The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-06-30

OCHNElDER ~ LUBERBlER.
Does any sane man believe this cohort of super
visory individuals know more Of this business
than the members of the above firms
Are not the opinions of the above gentlemen
on this subject Of more weight than the opinions
of SO. NJ" the B, and all the M, 0. B. M. =
out of the business, put together?
As the leading merchants Of the trade, and all
who know anything Of such matters indorse the
form Of claim presented, and as the figures of
per centage used to make the claim was given by
result, by q mode known to be worthless, would
be regarded for one moment by the claimants, a
judge or jury? Do the merchants Of New Or
leans who are the stockholders and owners Of
the insurance companies, realize the damage to
their interests by such captiOusness
AS one insurance officer has requested the
adjustor Of this claim to use his influence with
the claimants, to induce them to reduce their
claim, and as another has said he drove the
sharpest bargain he could in some cases. do the
insurers Of New Orleans realize the nature of the
insurance they are invited to partake? Why is
the claim not adjusted? Simply because the
stock burned-the result Of an eleven months
business, compared with the stock Of the pre-
viOus twelve months business. They have not
yet realized that one months more sales, at the
average monthly rate would, by the same mode
and form of ascertainment, have reduced the
stock below former inventories.
When this claim was presented, and an advance
Of Is per cent. and a prompt adjustment Of the
claim asked, with the voluntary offer by the
claimants to let the balance remain until the ex-
pratiOn Of sixty days, one or two companies were
found to be without the money to advance.
Is the delay of adjustment to gain time upon
further payments With regard to the {" scanda-
lous rumors," they were undoubtedly induced by
the extraordinary actions of some of the board,
going so far to have the initials of their experts
placed opposite entries in the books as q bar to
change or Justification. What right had this
board to investigate the books of a house until
they were written up and their claim presented :?
What right had they to any accounts other
than those referring to the stock? Have not
some insurance officers said the stock did not
amount to a sum which has since been ascer-
tanned to be less than the debris brought, and
make their statements before any claim had been
presented, or any particular amount Of stock had
been claimed by the claimants? Have not the
private accounts been discussed? Where did
these items for discussion come from? Who is
responsible?
"Good old man, thou are not for the fashion
Of these times" Your arguments and state
ments are Of Shakespeare's character Of an "ill-
cooked egg-dU on one side"
Age is entitled to respect, and sits words do
well when he who speaks them pleases them who
hear" 1t is proper to "earn what you eat, get
what you wear, owe no man hate, envy no man
happiness" and reverence age.
Age must not, however, claim to be exempt
from error, and it would be well to remember in
our latest years that injunction to our earliest
youth. 'Be,cdre df playing cith fire." 1t has
great bearing in this case.
ga YOUNG MERCHANT, No. q"