davidaulloa/AmericanStories huggingface dataset:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17
TWENTIETH YEAR.

Premiums received during the year end
ing December 80, 1871 including
terminated isbs of 1870. .......... $500, 325 20
The company have the following
ASSETS:
Cash ........................&5i ,68G 70
Bills receivable, loans
edge................-.. 1850 90
Bills receivable for pre-
miums. 9,758 IS
Outstanding accounts in
course of cOection..... Sc i31 5I-Sl4G.4ii O.
Real estate, No. 73 Camp street.......... $4,000
Bonds of the city of New Orleans. 3l6, 1886 Is
Bonds of the State of Louisiana ........ IS $50 90
Bonds of the ST. Charles Hotel Com
observation-disclosures. .............. C3o00 90
Bonds of the Grand Lodge F. A. Miles,. 5000 90
Bonds Of the Odd Fellows Hall Assoca-
ton. NEUTRALITY-SUSPICIOUS.. 5000 Gu
Bonds of the Mechanics and Aglicul-
tural Fair Association. 5000 90
Bank stocks. 65,0J0 90
Vallette Dry Dock Company stock...... 1900 90
Harbor Protection Company stock..... 1900 o.
Scrips of New Orleans insurance compa.
HES. ACKNOWLEDGEMENTS. 1897 GO
Suspended stock and bond account ..... 256 400 Il
Total. OBSERVATION-DISCLOSURES 1882 997 -
The Board of Trustees at meeting held this
nineteenth day of January, 1872, unanimously
adopted the following resolution:
Resolved, That SIX per cent interest or all out
standing certificates OF profits be paid to the Legal
holders of the and after the twelfth day OF
February next
ALFRED MOULTON, President
WILLIAM ~ PERKINS, Vice President
A. W. HUNTER, Secretary
Trustees-fS12.
A. MOULTON, WILLIAM n. PERKINS,
R. HARE, 81. KEITH,
B. NJ. HORRBLL, G. W. ROPER,
JOHN C. ROGERS, d. c. RANDALL
JOHN T. MOORE, WILLIAM F. TUT,
ADOLPH MEYER. fe8 I'm
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

Capital, 100000.
Assets. December 81. 1871, S694.j79 80.
Insures fire, narine and.river risks, dividing tie
profits each department separately 10 the in
sured.
For the accommodation of its customers, the
company will make marine losses payable in Lon.
don. J. TUYES, President.
J. ". HINGE, Secretary.
DIRECTORS.
George UrqulaIt, n. Payro,
c. T. Dugazon, Facide Forstaii,
g. W. BabcOck, aug. Reichard,
T. Bailly Blanchard, y Miltenberger
A. Schneider ". 3. Schmidt,
Charles Lafitte. J. Tuyes fe9 2mo
"OlIE MUTUAL
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

HOME MUTUAL
INSURANCE COMPANY
NEW ORLEANS.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

At meeting of the Board of Directors. held on
the fifteenth day of January, 1872 it was resolved
to declare dividend OF ONB HUNDRED PER CENT
on amount paid in, to be credited on the ninety per
cent Stock Notes of stockholders.
KASPAR AUCH, President
LorIs MATHIS, Secretary.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

the following gentlemen were elected Directors, to
serve the ensuing year:
kaspar Auch, John F. Kranz Louis Mathis,
j. H. Keller, Louis Faessel, Dr. S. S. Wood,
o. F. Theisman, B H. Scheme John Purcell
Hy. Bensel, IT,, J. H. Norton, August Bernard,
Philip Drumm, ". r. Fish, Robert Jackson,
Chas. Kummel, E II. Burton, Florence Pfster,
Alfred Shaw, Henry Rice, Christian Mehe,
L. L. Cheyalley, L. L. Levy, j. NJ. G. Parker,
Henry Ellerman.
And at a meeting of the Board, held on the fif.
teenth instant, KASPAR AUCH, Esq, was unani-
mously reelected President, ROBERT JACKSON,
ESQ.,, Vice President JOHN PURCELL, ESQ. In.
spector, and LOUIS MATHIS Secretary.
jal8 I'm LOUIS MATHIS Secretary.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

