The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-11


several states who attended the recent
convention at Alexandria Bay have pre-
sented gold headed cane and gold match
case TO superintendent Pierce, accom-
panied by very complimentary note, IN
recognition of courtesies extended the
visitors by Mr.. Pierce at the latter's sum-
mer home at Waddington, on the st.
Lawrence.
Metropolitan's Growth.
The Academy of Design at the north
west corner of Twenty-third street and
Fourth avenue, and the dwellings in
Twenty-third street adjoining, have been
sold to the Metropolitan Life Insurance
Company. The price paid for the pro-
perty is about S6O0,OOO The company,
under the terms of the sale, will not take
possession until next May. This latest
purchase by the Metropolitan Life is adj
ditional evidence of the uptown business
movement. Shortly after the present
big marble structure was completed, the
officers of the company began negotia-
tions for the purchase of numerous dwell
ings in Twenty-third and Twenty fourth
streets, and within few months sue
ceeded in buying Nos. 80 to Al East Twen-
ty-third street and houses in the rear,
which gave them frontage of 115 feet in
Twenty fourth street. From the corner of
Madison avenue the property runs east
along Twenty-third street go feet, so
that with the Academy Of Design,
the company now controls the entire
Twenty-third street front. The Twenty
fourth street houses are now being raZed
to make way for q 12-story marble front
extension which the company intends TO
erect. 1t is probable that as soon as this
addition is finished the Twenty third
street houses will be torn down and the
site thus obtained used 20 extend the big
office structure. Thus il would appear
that child life insurance is making tre-
mendous strides in this country.
Massachusetts Union.
Twenty-four companies were repre-
sented at the annual meeting of the Mas
sachusetts Mutua, Fire Insurance Union,
recently held at Youpg's Hotel, Boston.
The following officers were elected for the
ensuing year: President, Roger f. Up
ham; vice presidents, Z. M. Tucke and
Thomas +. Temple; secretary and treas
urer, A. l.. Barbour. The matters relat-
ing to a conference with the stock com
and term insurance on mercantile risks
were referred to committee with full
power. 1t was voted that with the con-
sent of the insurance commissioners the
companies report this year under the old
form Of 30 per cent. re- insurance reserve.
Harper's Only Hobby.
An insurance publication prints the re-
port OF proceedings at a banquet given
President Harper OF the Mutual Reserve
Fund Life, at Toronto, Sept. 10, and ex-
tracts from the speech of the dis
tinguished guest, of which the conclusion
is quoted, and for the first time is dis
closed the reasons why Mr.. Harper's
claims on the Governorship OF New York
were not pressed at the Republican State
convention at Saratoga. This was the
peroration: "One word more: My name
has been mentioned in connection with
the Governorship of New York State.
1t is true that many papers have men
toned my name. IL has been without my
consent and without my approval.
have only one object in life. The one OBJ
ject OF my life is the upbuilding of one OF
the grandest and most magnificent or
that have ever been given to
the world. ! believe / am connected with
that organization. know there are
many other magnificent organizations,
but this one am conteuted to be identi-
fed with, and pray to my Maker, the
great Lord and Ruler of the universe, that
He will never permit me to waver to the
right or left, or for moment to consider
any proposition of leaving the one object
Of my life"
Equitable Lloyds
The attorneys of the late Equitable
Lloyds have written to the press explain
ing that the concern stopped because "the
profits OF the business did not Justify the
risks assumed" President Moore, OF the
Fire, said TO a reporter who
ssked what effect he thought the retire
nent of the Equitable Lloyds would have
,n the other organizations OF the kind:
Il think IL will naturally have the effect
,f disturbing property owners, who will
DO apprehensive as to the possible retire
nent OF other associations. Itswill result
n the loss OF business even TO the more
concerns, and In the nature OF
.hings would hasten the failure OF those
Who are weak, and there are many such" |
Boston Fires.
The annual report OF the Boston Fire |
a. fonera ahnUa fhero r.oro f-fa