Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-12

OFFICIAL STATEMENT OF LOSSES.
I Knots OF people assembled on the streets to
] day conversing upon the disaster 10 Boston
| and general expressions OF sympathy were
] heard everywhere.
All the Insurance companies have bulle
/ tined statement OF their losses and standing
1 OF which the annexed IS q COPY:
! .Etna, OF Hartford, loss less than 81 10000
assets SO zoo; Relief, Of New York, loss $50.
| 90, capital unimpaired; Williamsburg City,
los $4,000 assets S559 900 Resolute, loss $4,000
Commercial, loss $4,000, assets S340,OO0; Co
sl5o,0oo, assets $4,000 Mechanics, loss 5000
/ Flremen's, loss 5000 Lafayette, loss $4,000
Ph9nix, loss $4,000, assets s2.oa2lgl AdEi-
sSls, loss Sss9 ooo assets sSOos9 400 an ~.
Liverpool London and Globe, los
sa09,oe1. This company received a dispatch
from London % pay the losses and draw on
OF Liverpool and London, is about 100000 the
Hopes loss about 5000; the loss Of the Cen
tral, OF St Louis, IS about sl5,O0O the Farmers
Mutual OF York, Pennsylvania, Joss, 5000 ;the
Pennsylvania Underwriters, loss, $1,000
American, loss, 10000, assets, 81, 900; Lon
loss, $4,000 assets, 81 250o0Q; Globe, los, $50,
90; Orient, loss, $1,000; National, loss, Sl50,-
900; Exchange, los, slS,eoo; Htna, Of New
$4,000, assets, si55,GOO; ST. Nichols. loss,
Sl5,000; National, loss, Sl20.O00 assets
$4,000; Lorillard unimpaiTed. Il Is stated
that the only insurance companies here
which have suspended are the International
Relief, the Corn Exchange, and the Hum
bOldt.
The following additional cornpanies have
announced their losses: Alps, 5000; Home, Of
Ohio, $500; German American has risks OF
Sl520o; Gebhard loss, $3.50, National. OF Hart
ford, $40 600; Standard, $4,000; United States,
$500; Market, $4,000; Mechanics a Traders
5000; Pacific, $1,000; Peoples 5000; Relief,
5000 Royal Liverpool and London,
he Boston Insurance Companies will be
able TO pay an average Of about nifty per cent.
on their risks. Capitalists are coming forward
literally with offers Of funds, and there are
some prospects Of their going on without sus-
pension. Their average losses are in the
neighborhcod OF i've hundred thousand dol
lars, two or three reaching nine hundred thou
sand dollars. The Savings banks are all Sc
cure The EUeniag TrGHscFipt will appe 2 to-
ay;fprinted in the Globe ofice.
ADDITIONAL FACTS.
The Spectator an insurance newspaper, in
summing up the losses by the fire In Boston,
gives the following facts: The Firemen's
Fund Company OF san Francisco, loss, $4,000;
Alps, OF New York, loss, $500; The Fair
Geld County, $4,000; the Exchange, $1,000;
Cfrzens's, $40 zoo. The star Insurance Will
not exhaust its surplus. The Arctic loses so
900; the Phoenix, Of Brooklyn, loses $4,000;
Manhattan, Of this city. $1,000; ResOlute,
$4,000. The North British and Mercantile
year ago had nearly S6000,O00 risks in Boston.
The Commercial, Of this city will not exhaust
public companies viii Continue their bust
ness. The Howard company has no losses.
The Spectator says the disaster 10 insurance
companies does not warrant the great appre-
hensiOn felt as 70 its consequences. The ma
jority OF risks are believed TO be in local COM
among very large number Of offices. The
majority Of New York and other companies
outside Of Boston will Withstand the shock,
including the companies doing business In
Boston in other States, and those OF that city.
"There are" says the Spectator, "lL cOmps-
nies affected by the IRE, their assets amount
ing 70 Sl53 - ;l55 The Spectator estimates that
the insurance loss by the Boston fire will
amount 70 Sl00o00,0O0. The district burned Is
much smaller than that destroyed al Chicago,
but the contents are Of greater value per
block. The loss Will fall heaviest on the Bos-
ton companies, the greater part OF which con-
nne their business entirely 10 that section.
