The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-03-28
More Money From the
Peabody Fund.
4 LBGISLATIYE OVERSIGHT
No Appropriation for Mainsenance OF
Criminal Insane-Raleigh Street Car
Company 60 be Reorganixed-Many
Inquiries From Insurance Companies
ms TO New Insurance Law-Ah Fra~
ternal Orders with Insurance Fea.
lures Required TO Take Out License
Messenger Bureau,


Raleigh, n. C, March "a
Today Superintendent Mebane receiv-
ed from DR.. J.. L. NJ. Curry. OF Wash
ington. d. G. 81, 200 as his states ap-
~portionment OF the Peabody school
fund. This money will be divided as
follows-s1, 400 10 the Normal and In
dustrial school at Greensboro: $500 TO
the normal school at Winston; $50 TO
the normal school at Elizabeth City,
and $50 to the normal school at Fay
e~tteville.
A letter received here from General
Ransom states he will put 1900 bales of
cotton on the market next week. The
ex-senator is one of the largest cotton
raisers in the south.
1t is reported here that the street car
company will soon be reorganized.
AS soon as the Day case is decided,
the governor will call a meeting of his
council and recommend that the state
treasurer make a oar Of Sc, 900 for the
support n maintenance OF the crimi-
nal insane, an appropriation which the
last legislature, by an oversight, failed
to make
Several kilograms and letters have
been received from some of the northern
cities asking if there is an antitrust
law in this state, and, if SO, what is
h purport of such law. OF course the
reply to this question is that the last
general assembly did pass an anti
trust law, but it is not effective either
in regulating or suppressing trusts. No
trusts, however. are organized under
the laws of this state.
Insurance Commissioner Young says
that there are 129 insurance companies
in this state and most of these have
signi1ed their intention Of re-register-
ing under the lev law. Some Of the
companies, he says, are badly fright
ened, thinking it questionable If the ma
ture OF their assessments or thIr gen.
eral business will allow them to regis
ter under the new act. Il continue to
emphasize" said Mr.. Young, that
every insurance company is required
to deposit a opy of its charter and a
statement of it's financial condition in
such form as the commissioner NAV
direct; and it is required to show to
the commissions that it is fully and
legally organized to do the kind Of
business 1t proposes to transact"
1T is not generally understood that
under the new law all assessment and
fraternal orders that write, or pretend
~ "AitC any hIilo VI dIlCC Il HOW
under the direct supervision of the in
surance department, and must obtain
from the department the license to do
business in his state. Heretofore a
license for these orders was unneces-
sary. This provision applies to the
knights of Honor, the Royal Arcanum,
the or der Of the Heptasophs and all
other orders of a similar kind.
1t should be remembered, too, that
an agent who places any risk in an IN
censed insurance company renders
himself liable to indictment inc also
for any loss that may occur under the
policy And any man who takes out a
policy in an unlicensed company can
not maintain a suit against the COM
pany.
The recruiting office is sending men
from here every day. Major Davis, who
has charge Of the recruiting station, be-
lieveS that a great many men from the
First North Carolina regiment will re-
enlist through the office.
Stock in the Atlantic and North Car
DINA railroad remains practically un-
effected by the contention between the
old n the new directors. 1t has re-
Gently been sold at s22, which is about
the usual price.