New-York tribune., 1884-01-02

cmse of tbe inferss, credited calls for the exeT-
else Of the utmost care that the sateguaTH1 "li
surround them and which have given conhlence 10
those who intrust their earnings to their Keeping
should be jealOusy protected
The reports made July first by the sixteen loan
mortgage guarantee an] indemnity -. nDahleS,
doing business i'll this State, exhibit the Ioo"ins
condition: $1,000.
Resources s1eG!az7sa9 s2o,ss33S52SSo 5So 90 90
surplus and prodis l924il242 2S99935 932 "a "a
oSer ds RaSities 9229350 32 '32O7l5o 45
decrease
Sixteen institutions for the safe keeping and
guaranteeing of personal properly WIN d uaPi;II P;
aggregating 81 $50 900 wero under the SUPERVISION
of the Banking Department on the hISI day Vi
In nv last annual message to the Legislature
state supervision of banks is worse than useless unless
II Is thorough and effective Under the law as IL nov now
stands the Superintendent of the Banking ~
must cause an examination to be made oi neT theTe
institutions only when IN IN ms Snsobnd condition
or false reports 1t wouId seem that the HoiS3hSy
Of the banks and the protection OF dePoomT m cSSb YeaP
were made compulsory ou the Department"
The evidence accumuates to prove the necessity
for SuCh enactment as was tnch Suss'stril '.'''
which will be duly submitted for your cohSiuoI"-
ton.
The statistics furnished by the In5urSnce Depart
mcrt show that our citizens have sutiefed no losses
during the year by failure Of any of the companies
doing business under its supervision.
On the 1st day of July, 1883, there were
doing business in this state ~ ~, JflH,II
stock fire insurance compamc', win Iolai
assets of SlG9. .9S3 g2i 50, including net
surplus Of $5I 97s,273 33; fifteen marine - IN
srIrauce CompanicS with total assets OF 9Zd,I15,-
500 sG including Il net surplus OF SlliO,i IL ov !
tyyruty-nlur life Insurance companies win IOtai
assets Of $40. .6O2.3i7 II including surplus as T.
CARDS policy-hOlderS of T76,IJl $50 - ana seven
casualty insurance companies with total assets OF
%3GI71l3 II. and net surplus 81 9I,"JI'Uoo , 81
There were l3l cooperative Insurance. %N1o, f
doing business IN tins state January /, 800 vi
these llg were New-lork state companies anu
twelve were organized ia other ~t3teSi the hunprI
of crtiicacS in force issued Ivy these louS
was ll32y6 During the year 1852, 1889 GER
tiGratr, were written aud 3Sl terminated. Inc
losses paid amounted To - l43O,NIO o. -,
The amount Of securities ON deposit with the
Insurance Department July l, 1883, for the protcc-
ton OF policy y-hOldeTs insured by the various lHs-
was in the aggregate Pl3,i9S,3l' b' Us l"Ii"WH
Nrv-York state life insurance companies 81 6523Os y
Nrw-York casualty insurance Companies 5pi2Oa 10
NcwYork fire insurance companies l'o'''V0U00 01
, ERE i1IJs rnmpapir4 s3l, III 20
Under the provisions Of the law passed April =,
1883 to regulate the formation and cOnduct Oh CO
operative insurance associations py P"DIHS .u..l .
under the supcrintendeBCe of the Insurance Depart
mcnt, thirteen of such ASSOCIATIONS nave f DSen
incorporated, and nyc organized IN oJheI HtdSg.S
have been admitted 20 transact business III tnlS
state. BY the operation Of Tie new law the SlahuaIu
of this class of insurance has been materially
elevated A number Of fraudulent and miSnanaged
sorirtieS have been driven from business ana lnoHc
honestly and prudenty conducted nave acquiIeu
a better place in the confidence OF the community;
4 remarkable saving in expense has bcen "lcti"d
in this department during the past year under the
0 Ibe 30tL day of ADriI 1888 there were thirty
clerks employed in The department, whose annual
salaries amounted in the aggregate to YiH,61o' t0-
gether with an attorney at salary o! fl'oVU WINE
M the close of the fiscal year September 80 there
were but scvcntecnC Jerks employed at al aggregate
annual expense of 2S, 100, and the services OF the
attorncy7had been dispensed with a. unnecessary.
