Birmingham age-herald., 1895-05-26

committees to be elected at lf1e next afl- nual meeting; For president, John II. Washburn; vice-president, Mason A. Stone, secretary. Alfred M Thorburs; assistant secretary, James M. Hodges; treasurer. Lindley Murray, Jr.; commit tee on finance. F. O. Affeld; committee Of fire patrol, Benjamin G. Alderman; committee on laws and legislation, E. F. Beddall; committee on surveys, George w. Babb, Jr., and committee on electric ity, James A. Alexander.
 Judge Bookstaver of the supreme court has denied the application of Attorney General Hancock for the appointment Of a temporary receiver for the< Equitable Mutual Fire Insurance Corporation ot New York. The judge said that the law which permitted the insurance depart ment to give the corporation thirty days notice that it must make good the inn pairment of it's capital had not been com- piled with and also that it had not been satisfactorily shown that the corpora ton is insolvent. Judge Bookstaver add ed that he. was not convinced that the company had violated any act under which it had been chartered. No doubt there had been irregularities on the part of some of the officers and agents, but the good faith of the directors appeared to be unquestioned. In view of the cir cumstances, and the fact that the di- rectors had expressed for the corpora ton desire to make good any deficien- cy in the cash, the judge said that he would refuse to appoint a receiver, but would grant permission to Attorney General Hancock to renew the applica- tion if, after the thirty days notice had been given the company to restore it's capital, it failed to do so Edward M. Knox resigned the presidency of the company at the meeting of it's directors held on Saturday.
 The directors of the Commercial Union Fire of London report that the net pre- miums in the fire department for 1891 amounted to $5,63S,720, being an increase of SAP, ,965 as compared with 1893, and the losses paid and outstanding to $3,394,- 365, or 60.19 of the premium income.
 Samuel Wells has been elected vice. president of the John Hancock Mutual Life of Boston in the place made vacant by the death of Samuel Atherton. Ro- land O.~Lamb succeeds to the place of second vice-president, which was filled by MT. Wells, and will also act as sec retary of the company.
 
 The thirty-one regular life companies doing business in New York state col lected in 1894 SPA, 100, Al in premiums on policies held by citizens of the state. The total insurance written in the year was $122, 7S6, 490. The amount remaining in force at the end of the year in all thA companies on citizens of New York was $674, ,384 481. The companies gained in the year BPS, 750,933.
 The Queen City Mutual Fire Insur- ance company has been fioated at Man chester, N. H.
 The National Fire of Hartford has re- insured the business of the Franklin of Louisville, Ky.
 
 It is understood that the Guarantee Lloyds will succeed the Guarantee and Accident Lloyds of New York when the accident business of the last named is absorbed by the new United States Cas- ualty company.
 The Central Mutual Fire Insurance company of Boston will begin business on Monday.
 The new Georgia Mutual Fire Insur- ance company of Atlanta, Ga, has be- gun business.
 The Malby bill to regulate the Lloyds failed of passage in the New York legis- lature before it adjourned last Thursday The insurance legislation of the session was unimportant.
 Ex-President Philander B. Armstrong has begun suit in the New York su- preme court against the American Un- ion Life Insurance company for $50,- 900 for libel; against five of the direc- tors of the company, w. F. Smih. Alex ander Pollock, J. J. Phelan, c. l.. Mid dleton and John H. Flagler for $50,000 each also for libel and against the com pany for $25,0e0 for services rendered in creating the company. The libel con- sists of charge made in a report of the finance committee of the board of direc- tors that MT. Armstrong is not entitled to compensation for promoting the com pany, as he claims. Notice of the suit was served on Secretary Whitney last week. He smiled.
 At the annual meeting of the board of fire underwriters of the Pacific coast, held at San Francisco May 10, William J. Dutton of the firemen's fund was elect ed president in the place of George ". Spencer, and w. J. Callingham of the Scottish Union and National Orient vice president, in place of J. w. G. Coffman. The dissolution of the board is immi- nent.
 Judge Ingraham of the New York su- preme court has appointed Ex-Fire Com missioner Henry Winthrop Gray tenn porary receiver of the United States Mutual Accident association, and fixed his bond at $25000 upon an application to the court by Attorney-General Han cock. The application was based on a report of the result of an examination made by the New York insurance de- partment, which showed that the asso- citation is hopelessly insolvent The de- tailed statement of the report follows: Assets-Cash sS49S.65; bonds S11 ,S37; cer- tificate of deposit, SIS, 900; bonds and mort gages, $10,000; individual accounts, S8115; agents balances s16,0S6; furniture, $21- 26S. Liabilities-Bills payable, $26000; members balances, $7SS3.92; deposit ac- counts. $9371.S1; indemnity claims ap- proved. $46,21SSS; indemnity claims un-