The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-01
LOCAL MATTERS.
Seni.Annual Dividends.

The following DankS ana insurance COM
ranics have declared semi-annual dividends,
free of taxes, payable on and after to-
morrow:
THE VIRGINIA FIRE AND MARINE Insurance
COMPANY make their sixty-third dividend
ont OF the net profits for the past six months,
which amount to the handsome sum OF
$52,I3l.55. From this the board OF direc-
tors pay the stockholders $4,000, or eight
per cent, and pass the balance to the sur
plus fund, which is now S261, 7G6.07, and,
with the capital OF S2j0,000, makes their
total assets S511,766.07. The stockholders
are to be congratulated upon the high degree
Of prosperity attained by this old and pop,l-
lar home company under the iudcious and
energetic management OF their able officers,
MesSrs. William L. Cowardin, president,
and William Wills, Jr., their late secretary.
1t is we'll to mention here that the latter
gentleman to-day enters upon his duties as
secretary OF the Virginia State Insurance
Company, and is succeeded by his brother,
Samuel j. Willis, a gentleman every way
worthy Of the responsible position.
THE VIRGINIA STATE INSURANCE Com
rANY declare dividend Of five per cent
every six months rs regularly rs the time
rolls round, and nobody expected less while
John L. Bacon is president and William
II. Christian secretary. The vacancy caused
by the death OF their lamented secretary
having been filed BY gentleman Of TWEEN
ty-SiX years experience in similar institu-
ton, and their president still being in the
full vigor OF his well-known financial abil-
itv, we predict for this old, conservative
company future even brighter than the
past.
THE MERCHANTS AND MECHANICS ,INSU-
RANCE COMPANY OF VIRGINIA have reason to
be proud Of the results Of their work the
past year. They pay dividend Of FIVE per
cent, and add largely to their ample surplus
fund. NeSsrs. 4. Y. Stokes, president, and
j. b. Moore, secretary, are the efficient Off
GERS OF this institution.
The FIRST NATIONAL BASK-Isaac Daven-
port, Jr.. president, and S. A. Glover, CASH
ier-havc declared dividend Of tive per
cent, the regular semi-annual dividend
received by the stockholders for years past.
The policy Of the directory to accumulate
large surplus fund is still continued, and its
wisdom is vindicated by the high premium
its stock commands on the market. !
THE MERCHANTS NATIONAL BANK-Thomas
Branch, president, and J. 3. Morton,
cashier-pay dividend Of three per cent,
and add to their surplus fund out of the
profits of the past six months. The institu-
ton is in flourishing condition.
THE CITIZENS BANK OF RICHMoSD-Z. W.
Pickrell, president, and E. B. Snead, cash.
ier-although one Of the youngest, is al
ready amongst the most prosperous Of our
savings banks, having a large deposit line,
a cash capital of 100000, and surplus
fund OF $4,000. Besides making q dividend
Of four per cent, three per cent. was car
ried to the surplus fund
The UNION BANK OF RICHMOND-1saac
Davenport, Jr., president, and james Mil
l.r caShier-payc dividend of fonr nor
cent. The long-cStablished reputation of
this Savings Bank and its cash capital OF
$3.50, 900 are the strongest guarantees the
public can require OF safety and fidelity.
AN OFFICIAL DlSNER.--The officials OF
the City Hall were RECALLED with nice din
ncr on Saturday afternoon. 1t was tender
ed to them by Mr.. Gus. Wolf, and was
thoroughly enjoyed and appreciated. The
table was beautifully set, under the super
intcndence Of Charles Regal, Esq, the
popular Boston caterer. Mr.. VOLTS health
was proposed, and he made handsome re-
ply. There was much taken in in the way
Of catables, and many good speeches were
made and many good stories told
PERsoSAL.-Governork emper yesterday
appointed the following inspectors OF to-
bacco: At West Hill warehouse, Peters
burg. on the part Of the State, Robert II.
Jones, ujce w. E. Hinton, who declines re-
appointment. R: A. Booker, inspector at
Randolph warehouse, Farmville. Il
The Board OF Education has appointed
the following superintendent Of schools:
Rev. w. A. Hill, for Greene and Madison;
Professor J. l.. Campbell, for Rockbridge,
and John Howson, Esq, for Spotsyvania.
Poice-Justice White will have no New
Years reception.
Governor Walker and lady will not be
in Richmond on New-Y ar's-day. The
Governor writes friend that it will be inn
possible for him to leave Washington.
THE JAPs To-NIGHT.-The Theatre will