The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-01
INSURANCE NEWS AND NOTES.

The New York Bowery Fire will reinsure
its outstanding risks with the Palatine.
The Tennessee press is urging the Legis-
lature OF that State to take action on the
subject of infantile insurance
The South and North American Lloyds
and the Globe Fire, of New York, have APP
Piled to do business in Georgia.
James Doherty. aged sixteen, has con-
fessed that he fired ST. Peters Church. in
Boston, on Wednesday. March g..
The Northwest Fire and Marine Insur-
ance Company, of Portland Ore, has re-
tired and reinsured it's risks in the Fire
mans Fund, of San Francisco.
r. Y. Lindabury, of Elizabeth, N. j., has
appenfea reeeiY h Of the
in place of ex-Judge Stevens. who declined.
James H. Kidder, a popular special agent
OF the Mutual Life, died in Brooklyn a few
days ago, aged sixty-seven years. Many
years ago he was q member of the shipping
house or Samuel G. Read & Co., of Boston
and New York. s4ssa
The receivers of the insolvent American
LIE insurance Company, of philadelphia,
have completed their report. There is a
balance OF $4,000 in the hands of the re-
ceiver to be distributed among the policy
holders, sand the dividends declared by the
AUDITORS is 11.65 per cent. This is the final
dividend
sachusetts, has filed bill in equity in the
Supreme Court asking for the appointment
OF receiver for the Suffolk Mutual Fire.
The same official has requested the appoint
ment OF a receiver for the commonwealth
Mutual Fire, of Boston, on the ground of
its insolvency.
the extent of more than $l.0G0,000 by two
fires last week One at Sioux City, Ia,
caused a loss of $780, 900 on which the in
surance is only about s60,o0U. The loss by
the fire in the International cotton press,
at New Orleans, was about $500 900, most of
which falls upon foreign companies.
The Hartford Steam Boiler Inspection and
Insurance Company will be permitted to do
business in Ohio without depositing $4,000
of th sse new e ene ta zig
pany cannot be held to do employers
liability business within the meaning of the
Montgomery statute. Hence the insurance
department must issue to it a license with
out impos ng the condition of deposit.
The Bay State Mutual Fire.. of Gardner,
department Of Massachusetts to levy. an as
sessment on its policy holders to make good
the Impairment OF $22,G9l which appeared
from the receat examination Of the COM
pany by the department. This examination
disclosed assets of $s7 Al and liabilities of
s5s,535, the latter including a pro rata re-
because $1,000 of premiums written from
January to April, 1894, were reinsured. A
sss sslper'en', reserve ~0u'a nave 0eeh 0hiy
Col. Martin Van Buren, Edgerly,5 presi-
dent of the Massachusetts Life. of Spring
Hotel in New le York city, Y las. week. Of
men nights. He had just returned from
Fortress Monroe with his daughter. Both
cess formed IN the right ear OF Colonel Ed
gerly, which was one of the immediate
causes of death. Mr.. Edgerly was born at
Barnstead, N, H., Sept. 2e 1888. He. was
educated in the public schools, and en-
tered the service of the Massachusetts Mu-
tual as solicitor when twenty seven years
old. After filing many important minor
positions he was elected director of the
company in 1882, second vice president in
1883, wee president in 1885 and president in
1856. While resident of New Hampshire
Colonel Edeerly was a factor in politics
and prominent Democratic leader. In
1882 he was the candidate of his party for
Governor, and came within a few votes of
election. He received his military title
while a member of the Governors staff.
Colonel Edge ~ was also president of. the
Hampden Loan and Trust Company of
Springfield president of the Des Moines,
Osceola & Kansas City railroad and di-
rector of the Boston & Maine railroad. He
was also president of the Nyasset Club,
the. leading social organization of Spring
field. His wealth is estimated at $500 900.
His wife died last August. He is survived
by a daughter and son. The latter is the
New York agent of the Massachusetts Mu-
tilal Life. Some years ago he married Rose
Coghlan, the well-known actress. from
whom, he WAS divorced.