who are
extensive until time has been allowed for reflection and
striking balance. The merchants here generally wear
deviHmaycaro de air 1 saw manifested by some of the
heaviest losers by the Chicago fre but they Joke eaca
stock notes. and scrip, and put 10 awOru OCCASION
% @GSgf bs peo1 eP are @ Settled to aW
arrival of the from San Francisco which are ex-
sons SG Of tSSnEtaness that no NswBodford lost
their lives and this fact seems an ample consolation ior
The financial loss win be over 100000 and decrease
the assessment Of the town fully five per cent II VIII
by fire. There wives and mothers and children
beref OF the comforts Of lfe and no laborng
cSaH 4Sn aHa T6e credit Of is good the value
OF stock on hand win be enhanced and the indomtable
fReF fe OF 9 SS
have been looking about and determining which OF those
in port can be fitted out most speedily in order 10
start on a cruise next Spring. Gideon Allen q
Son have to-day given orders for the htn1g o OF the
regard to the Aurora Thirty whhlers are now
can be got ready in time to sail next Spring Tie losses
entaied by this disaster will be very generally ds-
rrSer cnsom Of PERSONS Of Moderate means to invest
their surplus earnings In whalers and While the agents
have had controlling interest. the remaining shares
have been sometimes held by large number Of people,
some having two and few more shares each;
The insurance business here has been conducted on
strictly equitable mutuapan, and the adjustment Of the
policies win prove the severest test OF the nnancal
Mutual Marine. the CSmmereial Mutual Marine. EnDe
Ha6 the Is al sd SS Ny a rdsss or
Vicinity It has been the custom Of the Union Mutual
the holder to 50 much as the face expresses the
profits of the company The interest on the profits vas
such time as the profits warranted clean settlement
This issue Of scrip has been very large I. some TOo
been quite business with speeulators and paper shay
has brought as high as 20 cents ana lately mas
been deemed safe Investment for ready money and
even $4,000 Of it on hand The ocean Mutual Insurance
Company the youngest and understand, tts stock
greater part its value The company has not been in
long @ Ito VIII SsIs 70
assessment to make up It's losses tne MAKING ing
m
people win have rather tight squeeze 70 cOIne of with
anything left hear the Sentiment firmly expressed @
obligations and that the credit of the city must be main
tned in this respect believe every New1euiOra man man
end special meeting Of the insurance COMPANIES VIII
be eea poSy VIII no be decided upon by the
directors It thought tonight by many 2s sS
older, will weather the storm. ,.,
There have been transactions IN the bone ana oil
market here to-day, holders refusing peremptoriy to
a
await developments that will succeed the 4uieting down
ri v S1s be aed but not to the extent Of whale as the
latter formed the chief part of the oil lost few days
offered The entire stock of oil held In this country on
the of the present month amounted to 1907 9arTes
spcrn and whale against stock OF 2o65O barrels
sIerTn and $1,000 barrels whale the LIST Of January
leaving two mont1s consumption yet 10 Ge o es'nEed IN 6
to-day is 1000 barrels sperm and sou barrels whale
No private dispatches from the oaicers of the lost
whaers been received to-day. though they are ex
pectcd hourly
FURTHER PARTICULARS:
The vessels abandoned include Il from this port, as
Morgan. R Rs &C.: Gy os Hss 5 Rs1s SE SsTs o'o'l
RaIi FS zaaSc h~sson BARK 5 BsIt Ssc%s; De,p
B1f BTt EaSeh SS9SSsm swift Bt 5 Ts.su g from Hono U
Bark EugsnA B.t BsTs S' AineT1'
entre feet from this port at the OF
the season including bark orioe before reported
lost leaving four saved The four saved are bark Pro
pJpe DOwQen y.
barrels Whale oil; ship Daniel Webster, Capt Marvin,
VIM 0. Brownel agent, with 2jG barrels whale OH snlp
Lag0da Capt Swift Jonathan Bourne, r- agent, with
725 barrels whale OIL bark Midas, Capt Hamill WIN. Q.
Browne, agent with 40 barrels whale and lIO barrels
From Edgartown the following are reported lost
Ship ChampioD ship Mary Ship Europa rs saved and
gere were to vessels from New-London both Of which
are lost; - r,..oo. N,, ,s,,;oouo
There also two from San Francisco beth OF which
No.,, ror1o4.o
The vessels in the Arctic feet from Honolulu all
reported Lost rs follows: ship JqIian GTgs victoria;
by Charles Brewer Co. Of Boston. haiing from Hon
oluu Is saved with 40 barrels whale 9iL 5he whole
The catch at the North saved by the sx vesses which
have arrived at Honolulu only foots up the meaGer
amount of 2s5 barrels whale and lo barrels sperm OIL
was only 600 barrels held by comparatively few houses
and although the price viii "a up twill moth not heP out le
bone is 325 900 pounds in but few hands.
INSURANCE LOSSES.
The Commercial Mutual Marine Insurance Company Of
This CITY states Its losses he in gross H. the face Of
the policles), CTS, ,226, ss follows:
ni1iisa sni1 $ S:s:., s$S
..,.......,.. $500 roman ....,........ 500
SsSyns SS a CHsHVoa Of Edsaovn
@ otbsr oces decline to give any figures in detail at
present. We learn thate gross amount Of losses Of the
Union Mutual Marine Insurance Company Is about
Eases and have 100000 surplus remaining, by
calling in scrip and the Commercial A. has Cur FUR,
Plus sunicient TO meet It's losseA. Inc Oeoan
wiI be obliged to make ap assessment on its stock
pofes The totals q here given include those on
the Orioe, reported lost some weeks hnce. nRos
sl5e TO get full reports OF insurance nun any Other
sOnre but the insurance as nearly every YES
sci owned In number OF small shares ana each owner
exercises bis discretion Roout Insurance. Inc ta
tSSs.horEs - &c 000I George HOvand...... 5000
HenryT TahSr. O.73
IU.et.th d
ppmJIS Not..n UDi
pon,,t. 'e.... 26 2O NRTy.,,.............. 2,b00
40 n Oliver
Gay Hast. 2sPOo beheA; '~''''''''" S