STATE OF LOUISIANA,
Parish of Orleans, City OF New Orleans.
Sworn to and subscribed before me, this seven
teenth day Of January 1872.
CHARLES A. MEYERS,
Sixth Justice of the Peace, Parish of Orleans
Louisiana
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

SfArR OF LOUISIANA, PARISH OF OELsANs
City of New Orlsaus I
sworn to and subscribed before me this twenty
arst day OF January, 1871.
ANDREW HERO, JK.,
Notary Public.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

The above statement is true and correct tran
script from the books Of the company.
KASPAR AUCH, President.
LOUIS MATHIS, Secretary.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17
INSURANCE.
+ AFAYETTE FIRE INSURANCE
MPANY

NEW OR l. Z ANS.
SECOND ANNUAL STATBMBNT-lS7l.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

OFFICERS:
y. T. PECKHAM, President
". T. HOOKER, Vice President.
L. MCADAM, Secretary and Actuary.
G. A. FREDRIKAR, Superintendent Of Agencies.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17
INSURANCE.
NEW ORLEANS MUTUAL INSURANCE
COMPANY.

Office, corner OF Camp and Canal streets.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

The boird OF directors have resolved to say s,x
per cent interest on the outstanding Certificate. a,
Profile, on and after the second Monday of Feb-n.
airy, 1911 also 6fty per cent on the balance of tba
scrlp OF the year 1883, payable on and after the
third Monday in March, 1871, and they have fur.
'heE declared dividend CT ten per cent on the
net earned Participating Premiums for the ve,.r
enalng i@oelnber 81, 1870 for which certificates
Will be Issued On and after the twentieth day Of
March aeyt
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

The above statement lie a just. true and correct
transcript from the books of the Company.
THOMAS sLoO, President
TEosAs ANpsRecS, Secretary
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

OFFIcE OF THE sun MUTUAL,
INSURANCE COMPANY
OF NEW ORLEANS,
Camp street..."........6l
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

GUARDIAN MUTUAL LIFE INSUR.
ANCE COMPANY eF NEW YORK.
Established n 1859.
ALL POLICIES NONFORFETpaBLE
CASH OR THIRD NOTE PREMIUMS.
NO NOTES REQUIRED.
Last Cnsh Dividend Fifty Per Cent.
Annual income ACKNOWLEDGEMENTS. 1000 900
Losses paid since Observation-Disclosures. 800 900
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

'ooHtn OF may. W. V. EVANS,
Second Justice of the Peaee.
lie Board of Trustees resolved to paw tuterest
al SIX per cent in cash all outstanding certif
Gates OF scrip, and also to pay in cash FIFTY PER
CENT of the Issue of 1885, to the legal holden.
thereof, On and after the frat Monday in Jrne
Text.
They have alss declared q scrip dividend OF
FIFTY PER CENT the earned premiums on.
tilted to participate, for the year ending April 40
1871, for which certificates win be issued ON and
after the first Monday in August next free of gov.
srlment tax.
THOMAS A. ADAMS, President.
G. T. BUDDECKB, Vice President
EEEBy V. OGDEN, Secretary.
TRUSTEES:
Thomas A. Adams Samuel E.,r.~
c. T. Buddecke, H. Folar
q. B. Newman, A. Thomson
E. G. ODER, John pbe,ns
o"ms' e. II. Summers,
g. Ai"er bso B. Nswgass,
J. J. 8aSrard my3l "
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

At the annual election, held on the ninth instant
the following gentlemen were elected Directors t.
Serve the ensuing YEAR
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-17

