The Portland daily press., 1871-10-21
NEW yORK

l S"" " suO hhVtBtiSNIfOm.
NEW YORK, Oct 20. The Times states that
the Investigations of the CITY accounts with the
proaoWay Banks have directly implicated
tweed in the frauds, and an action against
hlm Will probably be commenced by O'Connor
next week.
Tue Grand jury have issued subpenss TO a
large number of prominent citizens, Including
the Mayor, to appear before them to-day in
connection with the charges of frauds on the
city treasury.
counsei IN me prosecution for frauds against
the CITY, w. I'll. Perham, Democrat, and Jndee
Enott and VIM. NJ Evarts, Republicans.
O'Conuor stated yesterday that he believed
that both political parties are of one mind re-
garding ,he frauds aud the work will be yieor-
ously pushed
Cemparat. G siton Statement
Total receipts from Sept. 1. 1871, 27O 567
bales; same time last wear 351 ,449 bales. show
ing decrease of 80 882 bales. Total exports
ftom Sept. l, 1871, l01 406 bales; time last
year 104 ,496 oales; stock IN 1871, 1874 142 bales
at all the U S. ports. In 1870 it was POI 807
The stock III 1871, at interior towns is 1851
bales; at same time last year 80 POP bales.
Beceiser AppOin,.d.
George @. Sa tterlee is appointed receiver of
WashlngtOn Insurance Co. which Suspended
10 day. CAPITAL $500 600; surplus 1885,, OOO.-
Losses in Chicago bout 800 600.
Losse. by Chicago Fire.
The Commercial Advertiser states that the
total losses OF the insurance Companies by the
Chicago fire is $57 100000
Two More Go Up.
Henry P. Freeman has been appointed re-
ceiver OF the Market Insurance Co.. and John
d. COX receiver OF Atlantic Co, of Brooklyn.
he lnsarance Conveaifon.
In the Insurance Convention to-day, the re-
port Of the committee permanent OrgaEiza-
ton, which was accepted, provides for vOlun-
tary NatioOal Association, posed of the in
surance officers having cbsIge OF the insurance
departments in each state for the purpose OF
mutual Consultation, and the officers 10 con
sist of Vice President, and executive com
mttee, to- be elected at the next an nual net {.
ing on the third Wednesday in May. The re-
port of the Commute on rates of interest ane
mortality provides thatr9 marine and inland
navigation risks, the while of the premium re
ceived on expired risks Should be charged as
liability and held as insurance reserve.
Fifty per cent. of the premiums received on
u,expred fire risks should be charged as liza
biGty or reserve, provided the reserve be not
not less than 40 per cent on the premiums re-
ceived during the year. Besides the fire COM
panies should accumulate an extra reserve
iund to provide for which no dividend greater
than 10 per cent per annum should be made
upon the tnil cash capital till after insurance
reserve is equal to the whole amount Of prem
iums received on all unexpred risks The com
mlttee also recommend the approval by the
convection OF the American experience table
VI fanny duu LIZ per cent. per aQDum TO
be designated by law in each State as the basis
| of life insurance. The report was discussed
to Adjournment.
karty Nominations.
The administration wing of the Republican
party etO-pight nominated Franc S.igel for
Register, Geo. G. Barrett, for the Superior
Court, and Chas. G. Daily, for Court of Com
mon Pleas. The ticket was the same as nomi-
mated last night by the Reform Democracy.
In Brooklyn to- night the Republicans nomi-
mated ex Mayor Samuel Booth for Mayor, and
a full city and county ticket. The young de-
mocracy OF Brook Ign nominated Mayor Kalb.
fieseh, the present incumbent.
Matfess among the kfug.
1t is believed that the grand Jury to-day in
dcted one of the highest city officers for fraud
No name was mentioned and the officers of
the Court refuse to give any information
Judge Ledwitb was before the grand Jury to-
day to testify in case pending against Mayor
Hal.
Judge Ingraham has granted maudamus,
which obiges the Comptroller to raise 1925 900
for immediate use of the Department of Pub
| lie Parks.