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TItlRSDAY, OCT. 15, 1885.
LOSSES BY FIRE AND BY WATER.
The experience of marine and
oilier lire insurance companies indi
cates Hint their losses nvc largely
ilue to the intentional destruction of
insured propeily for Hie purpose of
getting the insurance, more espe
cially when that is excessive.
Kviduncc recently brought out by
n royal Commission which has been
investigating the subject, shows that
during the nine years preceding 1881
there oceuncd to vessels in the mer
chant service of Great Britain, and
its colonics 10.IU3 wrecks and casu
alties, as the result of which 11,392
passengers and 21,321 seamen lost
their lives. Disastcis to uhips, loo,
have been increasing, while the loss
of lives of crews has fallen off largely
from year to year. In fine, the evi
dence supports the theory of the
British Board of Trade that these
losses arc in great part preventable,
and a consequence of ovcrinsur
ance. More than half of the vessels were
stranded, a favorite method of
swindling insurance companies, as
we know from our home experience.
The fishermen of Long Island, for
instance, are apt to take a very
cynical view of the causes of the
wrecks and strandings which occur
along their well-lighted coast. Their
inference usually is that the ship has
been run ashore in order to obtain
the insurance money ; and it seems
that losses of the less-prized sailing
vessels of the Uritish merchant ser
vice steadily increase. Instances
where vessel's have persisted in in
viting disaster by getting in the path
of great steamers, and more espe
cially of Government ships, arc also
frequent in this country, and pro
bably not less so in Great Britain.
The evidence presented by the
Board of Trade indicates how it may
be more profitable to lose a ship on
the return voyage from India, for
instance, than to safely bring her
into port with her cargo at low
freight rates; and now, when so
large a part of the merchant marine
of England is making nothing, the
temptation to sacrifice the vessel
and-endanger lives,. in order to get
an excessive insurance must he
greater than ever,
The average annual loss by fire
in the United States and Canada is
over one hundred .millions of dollars,
and the fire Josses of the insurance
companies arc increasing. The pro
portionate destruction of piopcrty
because of criminal negligence or
actual assistance and connivance on
the part of owners can only be
guessed at, for evidence enough to
prove the guilt is not often obtain
able ; but experienced underwriters
believe it to be large. They know
that a rascal may be able to cipher
out a belter profit if he burns up his
property, than if he sells it, for even
an entirety accidental file not infre
quently proves of much advantage to
The rates of lire insurance, despite
the increase of losses, arc much
lower than formerly, because of the
competition of companies, so that
the Commercial Jhtlletin comes to
the conclusion that "lire underwrit
ing, as at present conducted, and in
the lurid light of latter day loss
ratios, is more nearly a gratuity to
the average property owner than
anything else in the line of benevol
ence that wc can think of." But
for the interest received on invested
assets no dividends worth mention
ing could liavc been paid recently
by the companies on the millions of
their capital. "It is within easy
proof," continues this authority,
"that, taking the last twenty or
twenty-five years together, the fire
insurance companies doing 'business
in this State our own and those of
other States have not paid to their
stockholders in dividends an amount
equal to the interest earnings of their
assets to say nothing of any profit
gained from undei writing."
The inference from that is that
the insurance companies have made
during that time nothing out of
their premiums, even if their losses
have not exceeded their gains from
that bource, and that they only live
because they have in the past ac
cumulated assets enough to pay a
fair interest on their capital. The
careful and ' conscientious among
the insured pay, for the losses in
curred by negligence and rascality ;
and the stockholders in the com
panies draw their dividends wholly
from their past accumulations. Yet
the Jhtlletin says that, "with scarce
ly an exception, every Now York
company could at this moment close
its busiiiess, reinsure all outstand
ing liabilities, and pay back to its
stockholders every dollar of the
' capital invested, and, in inOst in
stances, a handsomp percentage of
If that is so, these companies
. must have charged oxcessivo ratos
in the past, and the lower rates to
which competition has reduced them
would doubtless afford them a fair
profit if they were duly careful in
.. taking risks. Xfe9 York Sun.
DETROIT FREE PRESS CURRENCY.
Greenland has only one newspaper,
and its editor is about the only man
who can read it.
Kiel gol the Indians into his re
bellion by piomising that whiskey
should soon fell for a dollar a barrel.
If you haven't been sick 500 days
in fifty years, or a pro rata on what
ever your age is, you haven't come
up to the statistical mark.
A woman who had a bed-quilt at
a Kentucky county fair and failed
to take a prize went home and steb
bed her husband as a consolation.