NEW ORLEANS MUTUAL
INSURANCE COMPANY.
OfIce Corner of Camp and Canal Streess,
ASSETS DEChM Der 81, 1870, $SGs,742 o.
lEsures fire, marine and river risks, dividing TIE
r-otts On each department separately to the tn.
sLIed. TUYES, Presideu.-
). ". E:EoKs, Secretary.
The true northerner., 1872-11-08

not come, and which is probably damp,
or else kept in large rooms, with low
ceilings and small windows, and in which
light and air are not allowed to come,
aud in which he is packed together with
sseveral hundred of his fellows, almost as
closely as they can stand together, up to
his knees in half.rotten straw. and with
fermeDting manure all around him.
The result is that, as any one may ascer-
tain for himself, the stencil of these
places when the doors are opened in the
morning is almost iusupportable; and
it is as certain as anything can be tina,
the constitution of horse which passes
many nights in them rapidly gives way,
and he dies but he is set down in the
books as having been worn OUT by
hard work The fact is, he dies Of foul
air and darkness aud dirt-dies, in short,
for want of the ordinary conditions Of
healthful animal life. If, instead of dy.
ing in this way singly, horses should
nov any day take it into their heads to
fall sick by the hundred, and die of an
equine black DEATH" it would serve us
right. We could not Justly complain
of il.
The condition OF the horse among us
is disgrace to our civilization. The
manner in which We permit him to be
used by our car companies for local trans.
portaton, the pavements with which We
supply him to do his work upon, and
the dens in which we allow him to be
lodged are worthy of the Dark Ages
Our indifference to these things is like
the indifference shown about the physic
al condition of workingmen the result
may not be one which will rouse our
sympathy or our Tears, as the great hu
man pestilences once did, bat it may be
one from which our manufactures, aud
commerce, and social lic would suffer
terribly We tolerate III this city about
dozen great horse c,go@,ii0, every one
of which not only dlsgraces Us rs IA civ
ili1ed community. but as a community
which makes a pretense of knowing
something of sanitary science; and the
only excuse We offer for ii is that the
victims of these places arc merely "pri
vate property" We now see that they
are not simply private property; they
are wheels IN our great social machine,
the stoppage Of which means widespread
injury to all classes and conditions of
persons, iujury to commerce, to agricul
ture, to trade, to social life; and that
the sanitary inspection of horses and
their dwellings during their life is just
as necessary as sanitary arrangements
for the removal of their bodies after
death in every we'll regulated community.
The true northerner., 1872-11-08
OHf III "ReNf
REUBEN WIGHT
CHESTER, October, l., 1872
EcOnOmH.

There is nothing like poverty to make
people economical. English farmers and
German farmers would grow rich out OF
our reckless waStefulDess While land
is cheap aud labor is high priced, We dc
not expect to zee the rigid economy prac.
tced which in Europe is a necessity
And yet We have no doubt that it would
be greatly to our advantage to economist
in some things where we are now wicked.
ly wasteful. In conversation with an
intelligent English farmer from Berk-
shire, be expressed the greatest surprise
at the sight of the immense straw piles,
left to rot down in the fields, which he
saw everywhere in the Western States.
" Why don't the farmers feed this straw"
he asked. Why, you see, help is scarce,
and corn is plenty, We replied, The
straw would have to be cut and no boGy
haS the time to do it. "Ah," he an
swerd, but you see a.; the labor Of ot
growing that straw, harvesting it, stack
ing, threshing, stacking again-which
.dst operation requires several hands
all thi. labor is about lost, and it seems
to nc, as an English farmer, that | could
make money by adding a little more
labor to what has already been applied,
cut il UP by machinery and feed i, dur
ng your cold winters. And mere Is
where | should use your cheap Indian
corn Grind it aud mix meal with this
cut straw" As we were on the defense
and speaking for Western farmers, il
could not be expected that we should
fall IN with that easily arranged econ
omy. SO We said %, that would be a
2reat bother. Yes, but you see be
continued, how much manure one OF
these hugh piles of straw would make
and if fed with meal, it would be the
richest kind, and would about double
the crop it should be applied to-" Well
yes, that may be, but you know it is a
horrible job to haul it out. By putting
torch into these straw piles, away they
20 and are done with III an hour, We
answered. " O. said he, " that Is Amer
lean economy, ! suppose it would not
do for us, at home. All our energies
are first bent to enrich the land, anC
while We cxpend thousands of dollars tC
purchase manure, American farmers
don't save, or apply what they make on
their farms
The true northerner., 1872-11-08
Position 0F the Horse ia .H0dsrR
SOciGtys
From the Nation. I

