The Indianapolis journal., 1895-03-11

sey have decided to retire the company
from BUSINESS and put 1t In voluntary liqui-
datfon. C. II. ThurSton, the president, was
appointed temporary receiver by Chancellor
McGill on Feb. 81. and John Macrae. the
secretary, assistant receiver On Monday d
motion made in the same court to
make Mr.. TIlurston the permanent receiver.
1t is said that the creditors of the COM
pany VIII be paid dill n ~ 1ul1 aad i, eanwnlle. f
liability company for the reinsurance of all
outstanding risks. The company was or
sey insurance department compelled the
company to make good an Impairment OF its
capital which was; upsn examination, kan found
ing to its annual statement, the company
had surplus of $25.0S5.
The annual meeting of the Western
Union, which is composed OF the various
boards of fire underwriters in the Middle
States, will be held at st. Louis this week.
There have been dissenslons within the
Western Union for several months. and it
is an open secret that at this meeting 2,
number of the leading companies will
formally announce their withdrawal Among
these companies is the Continental Fire, Of
New York. Fire insurance rates at pres
ent are regulated and maintained by what
Union and Pacific Union, whieb. with the
Western Union control almost everything
n IN, the s4snr line OF ire Te msaranee rasidsnt
of the Continental was summoned to Cali
fornia by representatives of the company
there about two weeks ago. L is currently
understood that he told the Pacific Union
that under no circumstances would the Con-
tinental Cooperate further With the organi-
zition.
AS a result Of its investigation Of the
cause of so many accidents on the trolley
roads in Brooklyn the Board of state Rail-
road Commissioners have pfepared report
to be sent to the Legislature, with recon-
mendations, which. will be OF much interest
to accident insurance companies, as Well as
the general public. Thesreport says: In
addition to recommendations and suggestions
heretofore made the board further recon-
mends that the method of payment of the
lnotor1nen and conductors shall be such
to in no event tend to cause employees to at
tempt to make up time by running at an eX,
also be enacted by the common council ana
enforced by the police authorities regulating
tracks by vehicles The pavements between
the rails should also be so maintained as TO
cause as slight interferenee as possible with
the tenders of the cars. To be of any value
the fender must be close 10 the rail-. Ihe
board is of the opinion that the tenders now
cal use.' Among a. number of recommenda-
tions made by the board are these: The
speed of cars shall not exceed tour miles an
hour crossing streets. Cars passing In op-
posted directions shall not meet at street
crossings. That the use of some improved
form of air-brake, similar TO that used now
on some of the cars of the Broadway and
Seyenth-ayenue and the One-hundred-and-
twenty. eanle ra,f4aas, an 2a IN New
of all electric and cable railroads The ne
cessity of quick stops on steam railroads,
which leu TO the duoptlOti ~ lhS stioi5.t
air-brake, and afterward to the automatic
brake, is now being, experienced on street
power. Instances are frequent where the
reduction of speed in second of time is
necessary to prevent accident, and this can
only be secured by the adoption of some
form of air-brake. That all applicants for
positions as notrmetl shall be subjected to
a thorough examination as to tnelr habits.
physical ability and Intelligence. Ii this ex-
animation is satisfactory the applicant snail
be placed in a shop or power-house where
the power and machinery he is about to con-
troll. When this is done the applicant
should first serve on the lines of least travel
The speed of electric or cable cars in sub
urban districts hould not exceed twelve
miles an hour. Regulations as to the rate
of speed in the more populeus localities OF
larger cities must necessarily be left to the
local authorities. Legislation should be had
which will compel all cars ON such railroads
to sfon before crossing, steam railroads.