New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-29

accomplishment OF any good result MT. WOoulh anu
Mr. Prince supported the bill, and Mr. Gerard's amend
ment was lost. The bill was then ordered to thfd
reading.
fortnight ago bill was presented in the Senate Tor
the purpose Of authorizing the laying of pipe for con
veyng petroleum from the oil regions OF NORTHWESTERN
Pennsylvania 10 Buffalo. Mr.. Hayes, In the Assemp|
to-day presented bill TO authorize corporation 10 w
known as the New York Pipe Compony' ana having
as its first trustees John Waterbury, william NJ PurdY'
John f. Eustis John Il. Tapitt. and James J.. Mong0m
cry 10 Law an oil pipe from Northwestern Pennsylvania
TO the Hudson River. The cOmpanys pipe wouid pass
through the counties of ChautaUqua, Erie, Catarau%S
Allegany, stcuben, Chemung, Schuyler Wyom'hS
Tompkins, Tioga BrOome, Chenango, Delaware suit
VAIL Orange. and Rockland. The trustees assert that
they will begin lay the pipe "A hours after the Dill De
comes a law The bill gives the corporation power 10
Law the pipe under or across any river or water
course street. road highway in such manner as not 10
interfere with the legitimate use of the same; ana also
through any city village it may be convenient OF nee
essay to pass through. In case there Is any disagree
ment between the owners of the lands used ana the
company regard the lease price Of the same the
damages are TO be assessed according to the provisions
Of the Railroad act of 1850. Any person who may dam
age the property OF the company the bill makes ape 10
pay fine three times the amoant Of the damages III
1ctcd.
Mr.. j. G. Graham, Chairman OF the Insurance COM
mitter introduced a bill entitled An act defining the
unueS OF receivers VI iI'so '' nv t % ,l, o,p
and regulating the distribution of the assets OF sueh com
uanics" II worthy of attention the result OF dcnp
prations on this subject by the insurance committee
although the bill is not formally advanced ny IT, LIS
FIST section provides that the appointment of receiver
Of company of this state shall be waiver OF any pro-
vision policy declaring forfeiture by reason OF lai
TO pay any premium Thereafter pecoluE ""o' "'
ton 2 is as follows
Every receiver Of a fc Insurance company SHAH, as
soon as possible after his appointment ascertain tnT
"nfstandiug uoiircs and contracts Of annuity
ana shan then ascertain whether any com
assume sHgn m1ne' "i arliiu that no compamy
nlnh WA, ,e, ~, irerinttfient as hereinafter
Tr,, i3nj IL Nj ;3g to ASSUME slch liabilities and con
~ f ;r fr auon,f fer any consideration when
,nob~ nm 10 nav COM scntly with the claims OF other
creditors, he shall ascertain what alI'nsGhltht' IL an
~ sac nv when said co,nIaLy shall certain
AZ rrcaitaac Of me sums provided to grow due under
- IN ,ri;''-s arJ - fir,rls OF .r,.litV lie shall
81" M " rnrt ib, IN es go ;,sccraitd TO the Supcrn
' ~ ~ Jninranrr n such contract 80 proposed be
;i 49," to mo SAID SUPERINTENDENT to BE- a d.
s o one f6r INC uo.r-h0 icrs and annuitans OF sad
c..',,,rr he snail forthwith proceed examine into
,r .,ijo, O. The company proposing to make such
.n1digj'p f. he. able 10 carry oui The same, ~ sHd
.. , fIc raivor lt tar,:I,.on if.y uay jointly
ply 70 the cont wch appoi1lg ate, .c i I .r,
", H. ,t.,r,; MO amt fixing liz terms and PROV i-i0n-
~ J ,if.t s!,l maze -ct order. IT,, receive j..
'lforizr 70 execute the same, and 10 pay over OF trans.
, mi, nor, ION ~ 'Ar assets uf tua company may Ice
.r.., tao. { rft!s tts ii
n,ei5 .i -. tio zion OF any portion Of the
49,. ,nd Eth ia, .I,oerI of Insurance,
INC ~" 80 fles az sl,,l, n,rI,ou OF them as may
i,l,i. IA ,r,. ont .llr tcr:is q said contract.