light Is as necessary to horse 5
health as 10 that of man, and yet near
Iy all cur horses live, dxcept duriog
their few hours Of work out Of doors,
often in tue case Of the city horse not
over two or three, almost in complete
darkness. In the best and most COM
modious city stables they have nothing
more than a twilight Moreover the
lungs of the horse are just like those OF
man-only larger their functions are
precisely the same; the contact of oxy-
gen with his blood is just az necessary
for the preservation OF his health and
strength nevertheless, nearly all our
stables are built and regulated upparently
on the theory that the horse does not
need fresh air at all. The windows are
small, and are either not made to open,
or are never opened. There are, in the
case of horses kept for pleasure, and OF
horses KEEP in the country, mitigations
of their lot which we need not point
out; but in the city the working horse is
treated worse than a steam engine or
sewing machine. He is almost invariably
if his owner be poor, shut up during six
teen hours out of the twenty.four in a
small, noisome den, every plank and
beam III which is impregnated with foul
exhalatious, aud which probably stands
in fetid allsy or behind filthy yard,
II he belongs to one OF the great cal
companies, or omnibus companies, oi
iivery.stablc keepers, he is either i'm
INJURED in cellar several feet below the
ground. luty which the li.ht aud cir cau.
The true northerner., 1872-11-08

In Michigan and IN nearly all the other States.
We have, and now offer for sale, some Of the
hest tracts is the State. and our list embraces
more land than was held by the st. Mary's
Falls Ship Canal Company. 9l6.
CAAs. NOBLE, GEo. \. Frost. CHAs. w. NOBLE
The true northerner., 1872-11-08

popular vote for him will be over $780,.
900, aud his majority will be over 65O,-
Ou0-a larger vote and a larger major
ity than was ever before received by a
Presidential candidate. The triumph is
the most complete tina. has been known
since the days of Madison aud Monroe. .
The true northerner., 1872-11-08

The entire county ticket is elected
notwithstanding the strenuous efforts
ci' our opponents to defeat our Judge of
Probate, Sheriff and Representative
sSlanderous circulars, misrepresentation
sad falsehoods were circulated ad-lib-
itgm, ad.nauseum, but it was of no
avail. The victory is the most complete
ever won in the county.
The true northerner., 1872-11-08

As we 90 to press partial returns in
dicate that the majority for Grant ii
this County is over 1900. Captain
Burrows will have 1000 majority i
spite of the efforts of the coalitionist'
who were ready to trade anybody fo
Potter. Blackman Is elected Repre
sentative iu the lst District notwilh
standing the opposition Of the Decatur
Republican. His majority is upwards
of 200.
On the general ticket the iollown {
raturpu bavo kaan raooiva1
The true northerner., 1872-11-08
GEO. y. EwOsT A CO..
PINE AND FARMING LAND

Old Canal Co. Land once, I0s GrIswold st. L
The true northerner., 1872-11-08
HICKsON A. MYERS,

81 MONR OE AVENUE,
Call attention to their facilities for msnufactu-
ring MIRROR AND PICTURE FRANKS |!
Aud at prices lower than any other firm in the
market. g. They have also good sssort-
ment Of Cbromos, Engravings and Litbograph
Pictures. Special attention paid to Onamen-
tai Gliding and Regildipg. full stock Of
Oval, Square, Gilt aud Black Waltut Frames,
&c, on hand.
The true northerner., 1872-11-08
&. sCMULENBgRG,
Billiard Table Manufacture

With Delapy's Patent Steel Wire Cushions.
Universally Acknowledge best in Use.
9s, 100 and 1O2 Randolph Street, Detroit Michl-
gan. 916.
The true northerner., 1872-11-08
Ths Farmers Shop.

