Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-02-16
LOCAL.

WuMINGroN LIFE INSURANCE COM
rAN1.-An adjourned meeting of the
Stockholders of this Company was held
last evening i'll the Chamber Of Commerce,
DR., T. B. Carr IN the Chair. The Secre-
tary reported that one unIred and eighty
two shares We're represented iRperson, and
three hundred and eleven by proxy.
The President, Col. Atkinson, read ihe
annual report Of the President and Direc
tors, showing a very favorable condition of
the Company An increase of the capital
stock Of the Company was recommended
in this report, whereupoR the following re-
solution was adopted by stock vote:
Re&oltcd. That the cash capital Of this
Company should be increased, and .hat for
this purpose the Directors are instructed
(if in their discretion it may be deemed
adviSable) to make an assessment Of thirty
per cent. on the notes of stockholders held
by the Company which were given to Sc
cure the payment Of the unpaid 50 per
cent. of the capital stock; Proridcf, how
ever, that no action under this resolution be
taken until the Directors shall be thor
Oughly satisfied Of their power TO make
such assessment without violating the pro-
visions OF the charter OF the Company.
The following Directors were then
elected: j. w. Atkinson, G.. NJ. Stcdman,
i. IL. McKoy, /. Il. Granger, r. w. kercl
ncr. i. III. Cowan, ii. Is. Eilcrs. y. \. Viii
lard, W. A. Cumming, q. w. Williams, A.
J. DcRoSSct, Eli Murray, Robert Henning,
Alex. Sprunt and =. Murphy, New Han
II LIP
Cumberland; i. Is. Kelly, Duplin, and J.T.
Pope, Robson.
The meeting then adjourned.
The newly elected Directors will meet at
the office of fhe company, for organization,
this evening.
WILMINC TON y. c. LIFE INsURANtE
toAfANY.--At Il meeting of the Directors
Of the Wilmington North Carolina Life
insurance Company, held on Friday eve,
ming, Col. Robert II. Cowan was elected
President OF the Company, vice Col. John
w. Atkinson, late incumbrent,, who de-
clined reelection. An election for Sec
rctaly was not held then but the office will
be filled i'll a short time, Mr.. 5. j.. Wal
lace, for some time past filling that office,
has resigned it to assume the position OF
Cashier OF the Bank of New Hanover, but
will perform the duties Of the office until
his successor is appointed.
The Company are fortunate, we think,
i'll securing the services of so energetic and
thorough Il man Of business rs is Col.
COwan.
The retiring President, Col. Atkinson,
has labored very zealnusIy in lis behalf
during the time that he has held tic office
and now that press of other business has
compelled him to resign ii he vii! leave its
affairs in :he best of hands.
The FIRE YESTERDAY MORNING.
About a. O'Clock yesterday morning fire
and smoke We're discovered issuing from
the store on the corner Of Market and
South w ater streets, occupied by Mr.. B.
Lehman as a clothing establishment. The
alarm was soon given, and The fire
steamers were quickly on the spot. The
doors were burst open and the store found
to he filed with smoke, although there was
but very little fire visible. The opening of
the doors and windows. however. caused a
draueht, and the ceiling of the place was
soon in Il light blaze. About this time The
engines began to throw water anI lie
flames were quickly suppressed.
The stock i'll the store is all ruined, and
will probably be appraised and sold, for
account Of whom il may concern.
Ii was insured for $4,000, IS follows
.Etna, of Hartford, l.. II. IL T.fc'. DeRos-
set,-Asents, $1,000 Imperial, Of London,
J. \. Byrne, Agent, $1,000; and Liver
pool 4 London n Globe, ThoS. Grume,
Ageut;tS2, 900.
The origin Of the fire is coinpIetc mys-
terry. 1t broke ont among 4 pile OF goods,
on shelves near the fire place. burning
these, window near at hand and the
ceiling overhead, and badly scorching every
pat Of the store. Mr.. Lehman says that
there was but very little ire left in The fire
place, when he closed for the night. al
though the flames may have originated III
this way. All is, however, bat sparH-