Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1878-12-13


INTEREST ON INSURANCE POLICIES
The following decision Of interest has just
been made in the Court of Common Pleas
in Baltimore:
Suits of the National Valley Bank of
StauntOn, Va, against several insurance
companies, to determine their liability for
interest, were decided by Judge Brown, IN
the Court OF ComMon Pleas, Saturday -
The MOTEL of Messrs. Peyton Il Co., at
Greenbrier Station, on the Chesapeake and
OHIO railroad, and in the vicinity of the
Greeubrier White Sulphur Springs, West
Virginia, was burned down in the spring
of 1877 The policies ON which the inter
est was claimed we're assigned to the Bank
by Messrs. Peyton u Co., in July, 1877, OF
which notice was given to the companies,
but prior to the assignment an attachment
Was served on the agent Of the companies
in Baltimore to claim against George l..
Peyton, of the firm Of Peyton Il Co. In
February, 1873, two other attachments
were issued against the same fund in suit
against Peyton u Co. In April, 87s. the
first attachment was dismissed, and in Ju-
ly the other two were dismissed, without
trial 1t was contended that the interest
was due On the policies from the time OF
losses. 1t was admitted that the cOmpan-
les were at all times ready to pay the loss
es; but were restrained in consequence of
the attachments, and that no interest had
been made by the companies on the mon
ey.
Judge Brown decided that the interest
was due from the day the policies were
payable. That the first attachment was
void because partnership funds were not
liable to attachm Mt at the suit of credi-
tnrc nen fy,a i,6i ,o1 nv,I ~
was therefore no excuse for nop-payment
by the companies. That the policies hav-
ing been assigned after they were due, be-
fore the other attachments were served and
notice OF the assignment given, the COM
panies should have paid the money, a for
NAL demand not being necessary. Judg-
ments were entered in favor OF the Bank
against the Bangor Insurance Company
for So. 722 so. the Royal Canadian for S.
AS, the Merchants. of Providence, and the
Roger Williams each for $2,994 rs.
TIE San Francisco schools, among
many other good things, have corps of
twenty-five substitute teachers. They are
paid SO day for actual service IN pri-
mary class, 81 in grammar class, and
Sl.50 Tor remaining at the Office half
day to answer calls. They report regular
ly every morning at the rooms of the
bt ard and are sent out to various schools
or the receipt of telegraphlc signals.
Hundreds of barrels of Albemarle pip
pins and other varieties of apples have re-
marie and Nelson counties, Va, for ship
ment 10 England, where they command
top prices.
Tie BQ ton Herald" thinks that Mr..
Hayes fairly represents the average mind
If the Republic, as Lincoln and Grant
did, and that he is preserved from some of
he mistakes Grant made by having better
advisers"
The marriage Of Mr.. George Montgom
cry DAVE 10 Miss Margaret Preston,
daughter Of Gen. William Preston, OK
Minister to Spain, took place at Lexing-
ton, KY, on Thursday evening last.
Capt. Frank Boylan, civil engineer,
formerly of Harrisonburg, Va, was among
rs; Mi:ys yellow fever victims at Vieksburg,
Rev. G. W. Brown, Christian Baptist
minister of Shenandoah county. is lying in
! critical condition, from an accident |
n u!lC uC was dluiuS III OuAuAu& d uVu96 .
or one of his congregation,
Prot. c. B. Percy in charge Of the
School of Engineering at Washington &
lee University has resigned to 20 into the
eryice of a Tennessee railroad company.
Ysaey Coleman; eolored blacksmith Of
aage county, shpd a horse all round, On
friday last in nine and a quarter minutea.
Oats are worth ten cents hgshel in
Missouri,