The sale of distilled spirits in this
country last year amounted to 09,
000,000 gallons. Probably the most
of it was used to bathe tender feet.
A bottle of milk which a Balti
more chemist was testing Hie other
day exploded with great force and
nearly killed him. It was probably
from a kicking cow.
FOlt SALE CHEAP.
Oho Light Top Family
Waeon and 1 Ton Busl.
"noss Wagon. Apply to
l J. WiMlKLi.YI,
Contractor ami Builder, 10!) King street.
LIME ! LIME !
I'lilrosti.c Home Mimiiiucim-e
The Hawaiian Stone Comp'y
Are now prepaid! to furnish flush Lime
in quantities to suit purchasers, anil
.satisfaction win ranted at to both Ihe
kind aii'l the pi ice.
ALLEN .& ROBINSON,
!);l ly Agent".
Honolulu Carriage Manufact'y
228 and 230 Tort Street,
Honolulu, - - - - Hawaiian Is.
W. H- PAOK Proprietor.
COTTAGE TO LET.
.A nice 4 room cottage, within
fcgllstaitc at Kapalaina. Terms 20
jcusy reach of llcnoluiu, situ.
per month. Apply to
MRS. MARIA KING,
on the grounds r 1 A. .1. Cartwright,
at his office. 10 tf
THE KAbT SAILING
ktSs. Schooner EHUKAI
will run regularly
TO WAIALUA EVEUY MONDAY,
Returning on Thursday, weather
For freight or passage apply to the
Captain on hoard, or to
Pacific Navigation Co.,
Ice Cream Parlors !
:Vo. sn ITololVSSlreet.
Delicious flavored Ice Cream made
from pine Dairy Cream, Fruit ices,
Sherbets, Ice Cream Drinks and many
other refreshments can he found always
at this really lirst-cla'S resort. Choice
Confectionery and Cakes in great
Families, Parties, .Balls and Weddings
For the convenience of tlio public ve
pack ordeis for Ico Cream in Patent
Refrigerator Cans, which hold from 1 to
10 Quarts, warranted to keep its delight
ful flavor and- perfect form for many
BgyThe Elitu Ice Cream Pallors are
open daily until 11 i'.sr. 88 ly
This elegant Rink has been painted
and overhauled generally. The propri
etor, finding, atier long usage, wood
unserviceable for Roller Slutting, has
after great expense, laid a
Patent Compsilion Floor,
And only asks a trial to convince anyone-
of its great advantages over wood,
for case iu skating, cleanliness, etc.
efiv Ouen evflrv ovenim; in thu week
from 7 to OJfl' Al "Wednesday aud Sn.
turday aiicruoppy lor inuics nun cnu
dreii. '' V D. P. SMITH.
71 Queen Stroot,
Steamer "J. I. Dowsotr,"
Rob Roy, Milo Morris, and Josophlno.
' SALT l'OIt SA.JL1J.
Fine and coarse Puuloa Salt ; line
Kaknako Salt, in quantities to suit.
Also, large and mnll Iron Water
Tanks. Paints, Oils, Etc., Etc. C3 ly
The undersigned having
mKcn cimrgc or .uaggago
Express No. f)4. for the
Ktrposo of carrying on the Express and
ray business, hopes by paying strict
attention to business to icccivc a share
ot public patronage.
13T Moving pianos and fiirulluie a
specialty. II. JBURGERSON.
Residence, corner Punchbowl and Bc
rclania Streets. Mutual Telephone 320.
West, Dow it Co., Telephone 179.
and Lock Smith,
Bethel St., ne.t to Post-Offlce.
Sowing Machines of all kinds repaired,
All kinds of Light Machinery repaired
on Short Notice.
N.B. Good Workmanship and Charges
121 Strictly Moderate. ly
Ouee More to tlie ITi-ont.
-A.. rx j&aj&jexjel.
Having rcturnul to the
Islands, will undertake
to break Horses, either
to saddle or Harness,
cheaper than any other
man in the Kingdom, and guarantee
Sick and Lame Horses,
Will receive special nttcntion, and the
best of Medicine and care provided.
All orders to be left at residence, next
John Robello's, Kapalama. D9 Om
Pioneer St'm Candy Factory & Bakery
Manufactures all and every article in
Confectionery and Pastry and Bread
Bakery from the best anil purest mate
rials, guaranteed frco from all
Hasalways on hand nil sizes of his Rich
and Unsurpassed Quality of
Enjoying a rich lcputnlion of many
years, and are ornamented in any
style desired, mid arc sold at the
Lowest Possible Prices
Unequalled facilities and steam enables
me to sell all articles manufactured at
my Establishment Cheaper than any
other in this Line of Business. Vanilla,
Chocolate, Cocoauut, hand made and
Mould Creams of till flavors at CO cents
RICH PUFF CREAM CAKES,
at 5 cents each. Mince and Fruit
Pies always on hand.
