The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1903-03-31
MESSENGER Bureau.

of Veterinary Medical Examiners: b. l..
Griffin, Concord; TAFT Butler, Raleigh;
| W. C. McMackin, Raleigh; Thomas B.
Carroll, Wilmington; J.. w. Petty,
made under an act of the recent legis-
. lature..
State Treasurer Lacy aid today that
bid for the state bonds were coming. in
daily. The issue is to be of S4O0, 900 of
3 per cent bonds.
Today the insurance agency OF Pate
n Robb incorporated" was charter
ed by the secretary of state. Under an
amendment to the law regarding the
chartering of corporations, which
amendment was offered by Senator
Pharr, this word incorporated" may
now be inserted instead of the word
company"
Governor Aycock left today for Gull
ford college, to max an educational
| address and tomorrow goes to Pelham,
for the same purpose. State Superin-
tendent Joyner left this morning for
LAGRANGE, also to make an educational
speech.
The cool wave came along this morn
ing and in low places there was a little
frost, but not enough to do any dam
age.
Among today's arrivals We're George
Cotchett, Wilmington; a. NJ. Fry, Bry-
son City; K. c. Cameron, Cognac; T.
L. McNair, Laurel Hill; George A.
Jones, Franklin.
NaU-S rpoahnc horo tho- tho dow, Of n
pond at the Panacea Mineral Spring in
Halifax county had broken and that
the earth has been washed to a depth Of
10 feet over the spring. The dam was
only a few yards above the spring.
The Baptist Tabernacle here calls
Rev. Jasper c. Massee, a native of
Georgia and now a pastor at Mansfield,
Ohio, to be its pastor. It is understood
that he will accept.
Arrangements are now we'll under
way for the street carnival of the
Knights of Pythias here in May. The
the capitol squar
Nearly all the local republicans here
| heartily redicule the Fairbanks boom.
It is expected that as a result of the
recent act Of the legislature regarding
| 0lllOl dll"dy SIdliOIlS, d. eds d uOLSI
will be built in the state.
Your correspondent had a special in
terview with Insurance Commissioners
Young regarding the features of the
insurance laws as enacted or amended
at the late session of the legislature.
Mr.. Young said one law affects resident
| agents. No nonresident Of the state
can represent any fire insurance COM
/ NJ ~ T. H. ~
! agent is indictable who divides commits
siOns with any nonresident agent Or
broker. This is a sweeping act and will
save $4,000 annually to the insurance
agents of this state, who greatly desir-
ed this law. Under another amended
law no surety or bonding company
can act as guardian, trustee, ETC., with
out giving bond, unless it is solvent to
the amount Of not less than 500, 900
over and above liabilities. The amount
was formerly $50, 900. Under another
amendment a broker can insure in non
residents mutual companies to cover
cotton mills in this state by filing pa
pers with the insurance commissioner
and pay the license and taxes for each
Of these companies. A law enacted
regulates life insurance companies, pre-
scribing what their assets shall con-
sist of and proving for the return and
valuation of their policies by the insur-
ance commissioner; all policies to b.
valued on a basis of 4 per cent; and
further providing for a ~retaliative law
on other states where unreasonable de-
hands are made against North Caro-
lima companies. In this connection the
insurance commissioner said the Secur-
ity, Life and Annuity Company, of
Greensboro was arranging to do bust
ness in Virginia, West Virginia and
South Carolina.
Another amendment to the laws re-
Quires all officers or boards having in
charge any state property to make re-
turn of the same to the insurance COM
missioner, and making it the duty OF
the latter to place such insurance On
this property as may be agreed on be-
tween him and the officer or board nav
ing the property in charge. Insurance
Commissioner Young was in this connec
ton asked if all the public buildings
were insured. He said that all were ex-
cept the capitol and penitentiary; tina
all the others had some insurance, but
that it was light, being not so per cent
Of the value of any building; the hos
pltal for the insane at GoldSbOrO being
best insured, carrying nearly 500, 0OC
which is almost 80 per cent. a general
law provides that all companies, asso-
Citations or orders organized or doing
business in this state nave to be super
Tised by the insurance department and
pay taxes, which are imposed upon 9TH
er companies Of that class: this act re-
pealing or ~suspending all laws in con-
fict with it, this repeating all special
exceptions granted by charter, etc. An
other act requires that all companies
doing an assessment business whether
life or fire are required to keep on de-
post in the state enough to pay an av
erage loss or losses which will "
the time which they take to make ar
assessment and pay a loss; this apply.
ing to all the orders, (fraternal. etc.
and is said by the commissioner to be
one of the best of all the new laws