The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-19
FINANCIAL.

II ia stated that since the first Of July las
shere has been $l3, l70, 600 ofcapital brough
nto our State in the insurance business. 4
large proportion of this belongs to foreigi
companies Texas, like nearly every othe
State in the Union, regards foreign compa
aies with more favor than our own hom
institutions. That this is the fact is clea
enough, when one remembers that, o
all the foreign fire Tor marine) INSURANCE,
companies operating in the United States
there are only eight whose entire assets il
this country reach or exceed a single 81 900,
0OO And yet the twenty-five fire compa
mics reporting to the New York Insurance
Department, with aggregate gross United
States assets of S26, i02, AS (of which &c.
1900 belong to eight companies), received
~ premiums in 1880, 1906, l6t; while sew.
,enty-eight New York companies, with S57,,
45l, 5lS of assets, received only $40, ZOO, $50,
and fifty-two other State companies. with
6i,735,97S of assets, received 81, l75, SG5
That is, the premiums of the foreign offices
were in the proportion of 60 per cent. of
their American assets, while those of the
New Yorn companies were only 36pcr cent,
and those of the other State companies On,
about 40 per cent.
There will he n n .ei,,-
re- uehclency IN inc leuaiV"
. .reau this year of S20,0CO000. The regu-
lar annual pension amounts to S30,OD,OOO,
in addition $i0,0O0,000 is required to pay
claims under the arrearages of the Pension
Bill. 1t is claimed that for pensions alone,
Congress will this year appropriate S7O,OO0,-
900, and next year Sl0O,OO,0OO, and so on
till all the arrearages are paid
On the roll last year 80, SOP pensioners
were registered and thenumber is constant
ly increasing. The business of Pension So
licitor has become almost as profitable as
that ola thrifty patent lawyer,
These solicitors or agents, aided by Con-
gress, have succeeded in raising the regu-
lar amount Of annual pensions from $l6,-
14l,079, in 1867, to ST ,0l6, lS6 in 1880
The road to Il fortune in the pension
business has become as easy as the profits
are to Il proprietor OF brace faro bank.
We don't wish to be understood as being
opposed to pensionng being extended to
all men disabled in defense of their Coun-
try. Men thus crippled are entitled to all
they can get, and more. The granting of
pensions to men who are abled-boded who
never incurred any greater risk than is in
CURED by the driver of n suffers wagon or
the clerk of hospital steward, and who
never had any pain worse than the tooth,
ache is contrary to the Pension Laws, weak
rs they are. Granting pensions to such
leechcs is encouraging llziness and ultimate
pauperism, and offering Il reward for per-
jury.
srai, 5' po''au 'no q uS'a,aa, IN
srath SHOWS tlle revenue Is estimated al
133OOO,OO0 HORNS, an Increase OF 23,OOO,OOO
ilorins over last wear; expenditure, Al ,00O,-
900 forms nm increase of II 600 600 norins
Tho pynnnditure includes r OD0 OOO norins
for the Arihorr tunnnl
~ M tiIo hiipoI tu'hici; u, 400 oo,
900 he puplic oept Oh tennessee Is 9ooooo,-
uv0.
The Mexican Congress has prohibited the
issuance offs 100000 nickle five cent pieces
provided Tor by a former Legislative enact
mont - y
Tho San Erono;soo I1oo,;,, uonso 40
ny Gun Ilahclseo Tearing Hurse ~