Pure and Wholesome Bread !
Vienna Rolls, Family & Graham Bread,
delivered to any part of the bity. The
largest and most various Stock of Con.
feciionery can be found at
Stoam Candy Factory and Bakery.
No. 71 Hotel St., between Nuuanu and
P. O. Box No. 75. Tclephono'No. 74.
READING ROOM ASSOCIATION.
'TUHs INSTITUTION is located on
X tho corner of Hotel and Alakea
streets, directly opposite the building of
the Y. M. O. A., and is opon every day
and evening, Sundays included.
The Reading Room is supplied with
all the local journals, as well as nearly
llfty of the leadiug foreign papers and
Tho Circulating Library consist of
over S),000 volumes, and is cnnstnutly
The Kefcrcnco Library contains a
valuable lino of cyclopcdine, diction,
arles, and works of a similar cliniactcr.
A handsome parlor is provided for
conversation and games.
The Circulating Department is closed
Terms of membership : Signing the
roll and paying llio regular dues, fifty
cents a month, quarterly in advance.
Strangers from foreign conntries and
visitors from other islands nro welcome
to tho rooms at all times, hut as tho
Association has no other regular means
of support except the dues of members,
it is expected that residents of Honolulu
who desiro to avail themselves of its
privileges, and all who feel an interest
in maintaining an institution of this
kind in our community, will join tho
Association and pay tho regular dues.
S. B. DOLE President
M. M. SCOTT Vice-President
II. A. PARMELEE Secretary
A. L. SMITH Treasurer
O, T. RODGERS'M. D., Chairman Hall
nnu Mbrnry committee, n w
M; -gv .
Telephones 210 In both Cos.
LEWIS k GO, GROCERS,
r unil OJ Hotel Street.
NEW GOODS JUST RECEIVED ON ICE:
Kiblcrn Shad, Floundors.Itock Cod, Smells. Grain, Eistcrn Oyster., Cain Fresh
Roll Butter, Cauliflower, Red Ciibbatrcs, Bunker Club House Siitfugcs,
Mallard Ducks, Peaches, Pears, Pltiins.'Grapcs, ifcc,, &c.
Howe Radish, Roota and Celery, Swlas Cheese, Orcnui Cheese, Edam Cheese,
German Smoked Sausages, Gormnn Pickles In ICcgs, Hollind Herrings in
. Kegs, Kits Salmon Bellies, Kits Mackerel,
jVikI u Complete Ijiiio oi irnne.y & Staple GroecWcH,
Al-wtxyw on 1-Iuutl.
Goods delivered lo Waikikl, Tuesdays and Fi Idnys. Goods delivered to all parU
of tho Town.
J01 ITT, 1. 8 Kaalniai Street
Granite, Iron and Tin Ware
Chandeliers, Lamps and Lanterns,
WATER PIPE and RUBBER HOSE,
House Keeping Goods,
PLUMBING, TOT, 0OPPEE, AMD
903 SHEET IRON WORK.
"v. , rriTnfr'Tff.J.ii.irii,
JCii iirNt-cliifssw manner ;nitl irices to Nuifc llic timcH.
70 King St., adjoining Geo. W. Lincoln, Contractor & Builder.
Frank Gertz, 103 Fort Street
Has received by lato steamers a splendid lino of
BOOTS, SHOES AND SLIPPERS,
For Ladies, Gentlemen and Children.
gCg DDoii't Pass
Every Description of Jl Prints
Executed with neatness mid dispatch,
Daily Bulletin Steam Printing Office,
Bills of Lading
Envelopes tBWMjSMM. T
f. ffliHniF V-V'ii?V
Hand buib 'Mmmz$n&. WfX''W
P. O. Box 297
rjMIE UNDERStQNEI) is prepared
X lo furnhli IioiifcIioUI servants,
collect hills, and do Anglo-Chlncpc in.
tcrprctlng and a geneial agency busi
ness. Charges moderate.
SOYONG, WA Nuuanu St.
utuul Tcjephonu U70. " 113 dm .
E. E,. RYAN,
Boats Built and Repaired to Order,
All Kind! of Blunt Mntciinl.