The leading companies may be expected 70
stand, with few II any exceptions.
The Spectator furnishes the following In
formation as to fire insurance companies:
.. Nearly every Boston company has gone.
The Albany, American, Metropolitan, safe
guard, Manufacturers and Builders, OF New
York, and American, Chicago, North Mis-
souri,, Northwestern and National, lose moth
ing. The Continental, Of New York, not over
half 8 million; Hanover, $4,000; Imperial,
S550iO00; North British, Sl,000O00; American,
OF Philadelphia and PennsylYaniar S550-O0O
each; Franklin, Of Philadelphia, $4,000;
Guardian, OF New York, 5000; Amazon and
$4,000 each; Atlantic, Of Brooklyn,
so ,0O6; Washington, Of New York, viii lose
its surplus; MOntauk, 5000; Merchants, Of
New York, 5000; Stuyvesant, nothing; In
Iernatlonal, Of , New 1oEk, SyS,JoOi Home, Of
VIII lose heavily without excep-
ton"
The SDeetator furnishes the following relia- |
Bile list of losses: American, New York, So /
90; American Exchange, $1,000; Arctic, Sl0, /
90; Black River, $500; Brewers and Mails I
ters, 5000; Capital City, none; Citizens 1
New York, S350,000; City Of New Yor K, $780, /
90; Clinton, $4,000; Columbia $4,000; Com /
mercial, SO 900; Eagle, none; Gebhard, S22,- /
500; German American, 100000; Germania, /
sg75O0O: Glens Falls, 5000; Greenwich. 1
81, 900; Hamilton, none; Hanover, $4,000; /
Howard, none; International, S3O0,00l; Jeffer- /
booker, none; Lafayette, 5000; Long Island, /
none; Iorillard, $4,000; Market, $4,000; Mar |
haitian, $4,000; Mechanics, 5000; Mechanics /
and Traders, $500; Nassau, none; New York /
si5.000; Relief, $4,000; Rutgers none; stand 1
ard, s7 900; star, Sl5e 900; United States, $500
on s5a l6be Si Il si was wxSI1i 8Stb LO Of
New York, $4,000: Farragut, $4,000; Com
merce, $4,000; Firemen's, Sl22O00i Republic, |
s11O,0oo; IInporters' and Traders, 5000: St /
$1,000; Westchester, $4,000; North 1
River, nothing; Park, nothing; Mauufactu- l
rers and Builders nothing; Lamar heavy; /
Exchange, $1,000; American Central, $4,000; 1
Farmers, Of York, 5000; Lancaster, nothing |
Underwriters, $500; Niagara, /
not over $4,000 Springfield, s25c,000; Trades
Commerce, Of Albany, $1,000; Merchants, /
Of Newark, nothing; Alps, $1,000; New /
|, y o. ork < and 1onkers, 5000; Ian an eaSnire 5s
tional, New York, sl40000; Firemen's Trust 1
5000; Amazon, $4,000; Triumph 5000; st. |
Paul tlrc ana Marine. t1uyulNs r rankin. OF l
$4,000: Girard, S5OO00; Globe, !
$1,000; Aontsuk, $500; Etna, OF Hartford, I
$4,000 Hartford, $4,000 Connecticut, |
80 900; Orient, $4,000; National, Of Hart !
ford, $4,000; Phoenix, OF Hartford, $4,000. l
All the Providence companies say they viii !
come out straight The American and Mercan- !
tile. OF Boston, will 20 on. but the BoylstOn
must stop. The New jersey companies lose
but trihing amounts. The Continental Insur-
snce company, Of New York, has asse S
to over two million dollars; II Its
entire amount at risk l. a tOtat loss, one-half /
OF its surplus will pay 10.
tits known that the United State Treasury
viii aid the money market If necessary By ]
sailing gold and buyinn bonds.