The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1883-08-15

u
conceals his thoughts. Rt. Rev. Bishop De-
foesbriand makes letters OF the size adopted
ny those ingenious citizens who write the
Lords Prayer within the compass of ten-cent
piece. sheet of his writing looks more like
fnely-engraved sheet than anything else
Rev. Father Lynch writes bold hand which
he who runs may read. City Clerk Root writes
o precise and clerkly hand, and his record
books are models, as far as penmanship is con-
cerned. Hon. Henry Ballard never uses pen,
preferring pointed stick and does not pre-
tend to be able to read his own (alleged) writ
ing. Almost equally elegant is Hon. George
H. Bigelow's handwriting. They say that his
old printers had to learn it, just as one might
learn Arabic"
PLENTY of rumors are floating about Rut-
land in regard to the financial embarrassment
of the Dorset marble company and Of other
large concerns. AS far as can be learned, these
rumors are without any foundation in fact as
the Dorset marble company is probably sound
and solvent. The rumors have gained cur
rency because Ex-Governor Page, who is
large stockholder In the Dorset marble COM
pany, has been sued as an indorser for $1,000
note made by the company which went to pro-
test at the national bank of Rutland few days
since and upon which the Battenkill national
bank of Manchester almost Immediately be-
gan suit against Page and f. J. Hawley, the
president of the company. The note was in
dorsed individually by Ex-Governor Page, E.
J. Hawley and ]. B. Holister (the latter Of
whom is treasurer) and the bank would be
willing to renew the note, IL Hawley's son
| would also endorse it, but young Hawley not
| feeling under any obligations, would not do it
and thereupon suit was at once begun. No
other suits have been begun against the Dor
set marble company or any indorser of its
paper. Other notes Of the Dorset marble COM
pany held by banks in Rutland have gone to
protest, but have been satisfactorily renewed.
| The company is understood to have had a
large floating indebtedness which has been
largely reduced since the 1st of last January.
| The company expects to meet all its paper, but
has probably been a little hard up because il
has disposed of but small amount of its first
mortgage bonds. The company owns valuable
quarries and mills in East Dorset, and few
years since purchased two quarries and mil
in Rutland. These required large amounts o.
money, which the company expected and still
expects to raise from the bonds issued, which
cover all its quarry property and mills both IL
East Dorset and Rutland, and are considered
good. The fact of the above suit against
Page and attachment on his property beins
known and occurring about the time he wa
ousted from the railroad management by th
Loa g. e
THE past year has been very a unfortunat
one for the Farmers Mutual Insurance Com
pany and their losses have been unusuall,
heavy During the year ending August l
1882, the company sustained seventy-fou
losses, amounting to S14,3 346 CT. This was
triss above the average, being S1,22s. 81 O.
each million dollars insured-the exact aver
age for thirty-two years being 81. 1887. Blu
single loss occurred during that year amount
ing to 81 800. During the year ending Angus
1, 1883, the company has sustained eighty-nin
losses amounting to $32, ,144 68. These, to tn
number of eighty-one-which in character
amount, etc., would be regarded as constitutin
about the legitimate losses of the year
amounted to $12 600 20, which would be bu
|
would require percentage of assessment some
thing less than last year. But the remainin
eight OF the list were very large ones, aggrega
ing $40, 454 4S. The total losses for the year
$32, ia 6S-amount to $3,06S 81 on each mi
lion dollars insured, or nearly three times tn
average for thirty-two years, and calls for a
assessment of ei. hit and one-half per cen
, which has been accordingly levied For thirt,
two years, and up to the exceptional exper
ence of the past year, the Farmers Mutual hf
insured the property of the state at a rate ce
tainly not exceeding and believed to be lit
less, than that of the best companies in th
state or country. AS will be seen by IL
forthcoming report, there are $40, ,474, 90
property insured, with note capital Of near
S500,000 Every dollar of loss which has bee
ascertained to be just has been paid or pr
vided for by the assessment laid, leaving
small balance in the treasury for contingencie
The risks and the affairs generally of the con
pany, aside from the unusual losses describe
are in exceptionally good condition, and
we'll deserves the public confidence and patro
age. In proof that the directors and office
are willing to share the present unusual bu
- dens with the other members OF the compan
the former have generously offered to dona
- their services the ensuing year, and there W
. also be large surrender of pay on the part
the latter.