Tiniberp, Knew, Htcma, Keels. Alio, 1
Decked Suif Boat, 1 L'irgc Twelve-Ton
Scow, 1 Vuur.Oaicd Hocu Boal, !i Small
Skiirs, 1 Twelvc.Ton Sloop in peifeol
order, with sails, anchors nnd clialns
complete. For salo cheap lor cnh
Kilauea street, llonolulii. 10T ly
J. A. Mackenzie,
Having opened u ihup on
(opposite Ihe Church), is prepaicd to
execute all orders lor
Plumbing, Gas and Stonm
Ami general work in his line. All
orders promptly attended to, and chin gus
strictly moderate. IA ly
u a r-ua w vu balo
Ship Carpenter and Boat Builder.
AS on hand and for sale various.
sized surf boats, constructed on
an improved principle of my own in.
vention, each frame being of one piece
across tho keel. Tho frames arc closei
together, and the boats are therefoie
lighter and les liable to blle;c in, limn
boats of any other build. "Each side
plank and gunwale is iu one piece from
stem to fctcni, and is consequently not
linblo to strain, thero being no midship
butts. The material nnd woikmnusbip
aic warinuted to be of the best quality.
Jlr. Kobeit Lowers, of Lowers &
Cooke, will attend to the sale of lliesc
boats, and dispose of them at San Fran,
cisco piiccs. 05 ly
G. .T. "WAALER, Proprietor.
Choicest Meats from Finest Herds.
Families and Shipping
SUPPLIED ON SHORT NOTICE
"Lowest Mavliet Prices.
All meats delivered from this Market
arc thoroughly chilled immediately after
killing by means of a Bcll-Coleinan Pa
tent Dry Air Refrigerator. Meat so
treated retains all Its juicy properties,
aud is GUAllANTEED TO KEEP LoNQKU
AFTEll DCLIVEKY THAN FllKSHI.Y-KILI.-
ed Meat. 74 ly
THE undersigned, a Committee of Di
rectors ot the Equitable Life As
surance Society of tho United States,
appointed to formulate the views of the
Board on the advantages offered by the
Society to the public, report:
1st The Society ifsues all the appiov.
cd forms of assurance, including Ordl.
naiy Life, Ei dowment and Tontine po
licies. It is immaterial to tho Directors
which form of policy is taken ly in
2d The Life and Endowment foims
of policy provide for annual cash divi
donds nnd a sui render value; arc indis
putable after three years and payable
immediately after proof of death, "
3d -The premiums on a Tontine po
licy are tho same as on tho Ordinary
Lite, but, while the latter is only pay.
able in tho event of death, the holder of
the Toatinc policy lias the right to draw
the v,holeof theiescrve and the accu.
mulatcd profits m cash at the end of a
stated period; thus, during his own life,
time, after his producing years aie past,
he can, without any larger premium
than oa an ordinary policy, tccuie Iheto
4tli Experience shows that tho uturn
paid in cash on maturing Tontine po
licies approximates to or exceeds the
amount of premiums paid by policy
holders, so that tho average cost of tho
assurance will be only about tho interest
on tho premiums.
Cth Tontine policies, liko others, arc
paid in full in tlio event of death at any
time during tho term of the policy, nnd
aro incontestable after three years, and
payable immediately after due pioof of
Cth Experience shows that thumor.
tallty is lower among Tontino policy,
holders, as tho better lives seek this
kind of assurances, -which is a consider
able source of profit.
7th Tontine policies will be mode
non-forfeitablc under tho laws of the
State, if so desired at the time tho as
buraneo Is ellectcd.
8th The Tontino system is fair and
just; its accounts nro accurately kept,
separate fiom til other business, tho
funds judiciously invested and inipiov.
cd, ami tho accumulated piollis iuith.
fully guarded and propeily appoitioncd.
IHh The Society has since its organi.
zatiou transacted a larger amount of
new business than any other company,
whilo its now business for tho first halt
of ihoprisent year Is 1,700,000 larger
than that of tho first half of 1881. It
lias Assets of $00,000X00; over $14,000,
000 of Surplus, nnd lis lallo of Siiiplus
to Liability is gicater than that of any
ClfAUttCEY M. DEI'KW,
John A. Fti.waut,
William A, Wiikei gck
Ciiaiiles O. Laniw,
Henuy II. Hyde,
Committee of tho Board of Dliectors of
tho Equitablo Life Assurance Society
of the United States.
ALEX. J. CARTWRIGHT,
General Agent for Hawaiian Islands,
Equitablo Life Assurance Society,
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