The herald., 1897-11-30

10000 bond issue. The fact that he has
now acquired stock In the company IL
accepted as an indication that he has
considerable faith In the soundness and
permanency of the corporation.
The retirement of Will H. Crocker and
the election of Henry T. Scott has no
significance. Mr.. Crocker Is now In New
York and expects to sail shortly for Eu-
rope, where he will remain some months.
During his absence 1t Is deemed advisa-
BILE that his place on the board should be
filed, and for that reason Henry 7.
Scott, who is one of the executors of the
estate Of the late Charles F. Crocker,
was elected in his stead. Mr. Crockef
left his written resignation with the Sec
retary of the company before he started
east.
The directors of the Pacific Mutual
Life Insurance company of California
filed a certificate in the county clerk a
office on the 23d, setting forth that the
capital stock Of the corporation has been
increased from 100000 to 100000.
4 4 +
The Long Reach and San Pedro Elec-
trical company has passed a resolution
authorizing the creation of bonded in
debtedness to the amount Of $4,000.
At the San Francisco stock and bond
exchange Pacific Lighting sold at 56,
Hutchinson Plantation at S5H, Market
Street Railway SIS at 1111s, Spring Valley
Water As at 1921, S. p. Branch Railway
6s at 1O6N, s. p. of Arizona 6s at 10OA,
Spring Valley Water at 991a, S. f. Gas
and Electric at 95 to 95M, Oceanic Steam
ship at 80 and Giant Powder at 35%.
Insurance Notes
The News Letter contains the follow
ing among other up-to-date memo
randa:
The Manhattan Fire Insurance COM
papy has not yet been granted a license
by Commissioner Clunie, although ap-
plication was made last week. Mr.
Clunie may possibly make test case
with this company on his claim that
those companies belonging to the Board
of Fire Underwriters are breaking the
law.
A. Daulton Harrison will assume the
coast management Of an English COM
pany on January !, 1898. He is now
managing the insurance department of
Cotton, Bell & Co.
The Northwestern Mutual has now
800, ,OOO.O 900 of assets for the first time in
its history, and is fourth in point of
size of the United States life insur
ance companies.
The officers of the Connecticut Cen
eral Life Insurance company deny the
report that there will be an extensive
sale of it's stock, involving change of
management.
The rumor that there will be change
in the coast management of the Ameri-
can Central appears to be without foun-
dation.
The San Francisco Life Underwrit-
ers' association Is making arrange
ments for it's annual banquet to come off
next month.
4 The Pacific Mutual. Life is making
large gains this year in new business
written. M. r. Higgins. the superintend-
ent, is in the east establishing agencies.
The receivers Of the Bay State Bene-
fieiary association Of Massachusetts,
have agreed to q transfer Of the men,
bers to the Mutual Reserve Fund asso-
citation.
A jury in the United States circuit
court has returned a verdict of $4S31.20
in favor of George w. Beatty against
the Mutual Reserve Fund Life associa
tion, on the fourth trial of the case.
w. S. Duval has been appointed resi-
dent inspector of Montana.
The Pacific Mutual Life has estab-
lished a sick benefit department in con-
nection with it's accident business.