The herald., 1897-10-30
CONDUCTED BY GEO. A. DOBINSoN

ing the years 1895 and 1894 showed deficits
OIL A1 and $45, ,S51, ,294 respectively.
An analysis of the total deductions from
income, $416,57S,137. shows that they were
composed OF the following items: Salaries
ana maintenance of organization. $545, ,46S:
interest on funded debt SPAS, ,624 III; inter-
est on interest-bearing current liabilities.
ss469O63; rents paid for lease of road $92 =
9I2S22 taxes, $39,97O.791; permanent i'm
provements, S5,l62,2iO; other deductions,
$19, ,S29, ,076
Dun & Co.'S report states that the fail
ures in the United States for the week
ended 23d inst were 224 and in Canada, So:
total, go; against 259 last week, 241 the pre-
ceding week and 334 the corresponding
week last year, of which 274 were in the
United States and 60 in Canada.
The receipts for the month of September
on the treasury department amounted to
l,99S,O3S which represents an increase of
over $2,9O0,WO as compared with the preced-
ing mcnth but a decrease of 81, 600 900 as
compared with the corresponding month of
last year The expenditures of the month
amounted to $25, $685. S16, which represents a
decrease of $4,000 600 as compared with the
preceding month, aTl OF over 81 200 900
as compared with the corresponding
month of last year. The decrease in re-
ceipts was due TO a falling off in the reve-
nue. from customs.
Insurance
The receiver of the Farmers Mutual Live
Stock association of Iowa has sent out
an assessment call to the MEMBERS accom-
parted by a circular. i'm which occurs the
following parapraph: THE fact that you
are no longer member of the association
or that your policy was Cancelled or ex-
pired or that you Withdrew from said as
sociation long prior to its failure, would
make no difference. The assessment was
made by the court Independently of all
these considerations, upon the theory that
you being a member of a mutual associa-
ton are liable for your proportionate
share of the losses and expenses that oc-
Cured while you were member" Men,
bers of mutual insurance associations do
not seem generally to realize that unless
their assessment liability IS unlimited
claims cannot be paid in full, and the IN
surance offered by such associations is
consequently worthless.
4 3 4
The circuit court of Aurora, ILL.,, has
given Mary II. Bates a verdict of $1,000
against the Commercial Mutual Accident
association of Philadelphia on policy held
with the association by e. H. Bates, run
over by the cars at Dubuque, Ia, last year.
The association resisted the claim on the
ground of suicide.
Here is another jury verdict, of course
against the insurance company. The
late Cassius C. Merritt of Du-
luth was insured for $4,000 with
the Aetna Life. The last premium
paid was overdue and was accepted on.
condition that the sickness from which
Mr.. Merritt was suffering from the time
should not prove fatal. Mr.. Merritt died
from the effects of the sickness. The COM
pany refunded the premium and got back
its receipt, but the jury gave IL verdict for
tihla full face value of the policy. The case
will be appealed.
The Commercial Mutual Accident asso-
citation of Philadelphia has been doing an
business in Massachusetts,
and complaint has been made to Commits
s'ioner Cutting that the association does
not live up to it's contracts. The commits
sioner replies that the proper course to
pursue is not to take out insurance in an
unauthorized concern. n.-Investigator.
The fire loss of the United States and
Canada for the month of September, as
by the, Journal of Commerce ag-
gregates $9,S92. 900. This is over 1000 600
greater than the total for September, 1896
Mortgages
There were % mortgages and trust deeds
filed yes terday. which amounted to $25.6l0.
The following list gives the particulars of
hose for $1,000 and over.
J. r. Milard to Hattie Meagner-Part
lots 1 and 8. Thomas &, Galbraith tract; 2
years, liz per cent; $1,000.
Mary f. Chalender to Richard Green
Lot and east half of lot6, Hunters SUBJ
division of Rafaela Verdugo de Sepulveda
tract of 999 acres, Ranch San Rafael 2
years, 10 per cent: $500.
Nicholas Mercadante ct al. to Security
Savings bank-Lot 10, subdivision of prop
erty of Mrs. NJ M. Shaw; l year. 9% per
cent: $1,000.
Emma j. McDermd to Grace Weingarth
Hodge--Part lot %. resubdivision of Tur-
her tract: 8 years, 10 per cent: $1,000.
James Roberts ct al. to Adolph Zuber-
Lot q, Alcantara Grove tract; years, II
per cent: s2o0O
Joseph Fl. Wyhe ct al. to A. C. Gray
Lots 10 to 1s, Thomas Leahy's subdivision
Of Eighth street tract: l. 2, 3 years, per
cent; s400 s40O, $500; $1,000.
Arthur c. Howard to Mrs. Ernistina c.
Iohnson-Part Sec. 2S N. IA; years,
Der cent: $1,000.
w. 7. Somes to r. B. Williamson
8 and IA, block /. Orchard tract; years,
i per cent: $1,000.
Mrs. Maria Horgan to Thomas Fitzger-
ald-Lot Z, block 2, West Rosas tract;
Years, 11la per cent; $1,000.
Mining Stock Quotations
The following are the closing quotations
IN the Los Angeles Mining Exchange for
today:
Name of Stock. Bid. Asked. Sales.
Javil .............. 1
East Amargosa.. 100 1000 250O097.50
lucky Star.......6.OO
Magganetta ...... Sas 4 10000 81
10000 SN
Did Dominion..... 2H
Pacific Con. n........ ~ IL
sun-Dance ....... IS
Wedge ............ 81 SOO01 S1s
10000 39s
10000 S7s
5O00GD AZ
100000 AZ
$1,000
Unlisted Active
little Butte....... 1s
IL