Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-02-05

icSuidi dnuudl uicGtlHS Vi lLc fAicAaLldild tu-
surance Co. was held thismorning in the room $
Of the Commercial Exchange. p. b. Hooe was
called to the chair and Morton Marye appoint,
ed secretary.
The President, B. Wheat, presented on be-
half of the Board of Directors the following re-
port of the operations of the company from
April 18th, 1871, the date Of its organization,
to January 3lst, 1872:
To the Stockholders Of the Alexandria Insurance
Company:
The President and Directors take pleasure in
submitting the report Of their operations to the
present time, together with the Statement of the
Secretary attached and, in doing SO, would re-
turn thanks to their friends for their liberal pat
ronage.
The receipts of the company might have been
largely increased but the Directors thought il
prudent to avoid all risks which might be called
extra hazardous.
From the statement of the Secretary it will be
perceived that the net earnings of the company
amount to about 40 per cent on the cash capital
paid in, and no good reason exists that, with
prudent management, the business OF the COM
pany should not be largely increased.
With this view, the Secretary is now IN cor
respundence with gentlemen in many OF the sur
rounding counties for the purpose of establish
ing agencies and increasing the business. ;,
We see no reason why this company should
not be sustained at home, and the large amount
of money which is annually drawn from us ana
goes to enrich foreign companies and cities be
kept here and invested i'll our midst, =,
We notice that the attention OF the Maryland
Legislature has been called to the very large
amount of capital which is annually drawn from
the State in premiums, and II bill has been III,
troduced to encourage home companies anu
compel all foreign companies To invest III State
or city bonds.
Why, therefore, should we not endcavor to
build up our own city by encouraging home M
stitutions?
The fact exists that since The Chicago fire many
persons are unwilling to insure except In COM
panies having u very large capital or surplus.
In order therefore to inspire greater confidence
in our company, it is absolutely necessary that
we should increase our capital. s,
We would therefore earnestly recommend ana
urge upon the stockholders u lncrca>" or double
their subscriptions, and also invite all citizens Ia
take stock, and thus insure the success OF the
company which has been started under the most
hattering circumstances.
We would also ask that citizEnS having p"iicirs
about to expire, if not willing L" insure ail.
would divide and give lis Il part, and thus hrip
to sustain Us.
We cannot close this report without bearing
testimony to the zeal and energy displayed b.
our Secretary. Col. NJ. Maryr. in the discharge
of his duties and his efforts u build up and ud-
vance the prosperity of the company.
Respectfully, Is. WHEAT, lfeSioclIt'
The Secretary's report, accompanying that
Of the President, showed that the earnings OF
the company, after paying all expenses aud
losses, were S2,3lS.tiS, out ot which a dividend
of ten per cent upon the paid up capital had
been declared, payable ON the LIST prrxlmo.
The report and accompanying papers were
adopted and referred to Il committed consisting
of George \. Worthington, John ". Greene,
and DIR. ID. NJ. French.
The following named gentlemen were re
elected Directors for the ensuing year: Is.
Wheat, NJ. u. CorSc. j. 3. Slu"ot, William
Cogan, G. II. Robinson, T. \. Reed, and j..
S. Leadbcatcr.
A committee consisting of J.. B. Smoot, +.
S. Leadbeatnr. and VIM. C"gan was appointed
to solicit additional subscriptions 10 the capital
stock ofthc company. The meeting then All
jourucd.
4. considerable amount of additional stock
was subscribed for Iy those present.
COMMERCIAL EXCHANGE. The members
of the Alexandria Commcrria! Exchange met
for the first time for the regular transact on II
business in their new rooms this morning. The
President. George Washington, was IN the
chair, and John ". Greene acted as Secretary:
1t was determined that Il valuation be aSse>$cd
upon the tables in the room, and that the posi-
tons occupied by the tables DC sold by auction
to the highest bidder on the l2th inst. The
following new names We're added to the hist OF
members of the Exchange :--.amieson y
Collins, YIN. Cogan, Alexandria Insurance
Company, +. j. Miller, Wise Il Co., Z. T..
Smoot & Son. Ii. Bryant. H.. ). Lcadbea'er
Il Bro, Emanuel Francis, Wilmer S!ayn'ak-
er, J.. Brodcrs & Co., Burke Il Herbert
and W. d. Corse 4 Go. The brSt
sale of wheat made at the new rooms OF
the Exchange was effected by .McsSrS, l1ooe'
Wedderburn l. Go. 1t was that OF the crop
raised on the farm Of Major W. u. Corse' III
Fauquier, consisting OF 500 bushels CHOICE am
Der, and was purchased by Mes>rs' W. h'-
bridge & Co., for IN Eastern market.
CHICKEN 1'ulEF.-EIijah StauSall, Il co!ored
man, arrested yestcrdayin Arlington Township,
for stealing chickens from Mr.. Scptimus Brown
of that township, was brought here tins morn
ing under a commitment from Justice Henry
Il. Jones, and locked up in Jail, to await an
examination at the next term OF the court.
CATHOLIC BENEFICIAL S~oCIETY.--A regular
meeting of the Alexandria Catholic Beneficial
Society was held last night, but no business OF
general interest was transacted. The commit
tee heretofore appointed to prepare resolutions
respecting the death of the late Bishop .McVll
will report at the next meeting.
DEEDS AND MARRIAGEs.-Eightd deeds We're
recorded To-. and FIVE marriage licenses issued
from, the Office of the clerk of the County
Court during the mouth of January. During
the same period tweuty-tour deeds were re-,
corded in, and nine marriage licenses Issued
from the Office Of the Clerk of the Corporation
Court. /.
HORSE INJuRED.-A sleigh belonging to
Mr.. Winfield Watkins, and driven by that gen
tleman, broke down near the upper end OF
Duke streets, this morning, and the horse be,
ing thrown violently against a wagon loaded
with wood on its way town, was Knocked down
and very badly injured.
PERsoNAL.-Mr. Lewis Mckenzie LETT here,
this morning, via the o.. a. 4 NJ. IL. Il. Tor
Richmond, to attend a meeting Of the State
p.,IEnn Evonntiyr Committee. Tomorrow.