Daily Republican., 1879-01-04

dency to drag men down.
The d. y. =. and N. Insurance Com
paUy.
There seems to be difference Of
opinion between the Erery Ereni"g and
committ.. of well known citizens, in
relation to the financial sOundness Of
the Delav are State Fire and Marine In
surance Company. Ever since, or a
short time after the company was or
carried, it has been the object of the
most vicious attacks of the paper named
whether rightly or not, we have no
means of knowing, but these attacks
became so personal and vindictive
that the officers in self defence were
compelled to vindicate themselves and
struck back in such lively manner AS
to bring ON a suit for Islander instituted
by the Er,ry EUentnq against the leadln-
officers of the Company, WIN. Bright
President Dr.. J. R Tantum, Vice
President b. r. Hawkins, Secretary,
and John Wood, one Of the Direr-
tors. The company being stigma
TIED as fraudulent in character and
dishonest in its transactions, the
officers set about defending themselves
and called upon such fair, competent
and impartial men as Thomas Darling.
ton, Joseph J.. Carpenter, Jr., dregg
Chandler aud Professor William Muir
ply to thoroughly examine and report
upou he condition of the COMPANY,
and the company surrendered all their
books and accounts into their hands for
examination, and TO insure that there
should BE- nothing done wrong, Prof.
William A. REYNOLDS was called in as
a special auditor. Nobody will doubt
the integrity and ability Of such com
mitt.--indred were III" city hunted
all over it is very doubtful if a more
comprten. and honest committee could
be found, and that committee reports
/ that the company has in its possession
$ll9. $50 in bonds, mortgages, stocks
and real estate, of which $50, $50 are be
/ lirvrd to be- first-class, and they bell"v'
ed the balance. $62, 700, to b" valuable,
the real valu" heiug difficult to est.
mate. owing to the iluctuating value Of
some coal land securities and real "s-
tat. at a distance. The committee alsC
found 1872, s5l in premium nots III
possession of the company, and they
are the best kind of securities, and that
thpr. wer" outstanding policies amount,
ing to 81 800 sos on the mutual plan
. inh - ~, JtO WI VIZ "'''h P'"'' ~
closing paragraph Of the report "" copy
in full, as follows:
1--WE find that just claims for loss"'
nave been promptly paid, the books o
the company plainly and well kept
and we are satisfied that the company
is now, and has been honestly anc
economically managed. and is w"r
thy the eonfd' III Of the public
So that there IAN be no mistake OF
the part Of the committee making thu
report which might mislpad, such al
able and qualified special auditor a
Prof. W. A. Reynolds certiteS that al
the foregoing items named in the report
are taken from the book Of the con- pany
are correct, and that he had PERSONAL !.
seen and examined the securities r.
l4rred to. Now we do not know hoy
such a report strikes the public, bu
l,r must confess that We have such III
bounded confidence in the integrity
ne committee that nadr the examine
ton, that we do not for one m0meI
! douht the correctness Of their COuClu
) ions. In the face of all this hoWeV'
) the Ecery Er'"t'g of last evening, int
= mates that the officers of the compaI
4 have drawn WOOL over the eyes
70 the committee and they have been "
4 fully deceived, and even goes 50 far 1
+ to indulge in personalities again
l Messrs. Darlington and Carpenter Of Il
= committee, and Prof. Reynolds, the Al
ditor, but strange to say he does n
t ompliment Mesars. Murphy and Cha
r Ter in the same manner.
d As we have already said we kno
= not hing about the affairs Of the comp
d ny personally, hut we are willing
q accept the conclusions of the cOI.lmitt
II az true. and we are very much miSta
en- if large majority of the public wi
not view it in the same light. Sue
: men as Mrssrs. Darlington, Chandle
IS Carpenter and Murphy are the last mt