No reasonable farmer will question
he importance of having shop and
tools, especially if he has boys to bring
up. Boys will be busy, aud if oppor-
tuuity is not given for full employ
ment of their time, either at work or
sport at home, they will seek diversions
abroad, w.ich will not usually result
profitably. How many farmers We find
who have not the ingenuity to repair
milking stool, when thew were brought
up on a farm. Why is it? Some may
say that they have no ingenuity; but L
think it is mistaken notion, Had they
been brought up to use tools, or 1t they
could have had access to them for the
purpose of constructing their toys. carts,
sleighs, etc they would, without doubt,
when older, have been competent to keep
their farming tools in repair, at least
BY having a small shop and few tools
bows acquire the habit OF using tools,
which is of inca culable advantage TO
them in after years.
REUBEN WIGHT.
CHESTER, October, II, 1872
This is important and too true to ad-
nit of doubt. We have known farm
ers who could not bore hole through
an inch. board straight; and so utterly
incompetent to use tools, that they could
not repair pigpen Furnish tools for
the hoys if they happen to break, dull,
or lose one now and then, that is casualty
not worth considering in comparison
with the lifelong advantage which a
little knowledge of the use of mechanical
tools affords. Detroit Tribune
The true northerner., 1872-11-08
tyOIE.lils WORK -,

All kinds Of Boiler and Sheet Iron work done
to order on short notice. All Boilers tested
previous to leaving the shop. Competent men
kept to do repairs. Tubes taken out, pieced
and reset. Old Boilers and Tubes Bought or
taxed IN Exchange.
y. 4. a. HRcesHkE(sOR.
1873 Atwater st. 9l6m6 DETROIT.
The true northerner., 1872-11-08

Tex following table gives the poular
maj,vities in each State, according to
tho la,est returns received
The weekly Arizona miner., 1872-05-11
Mail Service Wanted.

The Los Angeles Mers and the San Der nardino Gudrdian are waking up to the ne- cessity oi mail service between those points ana "ailapai mining district, in Arizona, ana an are clamorous for mail communication. we nave, for years, urged that mail service IS much needed from Albuquerque, ria Pres Gott, Hardyville and Mohave City, to San bernardino. Such service, if now put on, would pass through the growing mining camps Tn Mohave county. and accommodate 2,oo0 souls in Northern Arizona, as well as tend to increase our population No commit nity like that in the Wallapai mines will long remain quiet when deprived of all com munlcation by mail, and the miners are now there in force to insist on reasonable mail facilities as their right, and oi course will soon receive them.
The weekly Arizona miner., 1872-05-11
Personal, Etc

..-bq- gone to Camp Verde 10 attend to ,..- establishment of C. P Head & Co, a if for which Joseph posscsscs special qual-
 Briin.s and fir, Grubb arrived hero e.. Prrruix. ss- River valley, early the f7 rrrt. Nr U. has recently returned
 so Fan.isc0 Nr. c. bas, since leaving i.- r,-iforv a couple o' years ago, visited i-- t~51ia and several other States. We like l..-.'--,.tfsfgcn and we're, of cougse, pleased at ,-e. tlcn bcfe-
 r.l,a John A. Rush started for Pbgnix, last ID attend Iae session of tbe District Court. g Cr-t-s. Of the Benjamin Mining Compa- h.s rome Co San Francisco. on business for .s Company
 DeIaad. of good mining notoricty, has gone ,--.ta san Francisco. The company of which d. qrfaal is member will, we ihnk, soon -.,, rpsratous u gLis vicinity.
 u,- stau,ds'd re.gruel here recently, from ....,reYgb California, Utah and Nevada. He rom Pigeae to Prescott in eight days, -...bi issr.! Co be very fast time Moruons, he ..,. .r. building ai,rJaJ towards Arizona with -rl. 'rl.
 ssef,l q. Q. Howard, Rev. F. P Smith, Dr. H. r.rs.llrd Iieu.euant }obu BOurke arrived here Tg,.lsvaftcrno1u from southern Arizona. rb.f.I,y left ihcr vehicles at Skull Valley and .,-,s on horseback, et1 Che trail. They were cs- .ral jr some cayaIrymeu.
 Ii-a.,uaa, Ross and II. Hewitt, arrived Thurs a. m0rung.
The weekly Arizona miner., 1872-05-11
ARIZONA.