The Superintendent feels confident of his ability TO
etjU further reduce these expenses without, III any
manner diminishing the efficiency OF "a" depart
mrnt. As a Tesul of this reduction, the hIr' marine
and life insurance companies, aud the cooperative
societies organized under the laws OF TINS state,
have been notified that 10 ices taxes or ducS VIII
hf impD>rl upOn them this ycaI by the department,
tbe statutory fees collected from the companies
of other states and countries being sufficient ior
- MUM NATIONAL GUARD.
The organization and efficiency of the military
Department of the ; ate are ih very satisfactory
condition Tho National Guard consists Of four
divisions. cigA; bgzade5, seven blttalons OF artlI-
/ Icrv fifteen regiments, one battalion and forty
! s.naratt roIupauirs. The whole numba Of officers
and enlisted men on the Both day of september,
! 1853 was Il ,JGS, Notwithstanding hat under the
provisions ii he new Military Code al. IcgihGhidi
/ hands aggrcgaiiug 1J4 members, nave been
! dropped IRON the rolls and many enlisted men,
I phT>inaly Incapable of doing military duty have
| been discharged from the service.
During the last year the Forty second separate
| Company. located at syracuse has been formally
| disbdndtd, and one new company has been organ
/ ized ii ElmiTa
. progressing. Ii the existing organizations should
be filed to the maximum strength allowed, the az
gregate OF officers ahd men YOU'D exceed 9ioo0
| while the whole number permitted hy the Code Z,
limited to IL 900. For this reason, and IN view OF
the fact that tue funds at the disposal OF hedopaT!
Iueut are necessary lor present wants, many appll
| cations fOI tie .oTmaton 81 new c"mpahleS ana
| the readmS.iOn of organizations heretofore DIS
| banded, nave been refused;
! The Military Code passed by the last Legislature
prescribed service uniforms TO be furnished by the
State TO the NatiOna! Guard. 80 faI a. they have
been issued they have proved S-rEiCedDlc. lhey dlt
neat ia appearance and acceptable to the troops
But the lack Of ar appropriation tor that purpose
/ has rendered ii impossible &c turnLI she new uni
forms except % "a few of the most needy organiza
| tionS | recommend that the present Legislature
make provision 10 furnish this Initorm 10 those yet
uupruvid,d tor IL the belief that after the Glard
is fully equipped, the expense OF It's maih'eh
| ance In this respect will be less than under the
] previous system.
The STATE Camp of instruction inaugnrated by
! my predecessor in 1882 seemed productive OF suGh
| good results that ordered similar camp, IN the
| Summer If 1883. 1t was opened on the siXteentL .
day Of Jane and continued TO the twenty-elghtl
day of July Six regiments and nine separate
cOmpanies were in camp week each. The NUM-
bcr of the Guard thus allowed the advantage ot
this important feature of military instruction was
/ 35lJ, exceeding ~ more than One-lhlIu thOSe III
1t is quite apparent that the policy which has re-
duced The number IF the National Guard should he
| snnnlenentod bv every reasonable effort 10 make
il reliable and efficient. Investigation and personal
| inspection. lave satisfied me that nothing tend
| more IN that direction than the opportunities al
! forled 5y he Camp of Instruction. go,
The ground thus far occupied near Peeksklll, Is
admirably adapted to he purpose in every respect
! and considerable money of the state has already
| Ieen expended in fitting it for use. 1t comprises
about one hundred acres, and is now held by tho
State under a lease which expires May !, 1850, az
an annual rent of 900 The privilege Is reserved
TO the State to purchase the property at any time
before the expiration of the lease for the sum Of
$4,000 This price IS regarded as reasonable, an
: ate. with view of permanently establishing th'
Camn az mltruction as an element Of military ed