The Morning herald., 1876-09-12

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lBy As1ociaed Press.
Niw yoRK, sepss 11.-Tbe committt
appointed ct the last seseien OF Congress I
investigate the relative values Of gold an
Isilver which was TO hare met III this cit
this morning will meet ct the st. jaime
Hotel this evening. The eabsence of Senate
Jones caused the delay.
i 1~1--
The Fire Insurance Interest.
From the Baltimore Undrwriter.l
To the Editor Of the Baltimore Under
lwfiter:
| This time It is the Clayton-died on tn
sd Of August, 1879, age one year, flv,
months and ten days-died In the flower O.
Its youth for want of State supervision
And thus one by one they go. In the May
number of the Spectator there was ar
article from Wilmington, rejecting some
what upon the reliability of the Clayton
inslnuating that the $3O9, ,81.60 assets, ol
which they bosted was mostly, If not en-
tirely, invested In the gorgeous sign that
| adorned their office. Whereupon Secretary
Hambrick grew wroth, and proposed in q
special card in the Wilmington s'Republi-
can" to chew some body up, sw0llow a
sword, eat snake, or skin wildcat; but
all this did not prevent the Clayton from in
vestigating that $500, ,S71 go in such man
ner that they could not realize enough TO
pay the rent of their office: consequently on
the 24th of this month. Mr.. Samuel Har-
rington, their heartless Landlord, came down
onthc Clayton. Their beautiful counter, so
ornamented with plate-glass, sold tor
twenty-five dollars, and their entire assets
that were found, sold for less than fifty dol
lars-how is that! $309, ,S7l go less $50.
Here is striking example of company
that has been sacrificed for want of State
supervision. The Clayton had good loca.
ton, an elegant office, strong name, an
accomplished and experienced underwater
for secretary. They made better state
ment than either the Globe, Mercantile, or
Empire, of Chicago; and yet with all this
we know of but one risk they insured IN
State. The policy we now have before us.
1t reads $500. On stock of merchandise,
such as is usually contained in o general va
riety store-term, one year-rate SO cents
premium $l.50.
This risk is in an old frame building with
just torty-fve other frame buildings adjoin-
ing or within burning range. So you see
they were conservative in their business
Small lines, full rates, and in order that
their risks might be scattered, they would
have but one risk in State. But If there
had only been some official of the State OF
Delaware authorized to certify to the state
ment OF the Clayton, and to proclaim its
authority to do business according to law,
the company should have used that certif-
cate to 20 into many other States, and
could have repeated the history of the |
Hope, the Atlantic and Pacific, and all the |
rest Of them. Shortly after Mr.. Hambrick |
became secretary of the Clayton, we asked |
him if he was coming to Delaware to live.
"No," said he, 81 do not propose to live in |
Delaware, nor in any other State, where
they have whippiDg-post." Afterwards
meeting Mr.. Forster, the Pennsylvania In
surance Commissioner, he asked me how
many fire insurance companies we had in
Delaware, named them all except the
Clayton; when he added, there is the Clay
ton. Said |, that is not Delaware com
paDy, for the president and secretary, and
directors, if they have any, live in Phiiadel-
phia, and added, we think the CLAYTON is
bastard, but suppose it belongs to Penn
sylvania-and then related the above con-
Versation with the secretary. The COM
missioner laughed Gone of his mild laughs)
and said, well, if a whipping. post will scare
OH wildcat insurance companies and opera
tors, | will go in for having one in Penn
sylVania. A Whipping-post would be a
much greater terror to evil-doers in insur-
ance than two thirds of the insurance COM
lnissioneIs are.
We have no doubt the Clayton and the
Sussex were near akn-owned by the same
partles-buJ now they both sleep in their
lltt!e graves, and no one in this State except
thelr landlords are out one cent on either of
Ihem. Boys, when you want to get up a
insurance company and make some
Honey, 60 to State that has an insurance
department. that will help you along-West
lrelnia and Delaware are played out.
delaware has no insurance commissioner
neHhcr nave they any special insurance
avs. But Delaware has what is better than
'lther that's live insurance correspondent.
me that makes 1t warm for all fraudulent
insurance operators. These wildcat opera
ors can stand anything better than they
'an exposure by the press. DELAWARE.
rhe Alien-GOss Prize Fight a Fran d
Eph. Holland, who acted as referee in the
ecent prize fight between Allen and GOss
tated to reporter that Aliens talk about
ulng Tor the stakes and a bet of 81 600 81
lde was all bosh. He said all the m opey
mt up by either Goss or Allen for stakes or
ing bet belonged to him. There was not a
oiiar up on the match. The men were to
,ght Ior the excursion money, which, in
MS case, dld not exceed the expenses of the
rains. Consequently the fight was not for
prlze, though fought according to the rules
IT the prize ring.
Death OF Gov. Vildcn,a Brothax