, 1877-02-03

The future OF the stock market In The event OF
realization Of The homes now entertained Of re-
vlval Of busncssis discussed by tho Doston AareF-
tittr. It thinks that the effect Of better times !
,roud bo first sccn In an Increase The operations
OF Mills manufactures, and railroads, and all ~"
rfec!atioN In the prices Of the corresponding
eccuritics. IN tho other hand such securities as
State and municipal bonds. which hnvo gonc up
under the dcn,anh for tafe Investments will de-
cline in valuc. as large amounts of them Will be
sold 10 realize capital for norc profitable ventures
HOW TIE new JERSEY MCTuAL WAS MANAGED.
Tie report OF Ac.uary Fncktcr 10 tho New .1crtcJ
Insurance Superintendent says the last nnnhtl To-
t,tf OF tho Ncw Jersey Mutual was grossly tncor.
rect. There was m omission from The iiabil1lscs
Of o k,iH Of $50, 600. which wns shown bJ the
books and private balance sheet. This was COM
posed Of: I5ills payable, sloo, ho.o@; j. II. sted'
welt, President, st7,DD III; Second National
Bank, s.. 600; pcssonaI accounts. ST., 80a.s
There were many strange entries In tho ledger and
collateral hooks, which tho Secretary said could
only bc explained by the President, who was always
away or elsc without tie necessary memoranda.
The business hns been loosely conducted md
notices for Directors meetings served TOO latc on
oil whotc ahsrncc was desired, nnd tho eccEctary
has not attended tho meetings, as required by law.
Thc Company failed to provo 10 tho Aetuary their
ownc1ship al coupon honda produced, OF 10 SUBJ
nit Tor examination the mortgages which tho COM
uuny Is enpnopct to hold. Tho defctt is set down
III Fncklcrs rcport al SILL 500. hut Is feared It
will prove to be much larger. and Fnckler stated
subsequently to making his report that tho de-
accncy might probably bo Increased 500, GOO to
$500, 600.
INSURANCE. LEoisLAr1ox IN new YORK.
Arc.o,utton has been prepared for adoption by
the New York SENATE calling for tho appointment
Of .pecal committee of three 10 report bill en-
bodr!ns the following points: ~ Regulations un-
der which lltc insurance cotnpnnlca may omal-
FrztS ida v 1nA
all rucl1 amalgamatiuns to bu under the supervision
pt tie proper stnto officers: ia) regulations touch.
Ing tho Investment Of The capital, surplue, nnd
ns.cls of companies; a. restricting. by sultablo
rrovlelons, tho expenditure Of no1lcya belonging
10 the companies and controlling tho salnc; ~
providing for moro complete and detailed reports
than companies aro now required 10 make to tho
Superintendent Of Insurance, and also for q moro
thorough and .ystcmatlc examination Of companies
by the state officers.
THE pErAuLTEp MINNESOTA BoaDs.
sclah Chamberlain, who holdt large amount Of
the dcfaulscd Minnesota bonds. has submitted q
proposition to compromise, Of which tho s. Paul
Pioneer pFfss says:
etusa nts!sst s4h boSd y s. III q sosas!a!ns
ysr " ~ e a s g. ~
G" s5
sloSt s.@1 co. Nh nis1t's % q ,shien wSui d, Z
cyrrsmlii liz ,iaIiaI Il ,sastlon. TEs
Ert traY fette with thu !l0GcfB Of these
bonds th Gctcr Tor tue gUOl and credit of the
Stale. -Four nttlpn do]lata sounds arRe. but 4 but
Minneapolis and ii about bnr.fourtEenth past OF the
debt Of Masuurl.
TIE AMERICAN MINING HOARD.
The Mining md Stock Exchange OF New York
have resolved 10 Into New street, 10 in.
vito tho cn.opcrao0 OF PARTIES wiu desire 10 trade
IN railway stocks nj lower than regular commit
sions. and to aid the opposition 10 tho Nav YORK
stock Exchange.
REDUCTION OF LEGAL INTEREST,".
The Connecticut General Assembly Ia consider.
lng bill to reduce tho legal rate Of interest In that
State from 10 q per cent.
MAlLR0AD HONDS.
The following bids were made for railroad bonds
on tho New York Stock Exchange Jan. 81: