The sun., 1873-02-15
House Of Representatives.


Mr.. Wood Dem, n. " asked leave TO
offer the same resolution as he proposed ysster.
day in reference TO the Spanish Republic.
Mr.. Willard (Rep.. VT objected unless II were
referred to the Committee on Foreign Affairs
30 the resolution was not entertained.
Tne bill for the distribution OF the Geneva
award came up a special order, by an arrange
ment heretofore made.
the GENEVA AWARD.
Mr. Butler mep. Mass), who reported the bill
from the Judiciary Committee, opened the dis
cusslon. upon it, explaining the object Of the
bill The lrst question to be determined, he
said, was the question to the ownership Of
the sl5,5OO,O00 which the British Government
had agreed to pay as indemnity for the Ala
bama depredations. So fur the Judiciary
Committee was concerned, II had determined
that the money was the property OF the Uuited
States Government, free from all trusts, claims,
or conditions. III that was the correct determine
ton, then there remained to the Government
of the money ns should seem to Congress to be
according 10 the principle Of natural equity and
number Of claims that came mp On the ground
that the Government held this money In trust.
The Government could not be made trustee
against lis WILL and II had stated expressly in It's
Instructions To It's agents at Geneva that IL
should not be made a trustee for any Of thls
money. Nobody claimed this trust, however,
These demanded that their claims should be
first paid and being a body Of great wealth and
power, they had brought before the Judiciary
Committee two OF more able and eloquent coun.
sci, who made arguments and submitted briefs.
Thew had received In war premiums much
more than all they had paid out. All that they
clsimed To have paid out was a1ittle over $1,000
0CO. and they had recoiyed In war premiums over
$6,U0.COO, so that ms france com panies had made
a prOht Of SsOOO,OOO out OF the war risks depend-
ing on the Alabama depreda ions The bin pro-
vided that where insurance companies made an
actual loss on the business they shou,l be paid
pro rata out Of whatever balance might be left
after paying The more neritorious cliini5. First,
OF citizens whose property had been destroyed
by the cruiser; second, Of officers aud crews
who lost their wages, etc. third, OF owners,
tcwhose Insurance was less than ther loss, etc.
The insurance companies claimed that they
were subrOguted To the rights of the insured.
That was truo "a a principle Of law, hut such
subrogation was that when ANYTHING was saved
out OF wreck the underwriters, after paying
the Insurance, were entitled 10 what was saved.
The ditftculty here was, however, that there was
nothing In which the a.snrsi had any nGlt; 1tih,
against the British Government for any Of the
acts done, and thus the insurance companies
| were subrosated To the rights OF men who
HAD NO RIGHTS.
| The ship had gone to the bottom.
Mr.. Peters tRep., Me- offered an anendment
making the interest payable not from the dSi1 hif
but from the date of the loss.
! Mr. Poland (Rep, vi offered q substitute for
| the whole bill.
! WORD FOR THE INSURANCE cohPANin'
! Mr. Potter Dem. N. W confessed that al nrst
! he had the impression very strong that tue n'
surance companies were not entitled to receive
| ANYTHING under the Geneva award, hut suDse-
| quent reflection had brought him 10 the oppo-
Site conclusion, and he was satisfied that no
! man could think dspasslOnatcly on the suplec,.
who would not in the end arrive at The result an an
which lie had arrived hr. Potter oue'eu a'
! amendment to carry out his views. ,.,,
Mr. Monroe (Rep., Ohio offered an amendmen,
! extending the operation .of the h to damass,,
/ ShgnunuGAl
Mir flames Oiep., r. ~ offered an amendment
extending It's operation T. damaGes done by m a,'
cruisers or vessels bearing the Confederate Ht' Hat
The previous question was then 4eConIeu'
! The vote ON the bill Is 10 he taken Tomorrow
| The policy holders of the New York Lhe lh'
suranoe Company have reason 10 congatua's u'u..
selves upon its condition In the 2S'h annual repO.
! just published by this old and long tried in'Niu'on
! II shown that their as'ets have grown dlrmfW' '
eleven years from S250o, Dl to SCI lG6ihI Daring 'p
past year 500 policies have been Issued rrPf'ens
tl7Qo6,272G Of insurance, AMI they h,y dr'hleu ~
! annual dividend uf sl,62I,lg from their dH'u"'1
! plus. Figures upon 50 arse seal" a' w'
! further than any amount ot argument 10 pro'''s
tho claims Of any Institution upon public o'hpu'",
aud support; II indeed the distinguished names 70 w
| found among the Trustees and Managers "I u.
| York Lhe Insurance Company were not sln''"s
guarantee OF Ia worth and STABILITY. Adiitiohai 'e
| for the extraordinary success Of this company ".
be found in the fact Of It's very liberal trn''n'p' ~
| policy holders and the strong inducements nO'
| out 20 those deeirOns Of insuring thrlI lr'.9r
| Among these may be mentioned ne letcp let or
ponforfciture policy which II introduccd some % ctse
eleven years ago and It's abandonment Of lhr ~ Gs
foifcitng the policies Of suicides. being tll amos
only one In whose policies that stipulation uhirb Il
The TOntine investment plan OF Insurance, St"n,ely
was the first to Introduce here is ano'uu 'lbcr9afd
| popular feature. In abiding TO this MT Sn'P'Tts
| lIomans, the distinguished actuary' Wing ms
benefits propose 10 extend to those s', w. md
class Of policy varied In their cl Av,ant.ure
advantages than afforded ny any plan oi Sn"vl
now In USE hy any other company wltnlu ny
edge and such as cannot fail 20 render ~. ~ ..mnuef
investment policy popular, safe and hlshh '''1
atye form Of insurance"
KINDER EASY, CoREY. The above Is ho,w".ry
job seagrain talks To the young fisherman ~ uhnh
Optic's new story, "A Brave Ioyg Fortune rom
Will soon commence In ths Heu io't fh'"'s WV
pdniOn.-idr.