The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-05

The mortgage was executed in July. 1851,
for five years at per cent. Interest has
no. been paid when due.
Ten companies carrying lines on the life
of the late James Dugan, of Salem. Mass,
aggregating $4,000 have compromised The
,heT no six 1ss ~ se ne
1895 1t appeared that he had failed. ana
had taken most of the policies shortly be-
fore his death, and suicide was suspected
In proceedings for q voluntary dissoiu-
ton OF the Liberty Fire Insurance Conn
pany. of New York, Justice Patterson, OF
Morrison receiver. His bond was liked at
100000. The receiver, upon order of the
had about s22i0oo of assets when il went
into dissolution, with liabilities OF about SILL
Ooe
A bill has been introduced in Congress
by Mr.. Hayes, of Iowa to establish postal
insurance upon mail matter. 1t provides
that all prepaid matter of the fourth class
shall be entitled to insurance by the pay
ment of the following sums: Five dollars
in value, or fraction thereof, 10 cents; for
dollars 10 cents; to and including twenty
dollars. 20 cents; to and including fifty dol
lars. 80 cents. and TO and including one nun
dred dollars, 40 cents. In consideration of
these payments the government is 10 IN
sure the sender of the mail against all loss
and pay in full for the matter lost or de-
stroyed.
1t is understood that mutual insurance
companies will soon refuse poilcemenS
come come from the eHf ROYAL Arcanum, next after
the A. o. L. w the most popular organ
ization among policemen It Is known that
years looking up the facts about police
risks, and the showing is very unfavorable
was s.i1 per loco in 1898, and it has not
varied greatly in several years. In the same
year it was Is per 1000 in the New York TX
police force; that is to say, out of 5,S42
men fifty-eight died. Last year. with prac-
tically the same number Of men. the death
rate has been 14.5 In 1892 it was 1885,
A committee of the National Fraternal
Congress, which recently held its annual
convention in Buffalo, has furnished the
following statistical statements showing
the aggregate membership and business of
thrty-four leading fraternal beneficiary
organizations for the year 1893:
Total membership Jan. l. 1S93... 1,20s 4S3
Members admitted in 1888 240 410
Members died in 1893 ....-.......-. 1918
Members lapsed in 1898. 12OS 3S
Net membership Dec. 81 1882. sos
net gain for the year of $500. los 4S3
The amount written in 1893 was. 1921 690,2l5
was ........................ 24s,s75,s32
A net gain, in protection, off,. 72,3l3sSS
Total protection in force Dec. 81,
1893 z,oll, loz,uoo
An important against the Metropoi-
itan Life Insurance Company of New York
is on trial at New Haven The ac c,i NJ. is
resenting himself and forty-one others.
who sue to recover the accumulated earn
ings policies issued by the company
from 1871 to 1875, under a plan then known
as the reserve dividend fund" BY this
plan these policy holders who paid their
premiums without default for period OF
ten years were to receive an equitable
share in the earnings of the company APP
portioned under this PLAN The amount APP
portioned was much smaller than it was eX
pected it would be. The important question
in the case which the court will have to
pass upon is whether the policy holders,
having given receipt in full, have the right
to hold the company A decision averse to
the Metropolitan means that it will be
obliged to pay the plaintiffs something like
$3.50, 900.