, 1877-05-25
The Republic Fire Insurance
Company Nearly Set.
tied Up.
The Principal and Interest Will All
Be Paid OF in q Fow
Months.
Testimony for tho Government In tho
Lancaster Caso.-. arguments
To-day.
Escord Of Judgments and New suita
---Bankruptcy Matters.

The Ait1, dividend meeting Of tho Republic
Fire Insurance Company wns held yesterday
.fter,,ouu at 2 O'Clock In tho United States
Circuit Courtroom, and tho efficient Ass igncc,
Nr, raysor. had the satisfaction Of reporting
tbat he had on hand a sufficient sum to pay the
whole AMOUNT remaining due on tho principal
Of the Companys liabilities. 1Io also stated that
mi few months lie would be able to pay interest
10 date on oil the deferred payments, 50 TINT
The po1Icy-huldcrs Of this Company wilt rccclyo
both principal mud interest on their claims.
Tbts Is the only company Which was bankruptcl
BIZ the great fro that Inns been abio to pay in
fill. str. Payson, to whom great credit Is due
for bis success, Is an expert accountant, Anl he
Ind prepared most elaborate schedules Of tho
Company's complicated affairs showing them in
e1ery light. A tedious Job IL Jet to be gone
through! with In compiling o schedule cf tho
claims on which to. compute interest, ~ not all
ercdItors arc entitled to the same proportion.
Tie following ID hynnpsts OF tue niorH lnpur-
ttnt points Of tho report:
Cash on hand Sept. 10. 1875. the dato Of
.hs ~ ~ a'1iaona saot is- MDSa ;SyI
puSosse1nsnts from Sept IL. isis. "a
ga|ense on .t ,,sna sspt. !, 1870; 1,7oa
which sl:l'. 90 60 was asacssed on cop.
ital Btock,.. l3D. 43l
sl3s, 1n7
disbursements during samo period. ..,..... 27,U00
A,en1 1esese Cd 7" fFo tockhocrs On
tertfheates which ara now in tho na%
teTeFs hhnue. ..........t.... .,....... dl,3~t
Az will be sccn. tho bulk Of the collections
xesu on an assessment on tho stock. When
the Company went tnto bankruptcy Its liabilities
rs-c about g, O00, and It l,a,i oM hand about
&NO,0O0 In Government bonds. Tie amount
xlfch WIS to bu COLLECTED from tho stockholders
ss nearly 81 .Oo0, including costs of closing
xesemadc, o'le Of 10 per cent III February, 1873,
md second Of 10 per cent in October, 1870.
This Inst assessment Is expected to produce
enough to pay both the remaining 29 per cent
payments at U per cent per nnntm. " this
tytD0 which Is considered good.
Thu following is Ms. fayson's estimate for
dlT!dent:
Amount Of claims paid to Sept. i, 1876,
IN whlc1, dividends to thu amount Ut 10
psr cent have been dcclared. $40. 7s0
e:n: .:h 'nsf has psss e Az psd as ." o
pi,asa. 's' aaps& on sslo, 55 o5 ca%; w.
AR%osat ii ptopo:ea dividend oi 10 paf wv
cent on tEefe ElAlH16 1GH, 143
Add dlsdcnila TINT Will be due on clnins
pEuEcd B!ncs May !. 1nT.............. 6,053
Amount unpaid on all claims proved, OK
en'ise II interest.. STA, ISL
tsM amount Df 20 per cent portion VI
dividend TO bt credited on 3aDtl, s4H.7U
Ufccrtiacatca deposited by stockholders. 70, 900
Amount Of cash rcquirad to pny dividend
81 90 per cent md Ill claims In full. or.
e'uslve OF interest. t...,.........u......$O "a, I'll
w. OIL hanu'. '....s...-......"....'., 110, bDD
Excess Of cash oser dividends. s.,.....$ IL, 7s5
Thu following ia the cattulate of liabilities and
ntcss after paving 100 per cent dividend:
Got1l unlonnt of claims. ....... ........SBtB: 500
Deduct certificates dcpasted by Rtockl.old.
en- 10 pay assessments " follows ...,.,. HOO, Hi6
Balance Of caa!ms on which IntoFcst will
hare to bc pald In cas.... s44s, 5A
lIAhjLsftEAs
Interest averaged nj II PCT cent on $44Y,-
E1scn belonging to Stockholders Of 325D.-
olbet clatms that may be proved. 1900
soo, 90
AssxTe.
f1tess Of cash after layfng
rpfihepa! IN III! i!.....,.....:....tl5.7 7s&
astessn!cnts, less c9st Of ctllcc.
- tl9n, e:0. :0.ooo....*........... u, ono
Aeal estatc. .,..... l,1D0
lNlectab9 on Notcs. LIMO
Once furniture. 5Uo- 90, oe5
RatmAtcd excess Of asacts over ileba 49,, &lQ 600