Although We very much dislike to be everlast- ingly filling our newspaper house with mourning, the circumstances of our case demand the re- production of the following mournful vail and "o'er true tale" which we find in the San Fran cisco Alto, of April 27, under the head, "Arizona' "Ere this time of the morn church bells in dear
 old Maine have toled
 The sacred hour for worship and for prayer; And travellers to that city whose streets arc pavea
 with gold
 Have felt, in spirit, they were almost there. "B But here the Sabbath morn breaks on us in the
 arid wilds
 Of Arizouas parched and thirsty plains. 1.-The prize we seek is gold, and all our earnest
 worship is our child's.
 We only live and toll for earthly gains "Harkl what internal sound is that? What sum-
 mons greets the car?
 It is the voice of death in savage yell, Plunging the souls impulse into that agonizng
 fear,
 Sinners must feel upon the verge of hell. "Thc blow of the tomahawk, the plunge of knifs'
 the warm blood flow,
 The stifed scream of infant and Of wife, The rip and jerk of cinging scalp the painful
 writhng throc-
 Quick whirls the brain and torture ends thelifc. "Rug on ye doleful bells of Mainc on each old
 
 Wave on "proud flag" upon the nations dome, Without the Church's blessing and beneath the
 nations power. We fall and die within our humble home." His home his Arizona home-frebrands did blaze
 and die
 All that once loyal heart did clate Stands no more; no, no more; all that's left in
 ashes lie,
 And all that cheerful bloomed is desolate. There comes a stced, Arizona-to end thy many
 ills
 With heart of fire and lungs of pent up steam, To traverse thy broad plains and scream among
 thy silver hills.
 And make the gloomy past seem but dream There comes band of hcarry men-not with an
 army's tread Who will unlock thy tesming wilderness, Meet the painted demons in the strife ana aVense
 your dead, ,u While the "proud nation " rests in idieness;
The weekly Arizona miner., 1872-05-11
Government Saw-Mill

ile iastita,iou known as The Government S".m.'l situate on Groom Creek about7 miles south from Prescott Besides the saw -ui proper, nt-onaa uu our recent visit, 8 blaming machine, '-us.e machine md stcamtanN in which freshly @Su boards lrr subjected to a treatment which, !" short time, takes out sap pitch, etc, leaving >i2 boards dry as a bone and entirely free from Niea, etc Ny4r tAc m,ll are comfortable quar- 'e's io .he W0rhmcn. stables, etc, for the ami '-i'. Iwcnty-ciEAt soldiers and seven citizens ,,' e employ oi ia tse various departments, under 1aiip Richardson, who is an invaluable mar 10 H'Ftnmeut and who informed us that the mill .--niShed lpmbcr and shingles to almost every .aLiary post in the Territory, and was then send ..g as high as 59,0o0 fee, per day, to Fort Whip i'N "i'eh was being us-i almost as fast as it .'~oied there, in the buildings which Mir. Cornell erecting for ths officers Gf headquarters.
The weekly Arizona miner., 1872-05-11
Spring Fever.

from earliest childhood, we have had free swing at the above-named disease, and the only wonder Is that it has not anuibiatcd ono . ..-' 70 poking-along slowly as we have been sr;sh Io oe ana would be were it not for the moral ,nr. pitude of some people whose souls wa wish .o save rom eternal mummifcation upon this @ earth ana Tn gasnght performances in the other world our hands, head and heart Tiff we have a ,,ear1 nsa crowded @ with slothful desire to do pothing 1alk to no one and to bc general nuisance. ever since the coming of Spring, and the effort upon oui O'ii par', to set good example to our fellow. s.lIens e wno smoke and chew "the cud"--of to. s ossee1,-ooth oi which unnecessary, and unprofit. able habits we have been trying to discard Pw,I, rather poor success. far, but with the set nmr. pose to commence both again, if our mower of resistance is as weak as We now think it is.