The daily gazette., 1877-05-22

Mr Days losses, and he has made no fur
ther effort to secure his insurance.
The other failure to pay was on the poll
| cy of Mr.. VIM. Case of Harrington, who in
November last insured q stallion for S2001
stating in his application that the animal
! was valued at $4,000. In February last. the
stable was burned and the horse was lost
In making out his proof of loss, Mr.. Case
placed the value of the horse at only $1,000
| and thinking that such O sudden deprecia-
tion in the value of horse flesh was some
| what remarkable, the company began to
| inquire into this affair. rarties around
Harrington, on being inquired of, placed a
much lower valuation upon the horse than
did Mr.. Case, whereupon the company de-
sired to have the affair settled by arbitra-
tion, and offered to pay Mr.. Case whatever
three disinterested referees allowed him -
To this however, he disagreed, and placed
his case in the hands of lawyer, who has
thus far, done nothing but write TO the com
pany and ask what they are going to do in
regard to the subject. The company will
adhere to their proposition, and and ready
to settle the case in a fair and honorable
manner.
Another charge against the company was
that 1t had made an assessment of 10 per
cent on parties residing around Middle
town, and that while some refused others
were scared into paying said assessments
| The only foundation for this charge is that
| recently mber of ofstockholders who had
failed to pay the interest due on their pre-
| MUM notes were notified of the fact and
served with the following resolution adopt
ed by the Board of Directoss in relation TO
| this subject. ItII
Resolved, That all members that are in
debted to this company, for the interest on
their premium note or notes for the We. I
1877, shall pay the same at the Office of the
company, before the first day of May, 1877;
and all members that fail to pay the same
on, or before the first day ofMay, 1877 shall
pay an assessment, to said company. of 10
per cent on their premium note or notes
| and npon the payne ent of the assessment,
any member can by surrendering his Poll
| cy to this company, have the same cancel
| ed and receive back their premium note or
| notes, and that the Secretary is hereby in
structed to force the collections in accord
ance with the terms of this resolution and
that no premium note or notes shall be re-
| turned until payment is made in conformI-
| ty with this resolution.
Such is brief stateme ent of the condition
andaffatrS of this company which are more
fully set forth in the official statement
published elsewhere in to-day's paper
Their moral standing is good, their finan-
cial condition secure and their supporters
| number many of the best men of Delaware
City and the State. Among their assets is
| a farm in Dauphim Junty, Pa, contain
ing valuable vein of coal, which was
purchased for $4,000 of the company IS
stock. Only recently an offer was made
for the purchase of this farm at an advance
| of s5OOG above the cost of purchase.
The office of the company is publicly To-
Gated, conveniently fitted up and bears a
| thoroughly legitimate appearance in every
respect. The recently published ISLANDERS
town, and there is no doubt that they were
actuated by personal malice and petty
spite on the part of certain persons who
were formerly connected with the company
| but who were expelled for transactions of q
! most questionable character.