The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-02-02

Yesterday morning Receiver Boulware,
OF the Piedmont and Arlington Life-ln-
surance Company, filed his report to judge
Hughes, OF the United Stltes Circuit Court
for this district. The report is one OF
much interest, and we publish it in full.
BUCK AND AIS VS.. PIEDMONT AND ARLINGTON
LIrE-INsURANCE COMPANY.
TO the Honorable the Judqe of the Circuit
Court Of the United States for the East.
ern District Of Virginia;
In pursuance OF the order entered in this
cause on the 23d day Of December, 1880, di-
recting the undersigned receiver TO make
a true and full inventory OF all the estate
wbich may come TO his hands, or TO which
be may consider the Piedmont and Arling-
ton Company entitled. the receiver Ie-
specially returns the following report
He entered upon the discharge OF his du-
ties on the 24'h day OF December, 1880, and
has since been steadily prosecuting his in
vcStigatien with view to submitting his
report at the earliest day practicable, but
the current duties OF the position have been
so numerous, and the affIirs OF the company
so complicated and in such confusion, that
he has not been abe to complete his report
earlier.
ASSETS.
The assets % the company are rs follows
AZ
On the oath day Of December, 1880, Mr..
A. r. B'akey, trustee, rendered TO the re-
ceiyer statement Of bis cash account.
showing the total OF cash in hi hands 10 be
$J.jI7 OF. OF this amount. -. 1859 was
in due. bills, notes, &c., (nany Of which are
worthless, but have been carried Oh the
books of the company for long time as
CASH. and the balance IN cash. These due
bills, notes, &c, were turned over TO me by
him along with his check for the balance,
SO, 7Sl.42.
SPECIAL ASSETS.
The following are tie securities of the
United States 4 per cent. bonds deposited
in Kentucky for benefit of policy-holderS
III that State-par value, $l0, 900; present
value, Sll.200.
United states per cent. bonds deposited
in California Tor Benefit Of poIicy.holders
in that S'atc-par value, $4,000; present
value, $ll.200.
United States per cent. bonds deposited
in Maryland for benefit Of policy holders
in tbat Siaie-par value, So present f,
value, $ll.200.
United S,aes 4 per cent. bonds deposited /
in Ohio for benefit Of policy.holders in that I
value, 500; present value, S7Si. |
The above securities are dep p'sited for the |
benefit OF the policy holders OF he company /,
IN the respective States, and will probably /
be entirely absorbed by such roicy-hOderS. |
so that nothing will come to the hands OF |
the receiver from them.
The remaining securities Of the company /
were an equity in 303 shares OF Virginia !
la II ci
% shares Bank OF Commerce stock, all OF |
which were pledged with the Bank OF Com
merce 10 secure notes OF the company, !
10 SS,000-aDout 500; 65 shares /
Nc zart stock. worthless; :. &. certificate,
par value S37 80. Sl0-tota, $50.
The above are all the securities of any |
Kind the receiver has been able TO find be.
Opging 20 The company. Upon eXamua-
ion Of the books of the company be finds
hat thcv call for and show that on the oath
lay Of December, 1880, the day he entered
IpOn his dates. the company ought then
o have bad bondS,and stocks amounting,
according to the cost price or the books. TO
ESQ, ,2G7.20, as per the following list taken
rom the books:
10 COO United states per ceEt bonds
IN M1ryl yland...................flO6 ! o 63Z Sc
O,OOO United siates 4 per cenl. bonis
In CalifOrni9. 13.763 81
O.0O0 United States Ter cent. bonds
In Kentucky. y.................. 1880 p
700 United states per c-nt. BONDS
In Observation-Disclosures. 79l 90
1000 Virginia coDsOIs (0d) balance. 1901 40
303 share. Virginia Home lnsu-
rance stOck............ ...... 900 30
% shares Bank of Commerce
stOck..............,.... 80. go OO
''''' b1nds.... ..................... 1920 90
! 200 Orange aud Al,Xandria Rail-
road bond. 500 90
o 900 mortgage While sulphur
Springs StOck................. 1000 90
120 shares Virginia FeriiIZing