The Providence news. (Providence [R.I.]) 1891-1906, 1894-05-31
INSURANCE..
A New Stock Fire Insurance Company
for Boston.
Special % Tne Nelrs.

| for Boston.
Special 10 The Nelrs.
BOSTON, May 30.-Boston is to have a
new stock fire insurance company. Not
| withstanding the disastrous experience
OF fire insurances companies OF late years,
and OF Boston companies in particular,
there are in Boston business men who be-
Iieye that good company can be formed
and run with profit to its promoters and
| stockholders.
The new company is to have goo, 900
capital and SOC, 900 surplus, nearly all of
which is already subscribed.
Ex-Sherih j. Il. Fitzpatrick, liquor
merchant, is to be president and Patrick
r: Gormley, late Of Burge, Hayes Co.'s
The name OF the company is not vet
known, neither is ii known whether 1t
will be board or nom board company.
Commissioner Merrill's Report.
Insurance Commissioner Merrill yester-
day submitted to the Legislature part two
of the 39th annual report OF his depart
Inent relating to life and casualty insur-
lnce. The commissioner says that in the
--aee-ef-t -tAe-eHtfaerdiHa diHary--bu-iness and
financial depression life insurance as
! whole has shown wonderful vitality
/ fhe net gain in policies issued in 1891
yer the previous year was
2S,19O,, and in amount ssls, 1856, ESQ;
covering 1911 ,31S ,29S; in 1893 the gain was
1876, $50 policies and 1909, III, ,l91 in amount.
Iwenty-six companies trGnsacting busi-
ness in this commonwealth paid policy
holders during the year $685. ,s93, an
increase of Ss,5l4,172 over the year pre-
vious.
The number of industrial policies in
force in the three companies fransacting
business in this commonwealth was, at
the close OF the year, 70, ,545, ,3iS, the insur-
ance thereon amounting to s14, ,760, ,321,
showing an increase i'm the number OF
policies OF 67,0i4, and i'll the amount of
insurance OF S40,0S3,917.
The fraternai corporations had a MEM
bership at the close of last year OF 722, ,161,
gain during the year of 32,0O7, with as
sets z, 2,079, ,226.
The payments for death and disability
purposes during the year amounted to
sl6, ,s9l ,5S3, at an expense cost of S1,27O,
The Caledonian-Ni Niagara Situation.
1t is said that General Manager David
Durchar of the Caledonian Insurance
point Mr.. Charles III. Post the sole United
States manager for the company.
There are number OF matters connect
ed with the mutual arrangements of the
Niagara and CaIedonian which must be
settled ere the plans for an Independent
iuahoSciHcnb dIc HdtuIeu. w ncn the
Niagara and Caledonian commence to
operate with independent managers at
New York it Is probable that they will re-
main together In about all of the agencies
and branches at present existing.
Mr.. Post Is well known throughout the
as an aggressive underwater and
under his management the Caledoninn
will be popular among agents and secure
! large volume of premiums.
Eastern Managers of London Guarantee
Messrs. Thatcher & Postlewaite will
,n June become Eastern managers of
he London Guarantee and Accident
Company, ffnitcd, with headquarters in |
New York.
Mr.. Thatcher was formerly general |
gent for Illinois Of the American Casual |
v, and Is an experienced casualty writer.
Mr.. Postlewaite is new to the business |
md was associated with the firm Of Deck
II, Howell & Co.
Worth Eastern Life Insurance Com
pany, Manchester.
MANCHESTER, N H., May %. The North
Eastern Life Insurance Company OF Man
hester, n. H., has not yet been able to re-
ume its business although the Connecti-