The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-15
LIFE INSURANCE.
SUPERINTENDENT sMYTHE's REpoRT-THE COST
OF EXAMINING TITLES TO PROPERTY OWNED
BY THE VARIOUS COMPANIES

SUPERINTENDENT sMYTHEs REPoRT-THE COST
OF EXAMINING TITLES TO PROPERTY OWNED
BY THE VARIOUS COMPANIES.
ALBANY, N. Y, Feb IA. 1878.
superintendent Of Insurance smythe makes tho iol-
lowing statement TO the services performed By the
gentlemen who have examined the titles to the prop
erty owned by and mortgaged to the lie In
surauce companies and OF those who have appraised
the value OF the properly
THE EQUITABLE ASSURANCES SOCIETY or TIE UNITED
STATES.
Immediate Office and continued by tho attor
neys designated by him and appraisers ssreed upon. as
The bill Of frederick H. Belts, for tie examination Of
other papers Involving upward of so 100000 amounts TO
hs 81 there IRE
in the Insurance Department. three commandments one
have examined the statement annexed marked
showing character of the services rendered by you
in the examination OF the titles OF the Lilo In
considered the services reasonably worth Womb say
snins the oowinr charges are moderate lair aud
Bile For the first five nun red titles not less than so
$ each In this in respect to charges take
apun h tue the
GOOD and the very large OF you aud those
%hn ma aSn the sases have named
able one from John Porter OF New York city jim which
Il have made the same examination entirely
services In view Of the amount Of labor in
volved and the professional responsibility incident to In
Of this nature consIer the OF
named ny him reasonable ard just" And one
from Ticknor Curtis OF New YORK. city. Ia which he
says; ... - =.
the Equitable Lie Insurance Company and the letter al
dressed you by Mr. Clinton entirely In tho
proprety and abeness OF the charges which Mr.
Clinton mas recommended" -.
have no information whether this bill Is paid 20 Mr.
Belts There he In the department.
the method adopted by predecessor to secure
the gentlemen who appraised the vaiue Of the
appraisers for the appraisal of said property. IL
being understood that mutual arrangement was
had between tho Equitable Life Assurance society
the Acting Superintendent OF the Insurance
Department to who should perform this service, 10
known what amount paid to those gentlemen "
Company uil OF Messrs Harris Rudd attorneys for the
examination of twenty-five titles OF property owned ~
aud norgaxed to this company, comprising abstracts
bonds. and other papers, involving $0oOU,
which bill ~ made at vneourth o one cent ON he
amount involved aud amounts TO 1888 80 -
Following are bills OF appraisers &c H. Thomas, Tour
pieces in Rensse county ST. N. w. Eason one piece
county, $40 40 n. Grant, one piece, New York city
$50 81; NJ. Wallace john Rowland and W. B. Mehus.
fortystwo pieces, Albany county $175 These bulls. AN
informed have been audited by tho Comptroller ana sho
amounts paid to the parties interested.
THE UNIVERSAL LIFE.
animation ofi05 titles property owned BY aud mortsaged
this company, involving 81, lU5,o57 amounts To
$2bS D. beng oncfourth OF one cent nortgage'
and $500 properly Ou this hill the ulfow
ing: From the statement made to by Mr. Hsrris Of
the services performed and the responsibility attending