The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-17
INSURANCE NEWS AND NOTES.

officers and stockholders of the Buffalo
German Insurance Compan are ORGANIZING
another company. with 100000 capital, 10
operate in conjunction with IT,
The late George Bliss, of Morton, Bliss
& Co., who died a few days ago: was for
many years one of the trustees OF the Mu-
tual Life Insurance Company.
Six of the prominent life insurance COM
panies of New York hold mortgage loans
amounting to $4,000, 927. OF this amount
the Mutual Life holds s7,506,6co. or more
than 80 per cent.
Prince Henry OF Battenberg. husband of
the Princess Beatrice, who died recently of
coast fever while with the English army
engaged in western Africa, was insured to
The entire capital stock OF the Mercantile
Fire Insurance Company of Waterloo On-
tario) has been purchased by the LONDON
and Lancashire RE-, Fire :; s Tne e Mercantile mad a
Daniel A. Durham. of the Firemen's In
surance Company OF Newark. y. j., has
been elected president. succeeding j. II.
Kase. Mr.. Durham has been acting as vice
president for the last eleven years.
The late Simon wormser. the ~well-known
banker Of the firm OF i. & S. Wormser, Of
New York city. insured In the Mutual Life
in 1871 for 10000. Recently this policy be-
came a death claim. and the amount re-
ceived by his estate was $4,S4l-
The report Of Auditor Hemenway On the
affairs OF the defunct Commonwealth Mu-
tral Fire Insurance Company Of Boston
came up in the Massachusetts Supreme
Court a few days ago. The auditor finds
that $25o.0 600 should be raised by assessment.
joan NJ. Fitzgerald, the Roman Catholic
priest. for causing the burning of the pa
rochial school house, at Charlotte, y. "
on July IT, last, ended In his conviction Of
arson in the second degree and he was sem
fenced TO State prison.
A San Francisco dispatch says that it is
understood there that e w, Scott: foreign
vice president of the Equitable Life Insur-
ance Company OF New York, who Is ex-
pected in San Francisco on Saturday next,
rendered mis- resignation TO the company be-
fore his departure from Australia
The DAYTON Insurance Company, of Day.
ton. o.. one OF the oldest of the Ohio COM
panies. organized In 1851. has decided TO re-
tire from business, and its risks have been
Insurance Superintendent Kemp has been
president OF the company since his retire.
ment in 1890
The Aetna Life of Hartford increased its
new business last year In the life depart
ment nearly 5000. 900. as compared with 1894.
Its insurance in force was increased up
From its net surplus of over 5000: 600 the
company has declared an increased dividend
TO its policy holders.
The New York Life Insurance Company
of bonds Of the new United States govern
ment loan. The Mutual Life was an I'M
successful bidder at a lower figure for a
two million dollars worth of bonds, but it's
bid was under the limit that was favorably
considered.
The Helvetia Swiss Fire Insurance Com
pany. OF ST. Gall, the largest of the Swiss
companies, Will apply for admission to
New York. and deposit the requisite 5000,
coo with the New York insurance depart
ment. and 100000 will also be deposited
with trustees, Weed & Kennedy. who have
been the correspondents OF the company in
New York, will be the United States mana
gers
The Harvard Mutual Fire Insurance
Company. Of Boston, was organized Jan.
81. and has received its charter. The direc-
tors OF the company are all Harvard men.
s. f Winslow will be president and David
the company, which intends to start with
a guarantee capital of 100000 and do bust
ness In New England Pennsylvania, New
Jersey. Delaware and New York.
II has been learned from private sources
that the Duchess Of Marlborough, nee Van
derbilt, is to have her life insured for Sc
100000 for the benefit OF her husband. An
application has been made and a medical
report submitted. The insurance is to be
placed In a syndicate Of British life com
panies. The risk will be one OF the largest
ever written. Sir Dyce DuckwOrth. honorary
physician TO the Prince Of Wales. made the
medical examination of the Duchess. Wher
Mrs. Hammersley, Of New York, married
the father OF the present Duke. and went
restoring the palace OF Blenheim. and by
way OF Indemnity, she, at the suggestion OF
her american solicitors. took out a polio,
or her husbands life for 1850, 000. II wa:
denied by the Marlborough family that any
Of the Hammersley money was used TO re
that the expense was borne by the Mari
borough estates.