, 1874-07-31
1IIE q u 1sla EA
reforrcl to ie a. follows:



Losses unpaid. not die. ............... $le,3s00o
AIR. Hooker explained that beyfdos tho $751;.
255. 10 III the Ceutra National, the United States
and State bonds and tue West Chicago Hallway
stuck were u1Bo deposited in the namo place.
Reportor-Aro taose amounts IN tho bank
now?
hlr. Ioolker-The stocks and bonds are in re-
gard tn tho cnah, nm unable to toll, as ne Hte
receiving ab0ut 81. 900 day from our new poll
ossea III the lato flre Our loss in that firo will
DO something over $40. .000, and We a1o paying
of al fast aB ITO can adjust the claims.
THE BALARY QUESTION.
Neporter-How about the largo salaries your
Mr. Observation-Disclosures told you that orr off,
cora receive large salaries il O contemplate
liar. Tho President receives no salary ut nil, tho
vica.Prcsidont 90 900 year, and tho Secretary
noportor OF tho insurance men state
that your presidout mud Vice-prealdent receive
s7500 each.
h1r. Hookor-1 told you before this ia an out
Roportor-Some one told sne that the Presidont
and Vice-presdent received 81, 500 each.
Mr. Hooker-Tho statement gavo You ia tho
correct one Do you think would tell you
falaehood z
lnforuution hayo got from one Of your own
otlicers.
Mr.. Hooker jumped from ha chair IS il stung,
and wanted to know tho nano Of tho person who
gave the information, but the reporter refused
10 do so not being willing to bring that man into
trouble.
At this moment Mr.. Runa's, ono Of the
Managing Directors Of tho Company, oamo into
tho room, and Alr. uookor explained to Inn tho
object Of the reporters visit.
stated that ho had alao heard Buoh rumors, but
thoro Nau no truth Ia them. Thor Connany
was hs sound AZ dollar. Ho was glad Tu.
| IR1nuNE got hold Of this matter frat, al it was
not a Sensational PAPER, and would put the mat.
| tor 10 tho right light. Mir. Runais also atatcd
| that tloir accounts Ind been examined several
| t,mes and found correct. Bnt neither he nor
| Mr, Hook0r wnntod to have their accounts ex-
| amiucd by a oomnttpe of exports. They did
not think TINT it was Of any consequence to OUT
! Eidors,
| Tho following extract from the
FIFTH ANNUAL INSURANCE HEPoAT.
will give additional information III regard to this
Company.
Tile Atlantic 4 paciilc Insurance Compsny ap-
Piled for M examination OF tue Investments Of
capital, and Of its assets to tho Auditor OF tho
State on tho 9Th Of March, 1879, III order to OBJ
| tain the authority to commence huaincHe.
On the 10th day Of March . commission Was
insuoil to ). X. Au,losg, 8. E. WoiiH, aul II. y.
1Iardiu. all residents oil this city, to mako The
examination Us required by the tenth section OF
| the act 1t 1869. Said Commissioners submitted
tho following report III tho result Of their Ok
| alninatl0n:
We haYe the honor to rnport that no haye care
fully examined all the asses Of tho Atlantic h
Pacific Fire InBnrnuce Company, exhibited 10 by
the officers Ut said COMPANY, and And they consist
entitey Of notes securea by mortgages rtAl cstae
In tho HtAta OF Ill!no6, 10 per schedule attached
hank account Of 81 100 aud oica furniture. III
oplu1on tho tea are Bood, aud the iuortgagca first
lot,H but tho iaraer portion Of thu rca estate ia 80
much 0Yervaued lhat tho loans hGreon uat tunc-
toned by tho law, aud lany Of tie luanH arc GnRla
upon what wa regard aa uninlrroycd real estate.
We tAAl that upy tnsltrauce clnpanyt bef0f0 being
authorized TO do business should hayu their fnhds Id.
vested in better claHs OF properly lAul alIleara tn
tta case-in fart, governed 10 we ara BY Hoc h. oil
thu law of 1862 caAao recommend tkat tho Allan.
| do business. IustAH II. KELLuuu,
| BAMuEt Z. WILLS,
II. D. HARDIN,
On tho 28th day Of MARCH, following, another
examination waH roluus.ud, lad ordered, and
the Committee made 'its REPORT without mixing
any recommendation.
State Auditor Lippincott adds. that. not bo!na
satisfied with tho values Ut some q lhe lhyoAt
meutH of tho Company, outside Of Cook CouHLy
hu male perbounl inquiries ~ to such ynluea
Ihe Information resolved cAu5ed lin &c
decline accepting nenrlY oil tue
Investments outnillo Of Cook County An sat!Bfac.
Tory Some other property Was afterwards sub
stituted, allti tho Company was authorized te
conulelco business.
Wlilo It appearu from tile atatenaents Of tue
oflicels Of tho Company that 1t IL sound, aut
that the complaints rlAde by pcrsons Insured II
! It who wore burnt out by tho late nrc that tley
cannot not thoir 1nonoy aro glouudlebH. et!lI IT
| ylaw OF theEs runners In insurance olrcleH, ALL