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mm BY AUTHORITY.
Whereas, by a decision of tliu
Honorable A. Francis J nil J, Chief
Justice of the Supieme Court, tbc
result of the Election for Re iresent
atlvo to the Legislature of 1812, from
the District of Noith Hilo, 1 laud of
Hawaii, has been declared a tie vote
and the seat vacant:
Now therefore, by virtue of the
power vested in me by Law, L do
hereby give notice that a Special
Election for Representative will be
held in the said District of North
Hilo, Island of Hawaii, on WED
NESDAY, the Kith day of Apiil,
18913, between the hours of 8 o'clock
a. ni., and 5 o'clock p. in. :
The Third District of Hawaii
(North Hilo) consists of thai portion
of Hilo and Hamakua, from the Ha
kalau Gulch to the bed of the Kala
pahapuu Gulch in Hamakua, (be
tween Kukamu and Kaiuelic) to in
clude all of Kukaiau.
Fiist I'recinot From Ilakalau
Gulch to tbc Hamakua side of Lau
Polling Place Court House Lau
pahoehoe. Inspectors E. W. Barnard,
D. K. Makuakane,
Specially appointed for Election
Day Hen. 15. Maoy,
1$. YV. Kahaleohu.
Second Precinct From Laupahoe
boe Gulch to Kulapapuu Gulch.
Polling Place Kaala Church.
Inspectors George F. Renlon,
Specially appointed for Election
C. N. SPENCER,
Minister of the Interior.
Interior Office, March 12, 1892.
J3G8 31-11 4t
NOTICE TO MARINERS.
Duiing the process of deepening the
channel at the entrance to Honolulu
harbor the Dredger will be m opera
tion night and clay. At nij.lit there
will be a danger signal placed on the
forward donick of Dredger about 30
feet aboe sea level, whiulic.ni bo teen
by all vessels approaching the harbor.
The signal consists lied Red
of tbiee red lights
and a white light
as in the diagram,
the red lights being
about 3 feet apart
with the while light
in the center.
All steamers ciosbing the bar will
stop at a safe distance from the Dred
ger and give one blast of then whistle
which will bo answeied by a single
blabt fiom the Dredger, to be fol
lowed by tlnee blast from the Dredg
er when the pas,-.ago is eleai and they
The Tug will be on hand when not
otherwise engaged to assiit sailing craft
in passing the Diedgur when neces
s.uy. C.N. SPENCER,
Minister of the Inteiior.
Interior Ollice, March !), 1892.
Honolulu, H. 1., Dec. 2, 1891.
Holders of water privileges, or those
paying water rates, are hoioby noti
fied that the hours for using water for
irrigation purposes aie from 15 to 8
o'clock a. -M., anil 4 to 0 o'clock i si.
until further notice.
JOHN C. WHITE,
sjupt. Honolulu ater Works.
0. N. Sl'KNCKH,
Minister of the Inteiior.
Mr. John Slupplebeen has thin day
been commissioned as Inspector of
Kerosene Oil for the Collection Dis
trict of Hilo,
Ji. A. WIDEMANN,
Minister of Finance.
Financo Depaitniont, March 8, '92.
II. Lose, Eq., has litis day been up
pointed Notaiy Public for the First
Judicial Circuit of the Kingdom.
0. N. SPENCER,
Minister of the Interior.
Interior OlIico.Mar. 1J, 1892
Theie is no danger fiom whooping
cough when Chamberlain's Cough
Remedy is freely given. It liquefies
the tough, tenacious mucus and aids
in its expectoration It also lessens
the severity and frequency of the
paroxysms of coughing, and insures
a speedy recovery There is not the
least danger in giving it to children
or babies, as it contains no injurious
substance. 50 cent bottles for sale
by all dealers. Hanson, Smith &
Co., Agents. i
Plriivrd to nnthrr Serf nm JPartyt
Hut rtta&Hshfd for the brnrnt of all
SATURDAY, MARCH 12, 1892.
The slgu3 in tlic United Slates are
that the only chance for Democratic
success m the presidential election
will be the nomination of Cleveland.
