Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1885-04-30
FRIEND tASSELL.

| noticed in late issue
of your paper o very sensible and just criti-
cism o. the statement ma le to the State IN
surance Commissioner by the Live Stock In,
su,ancc Company of Emmi'sburg, and not
seeing anything further on the subject, |
venlurr to call attention to Il few points that
seem to have escaped your notice, and that
has hccn the cause u. considerable comment,
and has left some Of oar malhemaiicians
completely at sea.
First, Invested Assets, $!l,53' -, certain
" al excellent showing, particularly" AS we
were under the impression that nothing "i
the kind was require Of suca companies.
but there is nothing like securing, or making
The policy holder safe, but there is consider
able curiosity to know il the lnv' simcnt is
in Emmi,sburg r. r. or Frederick and Em
mishurg Turnpike Stock,
Secondly, would call attention TO MARY
land Business"
Certificates written in Nd. during 1854 H.
Gls, amounting to 300 ,14,.S2 or go; =!
each Total certificates III force in Md De
81, 1885,. $50, amounting to $5o,25ol5, OF
So: ~ each. From this it seems ;ha' 6, cor
titcAtCs had been hr .pued during the year
and that iucs.. certificates aggregated $500 =
1885,, or IS 2SG 80 each. While these that
were in force Il the end Of the year were
worth but |:'2.t2 each. From which il
would .p,,,ar that the big ones all dropped
on, and .;i; e little onn3 all il, reversing
things, for II this case the little fish must
have lryo3 .ri ali ,hc biz fish. We had fire.
uucnllv ncaid that it was doing an immense
business and th't It was the biggest thing
under the sun hut We were not prepared
for anything so huge as this, in fact it is
utterly beyond the comprehension of us poor
myrtas who are not "bcAinl the scenes,
and were 1t not for this Statement we would
still be ignorant Of what q gigantic institu
ton we have in Our midst. Bat we will g."
ON to the next Item.
Claims paid in Maryland during 1884
lob amounting to S9S,19, OF 9f cents each
Now none of these claims could have been
NIlS VI tilc 10 bSii hiS''''S''''''
for We find they were worth over five tnou
sand dollars each, and $0S,19 would not
have paid very many Of them, oh no. this is
evidently a typographical error. | under
stand the "devlr' is some lines set to work
on these statements, and mikes all kinds Of
mistakes or perhaps tn whole thing Is a ty-
geographical or some other kind of mistake
havnt said anything about the unpaid
claims of over twcnty-six thousand It 'llars
for that's not worth momcnts cons dcrh'
ton, its too small an aTArl0 spend a thought
on when taken in connection with an lnsll-
tuition of such magnificent dimensions as this
one and besides there are many much small
err concerns with much larger debts but
guess" it is all right, III tact it must be (;L.
though we cant see it') but it was made to
our Insurana &c Commissioner an lie is the
Judge in such cases, but it is very strange
that the Hon. Commissioner didut say
something to me about il and put stop to
all this calculating, figuring, specializing
guessing, etc etc. ~
Wcaccord the writer OF the above the
space requested. When we called attention
to the dISproporton of the amounts rccciv-
ed ami paid for losses, we covered all the
grounds that came naturally INTO our view
We have not made the matter a study hence
could not expect to find at a glance all that
was embraced in the Statement. We have
not verified the figures given above, but the
ability and opportunity of the writer con-
sderel, we assume and believe them TO be
correct. This showing may prove to be OF
interest to those ofour readers, directly i'll
tercsted IN insurance: holders Of policies
Should, however, there be any injustice
done, we will gladly publish the "other
side" il il our duty to advise the people of
matters of questionable legitimacy, vet it ia
not part of our duty to attack any institu-
ton, directly or through others, not accord,
ing the privilege of reply or explanation. If
there be grounds for such in this matter,our
space is not offered ~ privilege hnt as the
right oc the Company in question:.