, 1872-12-11
THE GERMANIA,
Third General Meeting Of the Creditors
Of the Bankrupt Concern.
i Dividend Of One and Three-Fourths Fer Cent
Ect1ared.-The Creditors Do kot Like
to Haro Their Honey in
Stanlm0u's Hands.

Iae creQ1tofB OF Tue 0eIuania INSURANCE
Company, a bankrupt, met at 2 P. m. yesterday,
it being the third general meeting, to hear the
report Of the Assignee and declare dividend.
Mr. Register Hibbard presided.
Mr. William Vocke, the Assignee, reported the
following condition OF affairs:
Total Total Upon Upon proofs Of loss fled with Com w.
Sine; ; meeting nc ting of Creditors heid june H.
1872, Claims have been fled with tho As
signee amounting to-. 1e2,944.8a
Total claims filed to date. $, ,o75, ,e7s.71
Total amount Of claims allowed and adj
justed to date. o., TIC
to Assigned. se4 475. so
time to receive frgt dividend. 16o, 500 o1
Aggregate on which first dividend Of PEE
we're drawn sss ore 90
proven before the Register, but not , in
time for first dividend though entitled
to the sa1e), claims amounting to...... 4o,e67.sa
S 1fed to: dividend. 2,sas,ssse4
paid On above ........................ 58,77sse
as the total cash value Of aEsets, specify
OF M WHhich ii thele i.d then been converted py
him snd deposited in bank-cazh...... ss,6s1.oa
Since said meeting tho Assignee has col
Total assots nov in litigation. l20,s91 90
Total amount Of offsets allowed........- C,405.0o
Total amount Of Assets not converted or
Total amount Of moneys disbarsed to d-te 53979.6I
Total amount Of cash on baud. .......-... 55,339.55
Mr.. HaddocE moved that dividend Of per
cent be declared. Tho money would come in
quick enough to pay it. He commended the
spirit Of the Assignee, and would Like to see 8
good dividend.
TIE Register said the nominal amount in bank
was over $40 C00 but over Sl3, 600 of that WAS in
checks, which might be called for at any time.
The actual amount ofcash on hand was 557, $780,
IS, and that would baIsly pay ~ per cent, and
besides, thero were 100000 worth Of policies
outstanding.
cent, and hoped they would.
The Register thought ~ per cent safer
dividend.
Mr. Silvernan said that tho bank in which the
money was deposited had Of late borne q dis
reputable character. He was afrni9 tho money
would bo lost. Ho VAS afraid of Scammon.
lIr. Daniel Wiley-"I. for one, don't want to
have one cent Of my money IN the hands Of such
man as Scammon."
A mnn inquired Of the Assignee if he or any
one else received interest on the money.
Mr. Vocke replied that he mover received e
cent Of interest, and did not know Of any one
else who had.
Mr.. Haddock did not understand why 60 much
insurance money Was deposited in that bank.
There vas some 5000, 900, the assets of another
company, in the same institution. He could not
understand it Mt all. Why could not.the As
signee make arrangements With some bank that
would allow interest? There were many banks
which would be glad to pay per cent and up
wards.
The Register announced that the Assignee had
no control over that matter, nor the creditors
either.
liz. Vocke stated that he had received instruc-
tions from the Court, and obeyed them.
The Register remarked that he received his
instructions from the same source.
Mr. Wiley said that during the late campaign
it was stated that 4. G. Hesing promised to pay
$4,000, tho amount he owed the Company,
without suit. He would like to hear some
thing from the Assignee about that.
Mr. Vocke answered that, according to the in
structions Of Judge Blodgett, lie had demanded
the money from Mr. Hesing, as from the other
debtors OF the Company. He had asked them
in person. They would find Hesing's name
among those who we're sued.
The Register continued OF the opinion that 8
dividend OF ~ per cent would be large enough.
ing that could be presented at any time up to
tho final settlement, and sufficient assets should
be reserved to pay those claimants, if they ap-
peared, the same dividend as the other cred
itors.
Mr. Grossheim believed it would bo impossi-
ble to prove even 3400 900 Of those claims.
Alr. 4. B. johnson did not want to have their
money lying in bank.
Mr. seeloman would rather hnve per cent
now than wait for two years, during which the
assets would be unproductive to them.
After some further discussion the Register
declared a dividend of ~ per cent, payable in
Il days.
The report OF the Assignee was approved,
The meeting then adjourned.