New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-13
INSURANCE MEN MORE CHEERFUL,

INSURANCE MEN MORE CHEERFUL.
ONLY TWO POSITIVE FAILUREs-LARGE SAL
WAGE OF GOODS ANTICIPATED-LATEsT RE-
PORT OF THE CONDITION OF THE COMPANIES.
There was more cheerful feeling among
the New-York Companies yesterday most OF
the officers believing from later information received
that the losses would fall below the estimates OF Mon
day. which had been placed 1t was claimed IN most ln
stances sufficiently high 80 cover all the risks IN the
burnt district It's thought now that there will be sal
wages Of no nconsiderable value.
James NJ Hodges Secretary OF the Star Insurance
Company, returned yesterday morning from Boston,
and reports that great many goods we're taken to
places Of safety before the FIRE reached the buildings
containing them. Tie value Of property thus saved can
only be guessed at yet, but Mr. Hodges thinks II VIII
prove to be very large 1t Is also thought that the deep
cellars and subcears under the warehouses in PEARL
Summer Federal Congress, and Mksts viii be found 70
contain q great many goods in only partially damaged
condition. Boston differed greatly from chicago IN us
construction, the latter being entirely ABOVE grouhu III
the sucears the goods usually slowed as closely as
possible and under the most favorable circumstances
the fire could make but little progress among the COM
pact bales and boxes When the walls fell mits thought
that the fire would be extiDguished entirely IL Is
thought that the salvage in WOOL leather, and hardware
will be found TO be very great, and that there VIII De
ne in dry goods.
As yet only two New-Yorki insurance companies have
closed business. Yesterday an application was mace
Chambers. for injunction restraining the interna-
UVpa"J r'v" t'ahse, tins any f 'he
business until the further order OF the Court and Tor the
appointment Of receiver to wind up the affairs OF the
Company Toe Company has capital OF 100000, divided
into 900 shares of $50 eaeh that 1t has invested $4,000
in real estate at No. 179 Broadway where the Com
panys office is situated and that it claims 10 have
surplus fund of about $4,000 The application for an
Injunction and was made on behalf OF Reuben
W. Ropes, one OF the stockholders, who alleges that
nnafnn
fire 10 the extent OF at least 100000, and
that 10 will be for the interest of the stock
holders and creditors Of the Company TO have
lis affairs wound up possible. The applica-
ton was granted and Mr. Jarvis Slade was appointed
rec liver, filing bond In 100000.
The Humboldt Insurance Company has transacted no
business since the fire. At previous meeting of the
directors however II was decided 10 place the afrslof
the Company in the hands OF receiver, and Mr.. John
Comerdon OF the firm Of Dolner Potter C0., was SO.
ected as the receiver There were two elements sry-
ing for the receivershp, but MT John Comerdon signed
his bonds In advance of Mr. sade and is in possession
OF the Company's books and papers Their Boston
losses If they prove to be total will not exceed 800 co.
while the assets s06511 Accounts of the fire were
Yesterday received by the Company and its affairs were
placed in the hands Of a receiver.
Tie officers OF the Merket Insurance Company have re-
ceived no definite information as to the Companys
losses Their risks in the burned district are about
d.
Tie canal Is 100000 aud the surplus $1,000 The di
rectors in doubt yesterday what action 10 aKe 10
stockholders.
Tue officers OF the Lamar Insurance Company refused
10 ma Ike any statement 10 TRIBUNE reporter or their
Boston Liabilities probable losses They professed to
be ignorant Of the amount OF their Boston risks or how
much they had ia the burned district The President
said however that the Company could pay all its LA
bes and stll have large part OF It's capital app left
held Boston risks last year exceeding N,OOoOoo' It's
The oa,ers OF tue Commerce Insurance Company were
also unable to give any information as 70 tneT risks or
Boston property exceeding SlOO0OoO. Their capital Is
S1O000O. -, ..... ,.noa
oer nj IN Boston, ifs losses admitted TO he heavy
Tie officers say that the liabilities will DC promptly met
surprise is everywhere felt that the losses Of NewYo
companies are 90 much lighter than was at first
feared. A TRIBUNE reporter talked with the officers
al a Irgs number companies, Who gave the following
explanation: New-Ensand people arepeeuiar for their
YoI companies have found It difficult to eject nsur
anees IN Boston IL vas see O sSt tb SeS
could get. The President OF tue Metropolitan, ON the
do. o "A large business in Boston, but had Voluntarily
Withdrawn and Cancelled the policies on account OF the
low rates which prevailed, aud his fear OF Mansard
ioofs NJ l. Illlni briggs Of the Wilamsburgh City, i
also SAID that he had Withdrawn policies on Boston
property dufiug the past year, enough 70 make PIE
foot Lgn lie h. influenced no said solely by tho
low rates. II all the WitbdraNh policies had zen III
at the time OF the ire, the company Woud nave
Information nom New England companies is vague
gone down. rs Stockholders last year put up 10000 10
make good the Chicago losses, aud the New-1OrS agent
thnKs they viii Ne unwilling 20 repeat the operation.
Tue Prescott OF Boston has put the necessary cap
tai, and will 10 on.
1be agent OF tho Bangor, Me- has received dispatch:
" AlI night. Go ahead with care" ~
1ne Atlantic OF Providence has teegraphed: All
right" but NO details have been received
The National OF Boston will pay "a per cent ON Its la
bilities.
lie Lawrence OF Bostop VIII pay so per cent
The Franklin of boston win pay Is per cent. AGA
The NarraSansett OF Providence teieSrapbs' ~ 20
ahead" but has sent 40 details.
agents the American at Boston can give no par
tlculars hut say that losses wl De PAID from the
surplus, leaving a surplus Of more than $4,000
OF the other Boston companies there Il Atie proba-
bnlty that many have escaped Destruction though Is
probable that many OF them will make up their eapit
aud continue 10 do business.
Boston correspondent yesterday. estimated the loss
of the Exchange Fire Insurance Company 0f this city n
$4,000 This was erroneousi the loss was correctly
stated In our list as $1,000.
Boston
The President has recognized Willoughby Her
.n.a-k Nt..aa aul Al Aaafsm