, 1876-12-24


| SECRECY IN LIFE INSURANCE..
/ Under the above heading the Now York Times ot
Thursday last gives very vigorous expression to te
| same views that have been expressed By ~Tur
TRIBUNE about the futility OF any attempt By tie
life insurance companies to regain public conf.
dence without allowing the policy holders to in-
| vestigate every detail Of the business for them
selves through experts representing them. The
/ statements Of the companies hare hitherto been
the only Information accessible to the policy
holders. The companies hare been and are en-
tirely satisfied with this system. But the policy
| holders, who have put-up about all the money
there is In life insurance. have at last discovered
that ''statements" are likely to be ntrustwor orthy
and that the supervision Of the New York State In
| surance Department is worthless. There ia now
only way in which the business Of life fusnr-
ance be restored public favoz, and that Ia by
according the polfcy-hoIders their fndnbitable
though yet lhtout right TO investigate Tor then-
aelvrs the anaits Of the companies they support.
| For example, with regard to the real-estate in-
| vestments Of the companies the Times remarks:
tHc sn1oa " to xnow H. wss
affected BY the dep,ee!atSa tn values These assets
e. s1d IL aA9theE @ t. oo9 oHt @ Gf 1ota Of
to tie depreciation whic has oserfaEea these se
css
and Directors whose Judgment 1u tying up enormous
which fairly opon criticism; some independs1t
G1 1sss N nd
a f
fof the acquisiton & dats on Which an Intelligent
opinion must rest 80 also in reference to the manage
a ossa3
ass 81 o ps ss9 M G se9
Il pss sF e r.
i! r. ssnPaais. doaE Sasss:: tais Az thy
from tae oeers whose adminlstration il On Il, Hill
i q tae
independent men, interested policy holders ii the
s M g e'
THE PROPOSED GERMAN TRADE DOLLAR.
We make room for the following resume BY Prof.
soetbeer, OF Hamburg, Of the reauons for the pro-
posed coinage by the German Government OF trade
dollars ont OF their demonetlzed silver:
na fs s
three years Of Ersat tnenessTeyer oe9I, o9o Sup
ssSs IT'S sa xs
ssss S$
q anensss s wasi i prizea enoas tSs Easse5a
Y a. s
sss @saa 4ssass s ssssssy 'ses
tIlAle4 ~ SAlua a!t SonnCukca, etG&aenc NJ
ascertained By q small experiment. II the German
Government to do II, they must do It large
acale In auy the loSs would not necessarily be
large md It would prubnbl be not only the best means
OF encouraging Eastern demand Tor the Ercf which
Germany has to spare, but 1t would b. the most
economical method " which the form OF the old de-
current use. The precse value Of the coin would
be 10 ktlogramme OF dne silver and the nne
ness would be The silver handed Into the Ger
mints for coinagt In this form would require
be ut least 600 fine. The mint charge would
only II per The main difference between the pro-
posed coin and tue American trade dollar would be
TINT while hew would contain tile above proportion
further advantage to the coin lies In M fact that the
charge Is only put at k cent while that Of the
trade dniar ia much ~. The scheme has plainly
the merits OF provtdpE for rapid and economical
ply in order t0 the deIuADd In the most direct
conceivable Maria Thcrgsa thalcrs haya late
" been coined IN increasing amounts m Austria for this
very purpose Of export to the Eass principally Egypt
MICHIGAN CENTRAL LEASES.
The New York Herald Of Thursday says: lit
is said In street gossip that there is strong move
ment On foot to abrogate the Michigan Central
leases. Moaes Taylor ia alleged to have large
majority Of the shareholders proxies and to be
pledged to break up the contracts Of the non-paying
branches Of this road.''
GOLD 4Np 1RHENBACKs.
Gold was 106A@1074 In greenbacks.
Greenbacks were o3*s@e5x cents On the dollar In
gold.
49,