New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-12

IS very gratifying REVIEW bhcNut % h''0'"
great soundness and strength, and VIII give oni
citizens new reason for confidence IN these iDsii.
tutions
CONDITION or THE EEW-ENGLAED CON
PANIES.
TIE BOSTON COMPANIES, WITH ONLY ONE or
Two EXCEPTIONS, WILL 60 t>DLH--AIL
OTHER COMPANIES SAFE AND PREPARED 10
MEET LIABILITIES.
lBY TELEGRAPH To THE T8lBrNht
Bosr0Y nov. 1.-THE officers a. The various in.
surance companies have been tLroneed al day with
the Stockholders and policy-holders, anxious to a.
certain the extent Of the losses and whether NOT
the companies can bear up under them The oincof
Of the companies. beth home and foreign, arc bard
at work making ont N detail the list Of osscs The
full extent Of the disaster cannot be ssce,ned foi
q week or ten days, but enough is already known to
make it certain that all Of the home companies, With
possibly one or two exceptions viii 20 under The
risks on property in the greater portion Of The
burned district were deemed among tho safest to be
found anywhere, and very lasge proportion Of
these were borne by the home companies. Some %
the companies ruined by this disaster were cons.d
cred to be among the stanchest in the nited States
and safe against any disaster Some q them have
been IN existence more than half century. They
withstood the Chicago disaster bat wrUt down
under this new calamity.
The Boston Company was incorporated in 1898 ana
Ind assets amounting TO $uq,u6. IT, liabilities a.,
between S3,000,JO0 and SlG00O0O Tho Franklin
Company, incorporated 1923, has assets ainouiltu,
to 1865 j64 and liabilities fully five times as much
The Manufacturersl Company was incorporated ~
1922, and has assets amounting to Sl48L04s II viii
perhaps pay 80 cents on the dollar The Shoe enc
Leather Company was incorporated in 1879. IT.
assets are Sj93,14, and its liabilities more
than S5,O00,0OO. President Abbott statc'
that on Pearl-st. alone the risks Of the
Company amount 20 moro than 100000
large proportion of the risks of the COMPANY
were among the shoe and leather houses and these
were swept clean away not Of the wholesale
houses remaining These are but specimens. The con-
dtion of the remaining companies is fully as bad
Many of them will pay but from 10 to ~ cents on
the dollar. The only exceptions TO the general
wreck among the Boston companies are the Ameri-
can Fire and Marine, and the Mercantile Fire, and
they began writing land fire United States risks bat
a few months ago. and to this fact alone Is due theI
exemption from the general wreck.
The Worcester companies have also suffered badly
The Peoples Company of that city, with assets
amounting to SSOOO0o, has liabilities amounting to
something over 100000 1t is stated that the
Company has suspended. The Hartford companies
make an excellent showing. Their losses arc heavy,
somewhere in the neighboThoOd Of S3OoOO00. They
will pay every cent. The following dispatches
have been received here from Hartford: Every
company here will go through in safety, but many
who were depending upon January dividends viii
suffer great disappointment. The Connecticut
Company loses the least, and will pay every dollar
out of its surplus-$1lOOOo The Orient loses
$4,000, and has q surplus Of just about that
amount. The Phoenix will, tomorrow, issue the fol-
lowing circular to their agents:
GENTLEMEN; We have advices from our agent In Bo,
ton which are confirmed By the records at tbs office.
that our policies lin the burned district will moi exceed
100000. Our net assets. after deducng All liabilities
previous TO the fire, are upward Of 81 10000
H. KELLOGG, President
The Hartford has issued the following circular to
its agents:
Our entire amount at risk in the burnt district ana
vicinity 100000 From later information received ou
probable loss is about s5O0OOO. The Hartford Ia.
S225OOOO assets, and will meet its engagements
promptly as it did at the Chicago losses.
GEORGE L. CHASE President.
Mr.. Goodrich of the firm of Mercer s Goodrich
agents for the Etna of Hartford, and the Queen Of
London England, states that the former will los'
81 100000 and the latter 100000. The Hitna after
paying this heavy loss viii still have a capital of
S3,OOOOO0, while the Queen has a capital Of
SlOOO0OOO The foreign companies, including the
LIVERPOOL London and Globe. Royal, Queen, lIn-
perial, North British, Mercantile and Others,
have suffered heavily bat will pay all losses as soon
as adjusted. They continuing business as usual
Mr. Stoddard the agent of the Liverpool, London
and Globe the Triumph of Cincinnati, Williams
burgh City, and Niagara of New-York. announces
that those companies will pay all liabilities fast
as adjusted and that meantime he will receive risks
as usual.
LOSSES OF THE HARTFORD COMPANIES
[BY TELEGRAPH TO THE TRiBUSEl
HARTFORD, Nov. 1.-THE Hartford companies
make their losses as follows Ena, l,S0o,0O0i Hart
ford 100000; Phoenix, S5OO,OOO National, $4,000
Orient, $4,000; Connecticut, 100000 Some
salvage is expected, and the Htna officers think
they will get off with Sl,5O00OO. The Hartford
thinks it will save 100000 on cancellations, etc.
THE PROVIDENCE COMPANIES SAFE.
PROVIDENCE, r. L. Nov. 11.-Several OF the Providence
insurance companies lose heavily IN the Boston fire. but
it is understood night that not viii fail 70 the
losses In fun and continue business.
ESTIMATED INSURANCE LOSSES
NETWORK STATE coErAyIfs.
E,a-Loss estimated b; President at $4,000, which