New-York tribune., 1880-10-28

Lewis store his cargo s75 per day. The XII Cor
SON Captain W. c. Plummer is also In port ana IS dl.
day. As she Is an old ship tink she VIII De cor
dcmned There Is also an English ship discharglng'
formerly an American ship ca ed the onshcsf "yh
owned the United states. hut she has chartered TWO
other ships TO carry her cargo. - ,,,
How Is the famous insurance case or the oln nun
Mary getting alongl Wclngaid told me ne,,6 ne uH
rected you ont here again. You Know ,"'1r
about that swindlc to prevent their grttihR & o VIZ
ance and hove You viii expose the whole anaiT MhE
dom the different insurance conpnnct s',1 t t.' t,
cOmms ion u investeate the wholc al", o,cb V' a.
send one AMI VIII send tn IN eNde ce eho'EH ~
condemn the whole ailh[ & as dy so' q" tscm WV don't
you the President Of tue Board o. UhderWliets "n
pos hlmup tc about the case oitle Mary LVeryoue
In l~lao ana Lima Is taking aDuui IT, what notorious
casro swiudung etc, and wondering why the lhsur
mvesgat ion-you know that. Lewis had to pay $1,000
To- get the Washington LibDey clear lie got II hushed
up through the influence OF Melggs IN Lima. -
Grace has commenced SUIT in the Bcihah Ihayer
case here for damages against the Feruyinm uI'yH %
ness Very truly yours, CHARLES H. LAY
CALLAO. Sept. %. 1871.
MY DEAR SIR: L.wfs has reported conid.nualy to
all his friends mat he vii no. only get %0o ooo; .GG
amount of the policy (Which has already bccl oIercu
him. bu at le is $4,000 or $I2OOO more Tor interest,"
If these reports unfounded (which sincerfy
hopol can give another LINK toward competing tne
HSsaenoi f1n dAO laay GaS GTTF arrived from San Fran
TO Puget Sound in the American baE vdet;e told Miller
that he and conversei with norman IN san an
cisco IN reference the loss of the Mary Ihat Norman
toiu % IN Nv ~, va" ,y"a ~, Cantoin Harvard and Dunn
the mate. Norman left IN Francisco I'D an Auiercdh
ship for Liverpool between three ana IOuf months ago
0nr poor old friend Higgins has been condemned 10
paw 5000 IS salvage On MS vessel ana caIeo
which ! low t. b. RAISED ny responun'la % rtti,nc
business Nine was the only declaration In 3 laVI3r
of the vessel and rad il been necessary Parker cou
have had ffy witnesses more who would nave s"oIn ~
expected to see somebody ont from New-Iork on ae
The companies TO wac4 h" Nerens Is
delermnr to con e'nn nrr ana tue oapn @ H3 IL y ne M
he can to prevent IT. II WI DO graz @ sDau'v ne - i ~
are allowed TO have their WAY III Inns, case the uhut
writers having had due warning. Trusting to near from
~" y" '"' 49, '0''"''' OLIVER G JONES.
Mr. GRACE's ASTOUNDING VALUATION.
In the case OF the ship Mary. above referred TO.
the details of the loss of winch were given in The
TRIBUNE of yesterday, some interesting evidencr
has been furnished. She was a condemned vessel
because Of her &c and general unseawOr'hnes She
was purchased for vessel on join; account ol
Lewis and Michael +. Grace, otherwise known as
Seuor Don Miguel Grace" brother of Will
lam R. Grace The vessel was bought for
1900 soles or $l2OSO and was used
for three wears as a store-ShIp. She was then
insured and sent TO sea In taking cut an insurance
policy for $4,000 IN his own na me, Ni!ilan H.
Grace, az mt OF lIr underwriters, valued ne Nessc
at $4,000, or over four times as mnch rs sRe @ @nau
been our based Tor three years b'loIe' Cdp'N"
Neyer>, VINO WIS sent Dy the uuderWrllers olhNeS-
uEato The case, reported that no repairs had Deen
placed on the vessel Notwithstanding this hHn
PLACING BONDS ILLEGALLY.
In the case Of the Ncrens, of which Mr.. Grace was
,,art owner. and also of other vessels. bOttonry
bonds were placed on the vessels III their
home port. TINS is said TO have been clearly Illegal
The t.yt books on Maritime Law" hold con-
clus vcly that hottomry bond gwen IN port
where lie owners NAV be communicated with in
person. by telegraph or by letter, within reason
able tine. Is fraudulent. Parsons Oh the law oil
shipping says:
I'll, sand mat master in port OF THIS country may
bottom hs -Ip her nome port ln another stat but
ms ms run. u o'I.U' , C w o bir,pr Inc sI1p TO tle
paymcnt Of mari ime ntcr'-t. the owner can lr con
eI,re ar IN another country II the ml~trr be the
Br -sn Provinces aud owner iu tne stat" of Name
W.tuu days san or Iie Of hIm, m mister can nav"
no ,ucl power L must be fofes pr. IN the sense 0,
be the port Oi destination
Juage Story IN an opinion given in the ease OF
the sap Forttude. says:
To Justify tne giving Of bo;tolry bond it is not
reuar-. there shoulI also be necessity Tor
rcsoItlne 10 DotomIy bond orucr 10 procure The
uroper funds 10 drrray tue expenditures Tue
giving bot ttonry bona is. Therefore. propery Sald
Jremi,y, Of urgent necessity, or OF eX"eme
pressure II the master mas duaas ,,,,, ' f.,,. ",.
upon he personal credit of tue uer he II not ordl
uarily "a liberty u resort 10 a Dou"lll lo'h'
Judge Lord StoWelI, In a case before HIM, says;
II the master takes up money from "A person VINO
Knows TIA d general crIt ln the pace. or al
ca.i an covered CJI-lEHct, o. ag"Hl. th' NuG o.
b0ttonry boud is av0id trtuSacuri-u"t Affecting inc
property OF the r-Ouly TX NJ loss ahl s'aie Oh
tnc IrfII % lac tenders.
Abbott on "ShIpuiug' says:
II may b. Questionable whether lender oI boteury
bee bolni To see the Application OF Gle money hc do-
vance, but ID is he make due inquiry 10 a.
e.t,u that an uuprOVd necessity cKlsis ana that
without money advanced The sP cannot proceed Oh
lie VOYAGE
lie also adds that when unmponant repairs are
made aad sores furnished b fore the advance,
although there was 40 fraud on the part OF tAe
b,ndho der, Yet as there was real necessity Tor
borrowing at maritime interest. the bond should not
be supported
Ihr following is an extract from letter writ en-
to The underwriters by an agent sent to CalaO:
For grace Of heayeI
ray, sIuuefS, pray
ALWAYS wihe here below.
Bu, IN tIs AaVcn
Ecwart, beware,
The Grace Oi Calao.
The irst n sure sai walton.
III / al iusurcs d.InlatlOn.