, 1877-08-05

Eouitable's assets are nearly S30, 0,W0,U ,UOO, aud
this immense sum is strictly under the control
Of the stockholders. No wonder that tnc placss pns
that noue is to be had for love
or money. There are other instances quite
IS remarkable. The lEtna Life Of Hartford IS
stock concern where SLOT, 600 st"ck controls
assets with over I'll .0oO0O There ls dans.a
by legislation next winter, put, SO long
a the one-,nan power is dangerous
in moneycd institution, this sys.-
TEN is 1rausht with danger to: policy
holders. The Furber mischief is q specnncn.
This man absolutely controlled the Company,
and then caused contract tobe mace with hint M
self which ty his own showing paid him s45.'
900 in two ye.rs. Legislation must he invoked
to eiYc policy holders voice in the manag'-
r,ent OF their own money, or furtner olsastefs
will cusue-
1SsuRAScE AGAINST BURGLARY -.
The National Burglary & Theft Insurance
Company is the name OF new COMPANY n1st Is
started here to insure property aea'nst loss ps
external thieves. By which Il meant thieyes ison @
berry. This is IN old idea, but has never been
ins MN OF the Company is John +;
Collins, lately Of the Knickerbockcr Life. and
formerly Secretary OF the Republic Lie, OF
will make success Of it it any cue man can.
pendent onS p II tie New York Insurance.
Department. yet hrarelv publishes notlee
upon its advertising leaflets mat IT nas
partmeut as security for policy-holders. There
Is Z screw loose IN this statement, as party
Interested recently wrote to the Department fo5
information on tue subject .;ga aa rde19sd denos;1
has been made by said Company with
This Department for, the protection OF pollry-
holdcrs.". There Is suspicious silence Aso II
the publication oi the items ol investment u
tho capital OF the Company. Se'eral Par..es
who were solicited to take stoyk nave sehoftsea ~
that it vas speculation. anq apoo! All lug
character tnat the Company HIS ~ "leolause
circles is derived frotn the connection OIL Jona
+. Collins With It as Secretary.
WHAT or THE NATIONAL boAkDs
It is rather amusing taan otnclahe a,,at. ~ WI
ness the disuitled disgust oI various oluc1ai1
a.iu tSecnL9c eou " lug
I ton IS u mer1Ionrd in tole Of indifference
or course, General Agent Montgomery. with iIis
snug salary anl comparatively littlo
US believe on the outside that the Board is still
grand conseryator Vi il+selraucc forces, asli
destined to enrich the Company. but Ac cannot
do it. In sober truth, tie board Is st1l! useful
in acquiring valuable statistics and III keeping
practice a1uong agents in particular localities,
but it Is no lOnger an lnquts.Con, WIN power
to punish and cxturt confessions Is formerly.
1t provides a small amount of lubrica!ing oil Ter
local boards, and tells them in substance to
Il be god boys and work along smoothly rs yoa
ea' LOU lou: 'eA Thora a - cSnsenrcntS 1ess
~ tL...,a aaee1. t,.n f,rno.rir onj mnrc liar
lrict:on ,,;n 1nau o'oi = nc nnreaa,or t1,t tno
Hoh9. 4.eie LIT @ 20 ~ ~ con.a,ess rrv for
companies VII svuu Ane ~ .n.s - - ,i.1 ~
reuucllon' Ieuucto ~ 15nfe5 nu ~ - 1atber
Jun ~ nso'en.o sn.o w. thc co,,nsn;cs are
sor unlAo,.1: iat1 'h,'a sL affars on oe.
Teany, tne -Haslo'as a. r. 1,fr, II ;s hs;;nvc,
1ect'e Lnet1u c ~, ene ,,,i ~ rcv;v.d cre ~
tuAt t.'c St' l'Ina Gua1o ,.ntnd Tha e;tustion i