The herald., 1897-10-15
THE INVESTOR
A.
CONDUCTED BY GEO. A. DoBINsoN

of government. 1t is claimed that even
better results are obtainable. The actual
net railway surplus for the year ending
June 30, 1897, was s57 100000 The report
says no other branch of public property
pays so surely and so well.
The certainty of receipts, the amount,
the ease with which obtained, and their
cash character, render them the most use
full of all forms of government income.
The tendency all over the German en-
pire is toward state and city ownership
of all kinds of transportation facilities.
roads, railroads, for steam, horses,
electricity, etc. as we'll as of telephones,
telegraphs and other means of communica-
ton.
Per contra: 1t should be observed in
passing, says Bradstreet's, that at this
time the city of Philadelphia is about to
sell the municipal gas works. which for
two generations or more have been owned
and controlled by the municipality While
in recent years this ownership has been
relatively free from the scandals which at
one time made the management of the
property reproach to the Quaker City,
the relation was found to be attended by
many disadvantages. both political and
practical and the voluntary relinqush-
ment of control in this instance is re-
commentary upon the arguments
so strongly urged by many of the leading
experts for municipal ownership of all that
ministers to the necessities of an urban
population.
According to the New York Tribune, the
new arrangement by which the average
daily condition of banks which are not
members of the clearing house, but clear
through members. Is to be published will
go into effect on Monday. November 1st.
The statement of the associated banks
constituting the clearing house appears on
Saturday. 1t was deemed inadvisable to
have the statement of the banks not men,
bers appear on the same day so Monday
was selected for its appearance.
Insurance Notes
The Firemans Fund and the Home Mu-
tual Fire Insurance companies of this city
will issue a joint policy under the name
of the Pacific Underwriters, which will be
guaranteed by the combined assets of both
companies, amounting to $4 500, 000. The pol
icy will be extremely liberal in construc-
ton, and will doubtless prove popular with
the insuring public.
With the exception of the Equitable AS
surance society. all life companies have
suspended writing business in districts af-
fected by yellow fever.
Inc Mutual flfe Is pFOCeeulHf0tO o CHdHSt
its name to the Manhattan Fire Insurance
company. and to reorganize on the basis
of a joint stock insurance company, with
an increased capital stock of $3.50 900. The
identity of the company will remain un-
changed under the same officers and board
of directors.
The Colonial Insurance company is about
to be organized in Jersey City, with $125,000
to do an industrial business. 1t is under
hot Ca1a nfo1 oil, nrI, hn
business of the Citizens Mutual Life In
surance company of Atlantic City. of which
Congressman John j. Gardner is president.
The regular quarterly banquet of the San
Francisco Life Underwriters association.
announced to take place on the evening of
the Sth of this month. did not materialize
W. T. Thomas. who leaves the Alliance
and Commercial Union Insurance compa-
nies. at the solicitation of superintendent
James Crawford Hanna to accept the
United States management of the New
Zealand Insurance company Is man of
rare ability and it is freely predicted that
bis loss will be seriously felt by the two
former companies.-News Letter.
Mortgages
There were fifteen mortgages filed yes
terday. which amounted to $24, SO. The
following list gives particulars of those
amounting to $1,000 and over
Jacob Q. Hepner ct al. to 7. E. Finch
Lot s. block, 2s, and lot s, block 27, Phillips
tract; three years 101a pei, cent; $500.
Margaret Finck and Henry Finck to
Thomas +. Croft-Lot 12 Lock-Haven.
three years. II per cent $235o.'
Mrs. Hattie B. Weld and w. c. Weld
to Anna NJ. Phelan-Lots AZ. 43, A and 45,
block A, Pomeroy & Stimsons S subdivision,
one year. 10 per cent; $110O.
Samuel w. Luitweiler ct al to Security
Savings bank-Lots 129 and 1870 and east
half of lot 1Sl and part of lot 213. Lanker-
SHIN ranch: part of lot H. Mcdonald
tract; blocks 5 and Corona tract; two
years. 10 per cent: $4,000.
A A. Eckstrom ct al. to A. H. Carey
Part of lots and g. Weisendanger city
tract; payable quarterly: II per cent; $1,000.
z. D. Campbell to Sanford Ballou-South
half of the following: Beginning on north
side of Pasadena county road. 5.36 chains
east of southwest corner of tract con-
veyed by George f. Meharry to Nelson
w. Bell. 3G1-2S7. thence east along north
side of said road $3.50 chains. ETC.; one year
10 per cent; $1,000.