Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-12-14
INSURANCE NOTES.

Inc MNlual lJlle anu I1QullaUlc BllC
have opened offices for business in the
South African republic after having
made the requisite $4,000 deposit.
Insurance agents at Troy, N. Y, have
agreed that after December LIST they will
not issue or sign a policy until they
have received the premium in cash.
The Agricultural Insurance Company
tanned an eastern department in this
city, will discontinue it January LIST.
The plate glass insurance companies
have agreed to issue their standard form
of policy on January lst. They have
adopted rates for u number OF States
west and south.
The proposed association of fire i'm
surance companies for the eastern field,
somewhat on the lines of the Union in
the west, has been effected but particu-
lars have not yet been given out.
The Underwriters Association of New
York has decreed an advance of 25 per
cent upon mercantile and special hazard
rates, except in cuses of special rating.
The proposed advance in farm rates
was not effected.
Maud II. Hanna has sued the Security
Insurance Company of New Haven for
$4,000 damages. The company caused
her arrest she AYERS both in Chicago and
in New York, and in both cities she
escaped punishment.
A. story current for several days in
insurance circles that the Equitable Life
has purchased the property Of the Clear,
ing House Association at Pne and Mas.
sau streets, New York, for $1,000,000
is denied by all concerned.
The principal eastern and foreign fire
companies were struck another heavy
blow by the big fire at Springfield, Mass
few days ago. The loss is placed al
about 100000 and the assurances very
nearly the same amount, but the latter
are quite widely distributed.
The property at the southeast corner
of Broadway and Pine street, New
York, which comprises but a triile more
than half a city lot, has been sold by
the John Anderson estate to the Ameri
can Surety Company fR 100000
which is the highest price ever paid fol
Broadway property, being equivalent
to $3.50 square foot. The American
| Surety Company has already purchased
the adjoining property on Broadway
with an l. in Pine street, and will, II
conjunction with the New York Trus
Company, put up new history office
building, covering the entire site at 4
cost of about 81 100000.
George Mcdonald, President; +. NJ
Schweringen, Secretary, and w. II
stevenson, Director, of the Guarantee
Bond Investment Company of Missouri
were found guilty in the Federal cour
at Chicago Of using the mails to furthe
a lottery scheme. These men raked il
100000 a month by selling 81 900 bonds
secured by wind, to whoever would bu,
on the instalment plan. The bonds ma
tured by lottery scheme. The cour
said that the company has been in ex
istence two years and had 50,093 appll
cations. According to the contract o
its organization the projectors have re
ceived over 100000 from the $40 pre-
liminary fec, and they have paid on
$206, 900 to their bondholders Sentence
will be passed December 9TH.
The United Life Insurance Associa
ton OF New York has been defeated il
a suit in the supreme court before judy
Lawrence, upon technicality. 1t wa
upon the claim of Anna Byrne TO
$4,000 upon the life Of Daniel Byrne
who died August 2, 1891. He had beel
insured in the association since May Is
1887, and an annual premium of 81
was due May 10 preceding his death
which it was conceded had not beel
paid. An act passed in 1876 provide
that company must give thirty day
before premium is due, but despit
the fact that the company had no
given the required notice it refused pay
ment on the ground that the contrac
had been violated by the non.paymen
of the premium and its lawyers moyet
to dismiss the case. The lawyer 70
the plaintiff asked for q verdict at ill.,
direction of the court, on the groun,
that the company had not compile,
with the statute. The court permittet
the defendant to put in evidence on thi
point, but the company was unable /,
prove that it had given the requisite
notice. Judge Lawrence according di
rected q verdict for the plaintiff, giyinl
the full amount of the claim. The com
pany moved for new trial on the test
mony Of physician that Byrne had
cancer OF the stomach, although Byrn
had given the usual certificate to tina
he was well, after paying another
premium on which he had defsulted
Judge Lawrence denied the motion Of
the ground that the physician woul,
not be permitted at trial to divulg
what he had ascertained from an ex
! animation of a patient.