Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1880-12-09

Colorado Your barn ID burned and you
can't Put 1t up until you get the
money. This company makes assessments in
Colorado Ohio, New York. Pennsylvania and
other States. You send your assessment to
Colorado, Wen say. II you push the man
what is he entitled to. Why, in the great
bulk of the Western States that man Is entitled
to an exemption homestead law. He Is as
sessed he may have property insured and
given his note. What are you going to dor
You are going to wait for the decision Of the
Courts in Colorado. He may make way with
every dollars worth of property. He has no
local ties in common with YOU. Where is lis
assessment? Now, gentlemen the biggest
frauds ever committed by insurance c0mpa-
iies in tins country have been on the mutual
plan. That is the plan by which they can COM
nit frauds, Why! Because they can plead
all these laws?
Was it ever intended when these mutual
companies were incorporated that they should
go TO Colorado to insure? There was never
mutual lire Insurance company in the city of
Wilmington outside of the State of Delaware.
Life. many that is another thing but no
mutual fire insurance companies. How many
policies has the Farmers Mutual outside the
State2 suppose man goes there to insure,
are there any questions asked, ouly as to the
location Of the property. whether il Is brick
on otherwise2 They take the policy, and are
glad to get it because they are willing TO rnn
the risk, for the reason that they know your
note is good. This works well, 10 long as
you hold the company down to the confines
of yoltr own State, FOR they know their mail.
Int to tell me that Il company can 20 to
Colorado Ohio, or these other distant states
aud do business safely on this plan, that is
the greatest ab,urdity.
Did the statement that this company put
forth have anything to do with bringing men
to it to insnrei Dld their statement. sworn
| to by Bright ind Myers, have ANYTHING TO
do with getting people to insure on the
| mutual planS lnen.if IT did. If their advertise
ment il false, they are obtaining policies by
fraud they are getting them by II false and
fraudulent representation. II yun wanted to
get your property insured and You saw the
statement i'll the EVERY EVENING on any other
paper You would be induced to go and in
sure III that company BECAUSE they
held ont to the public, as u means of attract
ing and getting people to come and insure
with them, that they had 80 much money or
valuable stock. II any man went u insure in
| that company on the mutual plan was induced
| to 1t by the representations that they had 40
many thousand dollars worth of property
then that company is guilty of fraudulent
/ representation.
| Suppose | was doing business as a broker in
| Wilmington and pnt It III the prints that
Jesse Lane, George Sellers. George G Lob
! dell. Henry S. McComb and others are Gus
| toners of mine and that | am placing secure
do You mean To say that that representation
would not influence yuus Mo- because you
/ know them TO he bigger men and heavier men
| than yoll are. II YOU lave IA policy in another
company and ypn see such statements. are
4 tun led tn take It out of another company
and put II IN tln5g Not at ali improbable.
But rune buck to the fact that the plac-
ing OF policies i'll Colorado aud these other
states never Mas the intent of the law ineor-
4 pprntiug mutual companies in this state.
The other 81 lie called john Il. McFoc 10 prove
by him that Tins company had been licensed
To do business IN tins state. He never had
licensed 1t, asked Mr.. lore whether they
were not DOING business under their amend
nicut and Mr. Lore sud they were not. They
we're I.hiS suit was brought blythe Delaware
state Fire aud Marine Insurance Company ,
ii IL brought Under their authority Mr.. Lore
SAID they had never acted under their amend
mcht They never had certificate they
have never been doing business except under
their amendment They never had the act
recorded because they wanted TO do business
uader it and not he responsible under It,.
Every policy is llsued to the Delaware State
Wita1i Company, Nlr. Melee never would
lay" licensed tlut company az the Delaware
state FIc ana! Marine Insurance Company.
Ivory lyNA vytl issued by this company has
pcu uuiul Ills amendment.
W" ua,v passed over values over the
history pt tln- Company from Delaware City
up. Nnw wu come To the dr7t liens. This
company held ITSELF ont tn haze certain sernr-
ltlcs Which were inst liens. We're they first
iWns Take the Pennington farm. Was that
/ It first lien; All the witnesses We called told
Won that farm was worth from $4,000 to
sI.uUu HE other side called only one wit
ness who lived in tho hundred II man named
+; Jones, who never owned Il dOllars worth of
l land. We have four men, one the assessor
. If that very hundred, and who is the assessor
nttt't t,p
; about land Don't lie know more about lane
! I IN Rcd Lion hundred than man living il
t White Clay Creek hundred or Pencadri
hundred Onr men put 1t us worth 5G,n0t
| or G10ol. Theirs at :Il,DD0. Their witness
t knew nothing about the land for eight years
+ bright sweals that it Is worth 3lj,Oa0. Wher,
= did lie come To that conclusion? How cOull
t he put lis oath Oh the holy cVamgus al
= Almighty God THAT 1t was worth l5,00t
2 when it was worth only rll,UlO?' "Oh.
) they say, "thero is only a5ju0 difference
. pun't that make difference? Why, siis. hos
i did that man arrive ut his values EtmrnI
j ber. it wasn't when land was mp. Whcf
Bright made that oath land was the lowest i
has ever been III New Castle county. Where
{ did he get the authority? Aren't the peopl
d entitled TO know? Why does the hes
q witness make it fall short Of his estimate?
4 Bright swOre that the 5000 mortgage uI
. tins fam was Il hrst lien, and John Furri
4 ,ald to you that when lie took his mortgage
= on il Bright told him it was to be Il first hen
e =5D0O and -3,50i made ssjOO. Note TN
g vailes aud the statements that the compan,
4 made
Nor is the New Castle county land all
= There's land in Kent county. What did h
y swear to there What did he hold ont to tn
o public He said that the New Castle CONT
+ land wHs worth Sl50oo and the Kent farm
3. sl6Op0 and li,O11 respectively. No Virtues
' has been brought here to put the Kent Ian,
4 lIiTt