The Morning herald., 1877-07-02

the Company il in RsilEoad sharss- ~
an examinetion u th StoS list of ahe
I'm. Y. Hsssld, offriday last, - find esly
| three of th6 stosn quoted, swit: ke
Shore and Nichi IN SoutheI New Ksrk
Central ana Hudson, and Fort wsyns r.
R. shares-and they were in the aggregate
sold in New York sixteen per cent. less
than their value, as assets in the advertise:
ment ia Wilmington, two days ago. We
have no means of obtaining while writing
the selling price of the other shares, but if
our memory is correct, the shrinkage in
the other stocks were very much greater
Nearly one-fourth of the assets are Bank
stocks, not at their par value, but at an in.
Astion of thirty per cent above par
the stocks may be worth it; bat with banks
hardly paying expenses as rule, we fear
Hartford would be troubled if $500. .060 of
its Bank stock was put on the market to
meet big loss. Almost one half Of the
assets are biIlsreceivable, secured by mort
cages and trust deeds. This is a huge ven
ture in that line ofinvestment. Anoticeable
feature Of the companyis the utter absence of
United States securities in the list of assets.
Nothing is said Of the unadjusted losses, if
any. 10 as,T59da) "o4 sTs sos-sa.l "' I
The second company on the list. begins
with showing Of one.half of its assets in |
Cash and United. States securities, which |
is a sufficient endowment. n, -"
Another company has one-half of its
assets in Loane, on Mortgages and Stock
collaterals, not dollar in United States or |
s ate securities. Losses in course of settle
ment equally one-tenth Of its assets. Still
another shows that three-6fths of its assets,
are commercial are Commercial paper,
loans on Stocks, and Mortgages:-abou on
sixth is made up of United States Bonds
aud cash. Uasga. l..asteg 4 .9s'ho
We mightgo through the entire. list and
Gull out curious and suggestive facts no
doubt the agents in this ci y will give the
statements if asked. One thing is certain,
the persons who insure are entitled to pro-
lection, and at the next meeting Of the
an Insurance Commissioner
out to be appointed, whose duty it would
be to see that the assets Of these corpora
lions are realities. '' ''-'-'
An Insurace Company Of solid worthy
men, such as the Ere Association, and the
United Firemens, Of Philadelphia, were,
when formed-ought to do we'll in Will
nington-with the shares at about $25 or
'50,each, 50 as toeuable the members of
he Fire Department, iu connection with
'thers, to become largely interested. Men
Who have put $50 into either of these in
itutions we have named, few years ago,
lave been paid large dividends ever since,
nd their stock has quadrupled in value.
A little plain common sense, and the I'D.
ice Of few people who could be named,
Vould make the movement success.
The following are the reported losses Of
be Companies whose statements were pub,
shed by two Of oar Insurance agencies Oh
aturday, by the St. John fire: i
liverpool and London Globe, $3.50 900
oyal Canadian, .a, .r~...... ..f 100000
ri1ish American, d., ~ .2O,OOOj
,orth British & Mercantile, Canada, eOO,oooI
Iar,ford, s'''E''.T".".' f'h '.. 4OO,0OOl
-. . t5lugt lo 77-at7v "a -
Iotai, SO r.--ra~-1 3 geo $l,7O,OOOl
In view of the large losses repu,ed to
ave been made by the Companies repre-
nted by,wo Of our Wilmington Insurance 1
,encies some exact information as to the
cts would relieve the anxiety of some
surers. In addition, a vivid statement Of
cir affairs would not hurt any one. The
lsurance men have the floor.