, 1877-03-06

bo declared null and void, and that the further
carrying ont Of them bo enJotned; that temporary
snd that such other relief b asanted a. appears
proper. 4 RcfcEco WA appointed.
INtoLvHxr sAviNos BANKS.
A new law for the tfchtn,ent hf saving banks In.
fosvcncIcs has Just been passed By the Maine
Legislature. It Il Substantially an adoption Of the
law Of Few Hhmpshire.' By its provisions, when a
rawlings bank has become insoivcnt by losses or
depreciation Of assets without fanlt Of tho Thus
teas, the bank may Be allowed to continue BY seal
Ing 'Athe deposit account Of each deposition. 20 hs
10 divide such loss pro rata among tho depostors,
thereby rendering tho corporation solvent 80 that
IT, fatthrs proceedings womb not ha hA.asdous to
10 The public, or ifs dcpoetofs. The law provides
thAt II the deprecated aascts tnhfclrcnt15 return
Isrrcr sum t1sn calculatcd when tho reduction OF
deposits was made. the eurrlua IA to be divided
among tho dcpotttors interested. IT the Court Ia
not satisfied thnt the Trustees Of the bank have
been without fault ID thelf management tho
Court may wind this bank up in the usual
way by tho appointment Of 11eectsets. Thsre
arc many catss Of bankruptcy among
savings banks In which the Reettvorship ensata
greater losses the lcpostots than the insolvency
doca. 10 g,ve discretion 10 court 10 n11ow tho
bank In certain cases 10 proceed ~ above aeens a
sound procedure, and has worked admirably In
practice In Now Hampshire, whese 1t was hrat
trlod
PENNSYLVANIA 1nsuRAHon COMPANIES.
The Insurance Commissioner Of PennsylvantA
repurts that there arc Id PennBylvania 6fty.six
Firo and Matlnc Insurance Comppnlcs, Of which
twenty .Gvc-lnelndlnR those Of The largest capital
and assets-are Philadelphia corporations. With
eash capital paid up Of S11, 11. 27s. those dfty-
six companies have nearly thIrty.tw0 millions Of
asiets, and Oh Jan. wers carrying risks amount
Ing to eight hundfcd and e1ghty.tvv millions.
three. .fdusths of which were written dns'ns 1870.
They received during that year So 7gs, D1D prcm-
lufnB On IRE risks, and 81, +gf. 1B0 premiums on
hlartnc risks, whilst thcr ro losses were 81, J03
433, and their n,arino losses 81, 7B7. .4Dl. Thoy
a.so paid 81, 32G 13a dividends TO lher starchod.
ors-a sun eqnal to about IL por ecuton thclr pad.
mp capital. or about 1 per cont On ihelr Hroes
asscss. The total liabilities, inclnIing capital,
were nearly twenty -four millions, md their surplus
as regards 'holders H. beyond all liabilities
$40, co.., 49c.
49, RAILROAD noNps. -
Tho depression abroad IN American railroad honda
continues. Tho Lou1on :Ecoho1.lst OF the 11th
inst, yays., Prices lavo vaTlod considerably, but
cioae nbovo tho worst points touched by tho rail.
way securities. Tho fear OF dofault on tho bund
Interest Of OF tho lines whose securities llayc
boon taken on this side has hFouRhs under tho con-
s!derutiun OF lnvestora many difficulties under
which thry arc placed ty tho Intricate legislation
Of various States. and tho uncertain fsanc Ut lft-
CATION generally In America. One result Of thts Ii
~ bring tic CURRENCY bonds iuto comparatively
better favor than tho sterling honls for the latter
isaurd here md Intended exclusively for English
Investors, hayc q more cltcnmktribcd nnTkot, and
nra not readily taken By American buycrh; and
further, sterling bond bears on tts face certain
evidence TINT its owner ie not IN American ciuzcn
which Is calculated TO damage hia ca.ewhcn the
law 10 appealed 10 on that stdc." .e ~.
.,. GOLD AKp 0REENnACKa.
Gold was 1o}asG l04h In grccnhacks.