Evening journal., 1897-02-20

THE SENATORS AND REPREsEN-
TATIvEs.
Stan Correspondence Evening Journal.
DOVER, Feb. O.-Representative L.
II. Hopkins presented to the House the
biennial report of State Insurance Com
missioner Peter X. Meredith IL shows
that during the year 1895, 107 insurance
companies were authorized to transact
business in Delaware divided as fol-
lows: 81 fire, II life. 10 assessment. 13
casualty and guarantee. 8 accident and
1 live stock Five Of the fire companies
were incorporated by this state. four
of which pay an annual tax of 500.
The Delaware State Grange Mutual
Fire Insurance Company is exempt
from taxation.
Since his last biennial report there
have been ten companies admitted to
transact business, and three have with
drawn.
During the year 1895 the companies
incorporated by this state collected
premiums in this state amounting to
100000, and incurred losses to the
amount of $34,965.G7. and the compan-
les Of other states and foreign coun-
tries having authority to transact
business in this state, received pre-
miums amounting to $i73 961 60, and
increased losses amounting to $149.-
915.07, showing the whole premium re-
ceipts for the year to have been $685.
96l.65. and total losses incurred, $l12,-
376.9S.
During the year 1896 the companies
incorporated by this state coll
lected, premiums in the state
amounting to $9O,4SO.25. and
incurred losses to the amount of S29,-
45405; and the companies of other
states and foreign countries having au-
thority to transact business in this
state received premiums amounting to
$1S4.070.79, and incurred losses amount
! ing to SS503S76, showing the total
premiums received for the year to have
been 1914 551.04; total losses incurred,
Sf14,492S1
The receipts from October 3, 1894,
/, to October 3. 1895. were $16.47O.O .O3; from
October 3. 1895, TO October 8, 1896. S17-
1867, with a balance Of S17,052.02.
Showing the amount received for IL
cense and certificates of authority to
) agents and companies and taxes from
companies and all other sources for the
! two years previous to October 3, 1896,
after deducting expenses, to be S33,
531 .05, which amount has been APP
proved by the state auditor and paid to
the state treasurer. Before the 23rd Of
{ next month. when his term expires, he
/ will have about $4,000 more for the
. state. increasing the amount received
for the last two years and six months
to about $4,000.
He recommends an amendment tC
the act in relation to foreign corpora
tiOns doing business in this state be-
l fra rh, ..f
Delaware. by inserting the words life
insurance companies other than life
and fire" after the word companies
in the eighth or last line of the second
section Also that the act amending
chapter 140, volume is, Laws of Della
ware, passed at Dover on April 6, 1897
be amended by striking out the words
clerk of the peace where it appears
in the act, and insert in lieu thereof
7 the words insurance companies.
t A BIG WILMINGTON COMPANY.
Representative Cheairs will introduce
an act to incorporate the Guarantee
Title. Trust and Insurance Company
Of Wilmington. The incorpOrators are:
James Megary, Charles b. Houston
William II. Heald Harry A. Richard
son. Peter J. Ford, Charles F. Rich
| dluct JUotlI Aif dtilAANo L. N|RAN'NN
Hugh c. Browne, w. M. Ross.
q The powers conferred are embodied
# in the following section
:, Section 2. The object and purpose o.
/, this act is to create and organize an in
It I corporated company and to authorize
i and empower it as such, and said com
n pany is hereby created and is hereby
authorized and empowered to receiv'
and hold for its own use, benefit an'
: behoOf and also on deposit and in trus
and as surety moneys and other prop
IT erty and estates, real personal ant
l. mixed. Of whatsoever kind and nature
e and the same to invest and reinvest
d purchase collect, adjust, manage set
l. tie. grant. lease. sell and dispose Of II
IS any manner and upon such terms a
q may be agreed upon between the com
pany and the parties contracting wit
1t. 10 receive upon deposit for saf
keeping upon such terms as may b
prescribed in the bylaws. or shall b
al agreed upon, money, Jewelry, plate
a. deeds, bonds and any and all other per
E. sonal property of every sort ana KIN
II as well as from executors, administra
A. tors, guardians. public officers, recelN
le ers, assignees, trustees and other ndt
ciarics. who are hereby expressly an
lnOllLtu 10 uldht cNin NNHooANo " '"'
ments as from all other persons an
h. corporations; to rent safes, vaults an
n other receptacles for such propert
Is also to accept and execute trusts OF an
re and every description; to become a.
m signees to collect the income, make il
10 vestments and TO assume the agenC
and management Of any property whie
may be committed or transferred to
with its consent by any person or pc
es sons whatsoever or by any corporatio
~ or public officer or officers, or by an
n court Of record of this state or an
of other state or of the United States;
A. | accept and execute the office and a.
or poinsment of executor, administrato
70 receiver. assignee. guardian, trustee
other iiduciary of any kind and natu
whatsoever, whether such office or a
r. pointment is conferred or made by al
nd person or persons. or by any court
as record either of this state or OF al
in other state or Of the United States.
The company may also act as age