.r,, ,I.;i .+i,,, contains the following s,nteuce:
..,o,n ,. ro.s,c after the expiration OF tlc time
fixed u s,ch lioc' 90 po.irj -hoidcr) 81 c;st 10 rem
--i.Iucc SHAH lave been o. ti,o.'" as
N'eo De ,hti' proceed 20 ati'''.. ' H. nov,
ia is ro,..n "'n,ns , s"' Dr'nortionate amount
10 oc applied " tas ralmcni Of c+s H.INH 10 iig 20
'Ai> "ui #:."! ''! '', NV " l' j. H. i,- ,,,,
',ch q'llpn ION ne Cnt" lioC," INC Inns - @ @
L'N: 80 3''cl' nee ai, ~ ~, =.
l"' VII" M il,,- 49,. r, ~, ..ii., any
Statc OF %e"-io.", or ''.p.r n,'Ca'' 10 i ~
as>et- OF r.pt"i5 o. ~ c,ftHS 't 10, W. COW
Ill.,. pi,"aru NJ, ~ rms aa,,,.f flr rtu,,.,v pres
"I co., nt... ,cr..Iu or contingent a. contained
ID d,luaS.s SHAH rc ad'n.'|iiiic 10 PROOF ds'Ii''
tAc t"Hi"Iy'a gust ''iiiai. ''l,9 90, a., 80, ,,,,
b. ,li If -, any t,iiceucy or fo, some
q n'l r.ii d" 81 ram ."' i "a ~ . ,l,rh u
tt.d Al, dr1i or otHc0l-c before taC appointment OK
. r,,r sl.l be cltitleu prove ami receive GIyi-
tends upon the nominal amount o: lace 90 s"H came
4, bo.d,soi pocics Which "a; the G3tc Of appointment
.n; , u;;.rd 20 ,ioyo ana rec, We ,IyGguds upon
.tl SIN, a. y,.i,ld # fully pad, secIe them I.uru
',;,t .prH II.our.t n ,ba,! be assumed rs "a.
Nh, t rlr i, tp insured roma H., In iGc same uby,-
80 49,, ,rhrl, H.. y,,s insured: aiIo.aIa. n,G.
,baet,, m do ouIy for frc increased ;. OF ~ucn
,i,r.d aud jhc consequent greater prcium. But the
.t ,,,s.V ,,It n.,.. an, .li n. any case 10
r',r, tja .e I'M, original assurance was obtained nc
gig . .i..,,r,3 rr fine u -, 80 .ha. y 3Yaor ore
,,,,, y,i py l,s al thereon have Ice. ID l,u,O 10 DO
mum ~ ", i, rc H. Of ei I.,,ti A. inc ,,.,. =, ~.
Commitment az tt receiver tan il hC Lad continued il
"a, ..g physical condition OF state OF health tLdt hc
,ii' S "a ~ ,| '',, v,i' issued
~ VS. -, .. - ., r,i.io,. ,....,1
Iat AsntihO'J NU'"i'''' VII civ ""''N'"'' ''f'''.'
uuia ,orahly to-day the following extraordinary hi,
iutr. 8uc,d by MI . rOf Buffalo:
I, ,,;, ,t'.,., +t .., for ,.,,
Sf' 10" l. ~, ,''iH '' ' W - @
cI'I lV' -, ',, i, a,;y,n4ts 20 ~. ~ r't
H',S,,' ~ - = 80 - N'-"' '' ~ ' ' ~ $1,000
~ ioioIs: :, .i,,,,, ,.,, ~, ,t,, ,,,,o no
NLt' - Al -, 30 ,tr ' M -,
" Gu - Sun . @ ,,t, g. f,ii n,ta q ~ t,,,
NJ" l. 80 H',.i =. " , "' nam " ' " " ' " -
'it,i f3' m ~ 1t. ~ otg i,,cor.tet 81,