, 1881-01-25
The Story Of 1880 Slowly Told-The
Big Companies Gain; the
Smaller 0nos Lose.
Predictions Of Prosperity for Tho Year
18B1-~How The Gothami!es
Fool .he Companies.
More Incendiary Premiums, Perhaps
An Engltsh.0fflce Scandal
Various Interesting
'Itenls.

among tho lourtiuts especially t1ovutcd 10 thgso
a'.e,s =, 70 @ scenrs ,o n tn"r, - ',' on,ad
!ortS III laa coEntcs * s.e ~, 49,. ~ uo a..s,.
arising from curiosity ~ Sss no 'shses, WHEY
gives largo Sul1 to the earliest chArfs. hut
these cnr,y appearances nrt, not always tho
must rcllablc. and tho official statements fre-
guun.sy ennnao .uo ,..' ai,, , ,.a,.'a.. ~ ~
~. ~ ~, t,t r,bc ,totv na,,cr. hnvi n,rruIv
'',., ~ .ti".a vI,,nr ,nrrrna.
IT,. ~ sta t.,,,,. ~ ~ anrcruI or fha n,otn
,nnt,,a trho.n nrn ~ c,m,r,u fin hest. nnd huy.
t,t. ho,r rior,tcI IL nrtuL nv shrIr anicn1,{d
sh,,,Iny H. ,.,,n. ~ M. surni,,.. uutrtlr atnnd
inck n;,,t lot thc rrut fnr,a ff thar nrosncrv c
tl.iiy a,tuiyxctl iy tnnso wI,0 nrc behind tho
KccilcS. IL is nltp8otlcr fniiacs this year 10
sippt.o thae tstnpany Which ,,at:, .as gainea ..
~ ~ ~ suFn!n !n,..!n, "s ,,a a"ss 'I,,r" "1 i,n nst
year. AiJ,utiy ono stutatnnnt hAA appeared
wherein ntl ntilttiot Il, let surplus OF nearly
s" - Kfso a1a yG1, FL II, ccss 10 H. H. a
inoMsy: its Eas TsTe sattx ny o imo ala r,aG ~
bUf1as ilo pIn'n T. tfo! s .n!s snaGe
prndt,,r,. over receipts were *3s,4Hl T. tho IN,
!MNsetaett OF Keeurt.ch .au t9s.a!M sn,,.ts Mun
n,s,a nHs" r n I, In yn.r vith II nnrt. na
asscta III na''d th"H e'oF po!'"o.
THE 1tIn FISH VS.. THE LITTLE FISH.
o.",n, t..|a nv, "o,,,rcr,.o thn t"ss ~ IN.
as', ~ ,s'S @ ,ho ,ac nstit"ions tn ~ IN
crter 9oSu thn or snator
nelgi,l,ora, holds good. Thu public mind senns
a., ~" ,,rf',, t, t,a,,runrc uu,tc,s tnwnr,I ,nr
great comTnnles'. sIh's 10 tho uh"s'ylnl reason
why English companies with enormous capitals
nre pr7ldi,yltv driving out BniMIter Amer
,n.,, a,,a." ~, vsat - ,,,st ~, ".,,o ,o,,ro,.
,I''" ,,.t ,.,. ~, .,., .,r,,...ta ~ ,,t.,.,
lllx TIC lattor ~ me stroHe!e 10 tnhita'n
tt,o,r s1ro,r,, rivo,s ,rtis nrffcrc,,cn hns lccn
uotor,ous t,,,rinr thu nagt twr yc,ra. md Il
.t,,,... ''o.o a un.'e S go ~, .nt.a... 49,.
,so3 ,rn,.. ~. 49,. ,t.,,,anIas ,s,',h
w. ~ so,,,.,.,.., ns,hs S,1,... H., n,n,,saI
strcn.th ~ III skijjrmi ,,,anurcuieut havS mi.
v,ircc ruptIy and nude fur hr1cr nroiits thnu
tholr smaller nstEhbDlS.. The tsicn saetns 10 bo
rmat .no pcst st ,n1 ~ ns
nnro,t rHfc ntt, thn trrcnt tIi[lcts@En11iah nt,1
AtnCricuil. This Is tru1 or tic lnrEc eltics nut
mrtlculMrly Of tho rncdiuna.slzcsl c!tlcs. Inke'
ax sesod,0ast cts ~ le i1i or Unio: au u
b,lsjnoss il wtriG rt,w OF i,li,s nrt thUse whose
capitnIs mid assets mount up it, tho millions.
Agents IN such places usually have snrfott ot
oGn1pnnos Iher sts GEI on ,,es n6n'eey VIII
Iikn ..n,iI,trv @ show viii fnrces ,yjtt1 fnW
fm,1,. im IN ,ium,,f"eturEnw ri rlak ,nukin~
nnaoh % ~, ~ a. ,rs,,n thn thn ttin f..l,nws IL
1nen @ soncs. o iSrssIsst
ue'', .'r n III IL he n 1no. r,.t Whirh thn uili
oee wont x s tG W. san i
vasy ntrn axst " vii rec5anzo 1e1S i ts snts
q frttn n
M thats tin ,snS ,4,,. cr,' NM
t @ fho .sno,s IAN n1p IN " ;a, IL rv:a IsSnnvu Gnnd
S EnS, ia orI W.T. - ,ss "a ta viii. thS sna"ii @
nn,Inn, IN, uv nnv ,h :r,,,n. ~ rnfnan Nnr
1ht ,,.t:. kue s t",,ia, ,.,w.r yhis 1,rofnrann,
q n, n,t1. @ tn .,w t, LIZ S's is ,
Il vii nrn~ II srn1th ~ tnc nrc.nt @
s.a ~ "ma .n. x,m ~ ns wv p'eso't so"s
"'o'e' on"a'u+ 81
| ,+! TIE OUTLOOK For THIS YEAR,. ,
] The wiscucrrs of the tnRucss hnvc had q
ntnttv ahroyy,l f,rn.,,ht t,tn lin r,ovomcntu ~
,t'' '" 49,, no ~
tho pussHcss ant'n4 tno 1As' TWO ycnfs' sone Oh
ss,rowdcst predicted lust ycnr Just RhAt hns
| hnppcnel In tho ScercnstrR populurIty uf
Smnllcr companies and tholr continued struggle
| for lirc. Thu wsest Of shom ctlinot torrcnst
tho amount Of losscs, and their predictions nro
t,uge,l .,on larXa-sIz "if," contingent upon
ordinary average yours Of losses. 1t IL OF sot,o
| !lulH,rtAI.cc thercfotc tn know tl,at tAcrp Is
| mor, tu,oy,nt feeling nu,o1r the curiDnntet
."J tta,. nni,tu.s ,hnt, ,os o-Istn,i r,r
| 0nu tuh1s olhe'Hts lhtH hAs cNlhtca lor
mNny ycnrs,7that ts hinonE tue Prntni-
noat utinpnnies. Ihefe M aFu sli, maMSr n'si..
,n,, az. In fn,,' w,ti, 9snir ,sii,, nr x
to Id jer cent coInpoting Wit, oiiIcos whose busi.
ness IL conducted nj Nh expense OF smly:n orij er
Geht. they VIII cthtlf',i" 10 crs'Ak anu exlEGSs r
tHEsF tblSUHAt4lHs VI A4e"ShtuHa cH1t 't!I u "a