The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-12
INSURANCE.

Mutual Life returned from Europe lew
DAYS ago. Ii is Understood that his visit
abroad had something 10 do with the suit
which will he tried in London next
month, which involves his company
snd turns upon tie HsmDronEh
mystery, one OF the most remarkable
Tragedies Great Britain has ever known
Young Cecil Hambrough was nysterl-
ously shot In Scotlans while on hunting
trip. The suit Is brought by Major Duu-
ley yHambrough, father and administrator
ofCecl Hambrongh. 10 recover from tho
Mutual Life Company insurance TO the
amount Of 5000 upon the life Of Cech
Hambrough. IL happens that in the pro-
posal form OF the Mutual Life there is as
follows: "The following are al
the companies or associations TO which
have ever applied for any
life insurance, which has been refused on
the plan asked for, or postponed.
ON what Cecil Hambrough declared H4th
regard 10 this matter that tho contentiion
of the insurance company ln resisting
Major Hambrough's den0ne FOR payment
Is said TO rest. OF course the murder
question cannot again be raised tnat
having been definitely disposed OF nv the
Scotch verdici, which really, Ia peoples
minds, left as much uncertainty as ever
That Life Insurance Commission.
Insurance Commissioners Merrill OF
Massachusetts,, Hahn of Ohio and Durfee
of Illinois, who were appointed commit
tee 10 investigate vast volumes OF ne IN
surance matters by the convention OF IN
surance superintendents which was neld
at Thousand Islands In september,
will soon visit Chicago. TO begin
the Investigations that are required.
II Is claimed that rebating largely lies
with the general agents, who act inde-
pendent OF the home offices, and an in
yestigation OF ali large plants Will be made
10 discover where the trouble lies and
-
tions were among the principal ones con-
sidered at the Thousand Island conven-
tion.
Miners Policy.
Harry Miner, who was elected to Con-
gress in the Ninth District on the Tam
many ticket, cirries 20-year endowment
policy on his life for 100000 in the
Eqcitable Life.
Fire Losses.
The fire losses up 10 Sept. 2S, 1894, in
the United States are given as ss5,oi0.SZo'
Opposed to the Rates.
Owing to the failure of the efforts which
have been making for several months To
get the Sout beastern Tariff Association 10
reduce the fire insurance rates in Raleigh,
Charloie and other North and south
Carolina cities, which about six months
ago were increased on an average over 100
per cent, a North Carolina fire insurance
Is in process vi organization, and Will be
independent OF the southeastern tariff as
sociation. The insurance on the property
of the city OF Raleigh was dropped entire
ly last week, because the association in
creased the rate from s1.75 10 1855 per
$1,000.
Home Fire I'm Minneapolis.
The Home Fire OF New York has pur-
chased the old market house site on Bridge
Square in Minneapolis and the contractors
are at work clearing away the debris OF
the old market building preparatory 10
the erection OF a tive-story, modern COM
merciai building, which will cover the
entire lot. The building will
be S0x160 feet and the i'm
Irovements call for fan expenditure OF
Sl60,v00. rhe building IS 10 be ready Tor
occupancy January 1, and Northrup,
Brazilian, Goodwin a. Co have leased the
sntlre BUILDING tor term OF years, which
makes il good investment for the in
surance company. The company bid the
property in on q mortgage sale, and is the
ectual owner now of one OF the best pieces
of property in Minneapolis.
Improved Business.
A Chicago paper says: "Business in
Chicago insurance circles has been in
creasipg recently. There Is feeling
that the hard times which have been
felt for so many months are coming TO be
. thing of the past, and that from this
time on there IS a chance of redeeming
some OF the losses Of the last
two disastrous years. From nearly
every company there come reports OF in
creasing receipts and decreasing losses.
One OF the largest companies represented
In Chicago reports for its October busi-
meas, ~ per cent. more in the way OF re-
ceipts than for the month OF October OF
last year.
A New Fire Scheme.
The Citizens Fire Association Is the
new organization covering Southern Min
nesota aud Northern iowa, ana is the out
growth, IL Is announced, OF an advance In
mercantile and manufacturing rates OF 20
per cent. since July 81, 1888. One of the
purposes OF the new company is go check
lncendiarism by having fire board in
each town to investigate the origin OF each
fire."
Bond Award.
The finance department Of New York,
q few days ago, opened the bids for new
bonds and stocks of the city and awarded
all of them save $4,000 OF schoolhouse
bonds to the New York Life Insurance
Company The PURCHASES of The latter
lo1.52; s4oo, 900 dock bonds at 103. 13; $780,
600 repsying street bonds at lO253; in all
u ,6o4 ,560.75.
Notes.
The Park Fire of New York, which went
out of business In 1891, has been formally
dissolved py Justice Lawrence Of the SU-
preme Court. and placed In the hands of a
receiver. II has been in liquidation for
three years, and the stockholders have
been paid two dividends, aggregating
e'ghty-seven ner cent. OF S17i, 900. lcaving
+ Alto pay be expenses OF wind ny up
tne concern. At has no creditors.
The negro coschman Of Henry ". Bald
win OF the Manhattan Life, has been ar
rested on the charge OF setting fire TO Mr..
Baldwin's residence at Flushing, l.. /.
The servant, assisted by another negro, is |
charged with having caused the fires in
order TO conceal robberies on the premises
committed by them while Mr.. Baldwin's
family was absent in the Adirondacks.
The annual congress of fraternal benes
fciary orders will be held at Buffalo on
November 20. These orders do not affili-
ate in association with the business
assessment companies, although the latter
IN their annual conventions report statis-
tics OF assessment transactions OF the wear
-