, 1876-07-15
Ruinous Decision Affecting Amalga-
mated Life Companies.
The Fourth or July and the
Fire Demon.
Contest Between the Board and
Non-Board Companies.
Serious Suit Against tllo Equitable
Litc OF New York.
n Floating Policy Forn7--Secur-
ing Now York Agencies.

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Ep.rfn, Correspondence n The Tribune.
Esw YonH, July 11.-Tllcru has been consid-
cr,hle anxiety RECENTLY among a certain class Of
~ ;n.',tnt,e cl,t,,,auis re,ot'y. to sI,o et,aou
HE 'h'1rh"ea e'tni"c" ,esa''e :" ,. ."o T.,
rrotinunrc'l ny dadsc ui'oet', VI ntooNyn' III
the case Of Jewell VS.. Tic Crattsnen's n'tc COM
many VI New Yurls, or rather ngalisk tic Hope
tt,i,n, Mi ,,, Nr,y 1crsrv Mutual, ssrressors Ut
.""tna. .a r.,.,,tt ,,,ss ,;not,t,t1cr r.,
1ne S'"'ss'''t, o. o."t' W. ,"-. ..,...,.Y.
tllc ast'ilaiat" co'''i'S' "Ne'' oceauo Nv ,.,,.
T., il5olrcht, aEd fclhsureo 't8 1'nNo
with tho Hope. Ilcn tho HoPo "s.,' .,
nut of Mslncsa, nna relas"Isu WI"
tlo New Jersey, INC tfantaet'oa WIS
completed III lsis. anu now 'e"et' e.sNn
relief ny proceedings 10 recover 1'le nn.o"n' ".
his siock. Judge Gilbert dec'iea toat 'n'
lra.ssicr by tl'e craflsmens TO une liopc "as ",
legal, ard Jewell had right 10 t.o felisi nsnco
fur. II this tloctrlie is sasiaihcu' II "na .'"o"
tns" 'nextrirac confusion seose .. a''ots VI
Reinsurance contracts nla4e III tne a1s ssn5.%s
y Which wcnk coi!'es "asu r,,,, ,axaorrc1 nov
BUSINESS an est,sn. III a,!. Int would irf,fnc f,f
@ ,,,,,,"r,a ~. nm,nl,tn,nntios and transfers
rm,,,,n",,S, Wv" hy ~" E5l,Ina Of 81. Louis Tic
Hr'MiIi Hsii!vf Of Ch,ess6, md olcral However, tic
liturgy ,i,",as sSss s,vcr decisions Directly con.
S ,fy +, III t'1t If Judge (,hert. Tic whole INIT
lar :,..s n,fi,tJlitntri III Ohio III the Surretnu
,'t5it" IIa ~ ~ NJ. Transfer to tic Utflon Central
~ T,,Rrninnntf ,yhrrrin # Yn8 tliatiuctly
hr,i ilnt ,t,r'rr tl,u upwcr to rctukurc one rtsk
e aconlary @ ha.i roser to reinsafo ail, atid t,at
sm;mIfI.. rirnriSnrycn dn;uarcB to tho tulliyi,l-
III sntinr n,, ,iut ttl tjte stlt1nosctl wrongs Of
hi ihu nnrtirs eoncrrc(l. This erision is much
i,roa.lcs m t!1an ti.al OF Judge Gilbert, anu tho
1n,m,,nny Which. fortnight ugu, wcru In terror
I'M niari1,. nrt. row auite scrctie.
> s,',,v, % r,,,n,,1,t r,Ir p.,,,uru
sAf.''e i'..sueo. A'A -"
1t ls n0t TOO mueh 10 eAY thai therc Was d
general feeling ol insecurity nha uncertainty on
the part oi tlic fe insurance colnpa'ics 1cSt tio
enthusiasm OF thc Gentcnmai fourta OF pafy
EhoAlu result III s1lsastfohs con'lagta1on. Goil-
sc1uet1tly unusual precautions Wcfe taken 10
prevent tho spread ok conflagrations' Tho Wis
dom of these precautions is manifest III
l1lc fact that III THIS CITY ana HrooSiyn,
between midnight ot Lie III and 4ths
there were la' heo hshflna' hhely-
seven OF which VERY attended hy th9 FirS De,
n itir., ,.o @ rS nrasI., ,. M" o 1,as i' tnan
s1tv, mi tI'c f,n,n,"rs hrsnth.;,i fr,r1v NJ ih.
s!," !. IT. In iriIlInr l',ss,s ,n1, in Ina rn,s
,uny @ nal,l twenty.oi,s loeacs, whIrh together
np,",ntr1 f1 tn I:ss linn. 81 .f)tF' I,bs eun,.
n'nrrni exner,r'', thr.,,,,,o,it til. rontry Ina
eet7"rtrd ti,r mf,,ls ~ Fir. l,,1irrwritcrs y"rv
banailv a nl,hnurh iii Tnisln,,,u tanmad sou," X
tit ti.st teonlanics Trcity rol..uliy WitS! her s'o,-
wIc1, the companies fcar mowadaSs. Thuy
1s,ts anil W" ,.s"," s,rios insscs: i,nt thn rr1,.
eIiton M a oi fartnS, i3ostan uni uni chllcs,, s!lvFr
,'n,,, numerous @ nliciss, Ills il tho Constant
Gagncas of tlIo 'conscrYativo companies Tho
csfent lin t,rerant'o.s Of tlr aerasin 1,nv nrcs
vent disastrous M ,irys. " 49, ''o
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eoAfAHlsoSS BETWEEN n,n. nuaMo t,,s AND soS'hoAHp
r,,,r. :. Hss' fri"s',,,, ,,o,,,,,,,
luu nou-Buasd Companies US to tho relative
merits Of eacl, clusy. The Board Co,npanics arc
mi m snccr ~ t,,rlr r,vn,a .nl 1c,o,,uco ,,,.,
.m s =" % ~. ~ ',.,aa w.. '',, @ usA1oaaso sas1n
Rs sshall'ily' feeh1ess, unsais' etc "A IL" COM
parlsona takcn from tho official reports reveal
nn interesting exhibit. Tho average book value
nj Tim cunttni stocks Of tho Doarl Co,nnuntcs
NAV y"rl. Cnnun,,Ic., ,a IN. or thc nnn!nanr,1
.s 1ss" .u,M eoa1 ,,ra' % NV no1oAtu u. ,
lof, Maknlg dlNcfcNeo oi IL per cent IN 1aVor
OIL Inc Ionrd' !sut 'ere thc laVofanle showing
TOR the boaFu companies ceases. Ing market
vaue ol lug stogks E u te tWp eiasses Is as lol-