Hill, who seems to have the most
power as a mere politician in wot king
for the nomination, would almost cer
tainly be the easiest possible candi
date for the Republicans to snow
under except in the State of New
San Francisco after years of heart
burning dispute had a postoillce site
selected for her some months ago.
Her citizens have not yet become re
conciled to the selection, and will
probably not be for the present gen
eration. The delay in finishing the
volcano road, or the building of the
central lire station, or any other de
sired public improvement, in this
kingdom is a trilling matter at the
worst compared with what the San
Franciscans have had to enduie in
regard to their long-promised and
urgently required new postollice.
CENTRAL FIRE STATION.
It docs not seem a wise suggestion
which the Fire Department is now
working on, to have a temporary build
ing put up for a central station. If
there is any chance of having a dur
able building, of an architectural
design that would be a credit to the
city, within the next period or even
the one after it, a temporary struc
ture now would only be a waste of
money. The chances are that if a
temporary concern be stuck up its
existence would only serve as an ex
cuse for indefinitely postponing the
erection of such a station as the De
partment deserves. For all that the
firemen do for the preservation of
property, not only without pay but
at a heavy cost to themselves, the
pioperty owners and the insurance
companies themselves should see that
another year does not elapse without
justice being done to the Department
in the matter of headquarters.
It Is to be hoped that the question
put comprehensively before the sugar
planters of this country in Mr. Ole
son's paper will nol tie allowed to
icst indefinitely withoul discussion.
"Cane planting by the lease-hold
sj-stem" is put forward as a distinct
solution of some of the most perplex
ing problems that confront this coun
try. It meets the Asiatic question
with an alternative to the periodical
importation of thousands of rude
Asiatics, alien in almost every res
pect to the civilization here estab
lished and incapable of being grafted
into our political system. It proffers
hope of an end coming to the con
tract labor system, which, if allowed
to lie a necessary evil, is none the
less a reproach to the country in the
house of its best friends. It pro
mises a distinct and long forward
advance in the cause of the elevation
of labor, as Hie men who till the soil
in the pioposed system would be
lords also of the soil. There is no
great risk involved in the scheme for
the present holders of sugar estates.
What they would be requited to pay
as advances to enable the lessees to
cultivate their holdings would other
wise have to go as wages to a horde
of set vile laborers. There might be
some considerable initial expense in
volved in the provision of suitable
houses for the lease-holders, but
with a stipulation that these should
keep the houses in a good state of
repair, for a stated period, pciliaps
even in this respect the system would
in the long run be more economical
than the piesent one witli its ramb
ling bin racks for housing rough and
reckless creatines of barbarism. The
grand thought which .should allay a
host of objections, and compel ut
least trials on a small scale upon
sugar estates, is that under the
lease-hold system there should bo a
vast increase of population in an cle
ment that would be valuable build
ing material for the body politic,
and, with the corollary of free
schools behind it, would fruntify and
enlarge every institution of civiliza
tion. THOSE BEACH LO S.
The Aqua Murine lots six of them
on the beach beyond Kapiolani paik
will he sold at unction by .as. V.
.Morgan at noon Monday, ut his
salesroom, Some acquisitive eyes
aie riveted on these lots mid there is
bound lu be an interesting contest
for them under the hurainei. It is
the last chance to get a site for a
seaside lodge in that peerless locality.
Dklioioijs coiiee and chocolate will
bo served evoiy morning early at tho
Palace lee Oieum Parlors, Liuhvigseu,
& Cron, Hotel street. i-U
THOSE PESKY RETURNS.
Another t'ntittiilntr Ill-ought to the,
Ithutbolt fur Fnllnro to Iteturii Kx-
John Pop, an unsuccessful candi
date for Representative in tho Fourth
District, was arraigned in the Police
Court this morning to answer to the
charge of failing to sund in a sworn ,
statement, oi election expenses 10 ino
Minister of Interior. Poo pleaded
not guilty, giving as his reason that
directly after the day of election he
was attacked by a pain in the head,
which increased until he was fo help
less that he could hardly do anything
.This pain continued to rack his brain
until he was arrested, when he pre
pared a statement -and took it to the
Minister of Interior. The Minister
refused to take the document because
Poe had been arrested. J. L. Kaulu
kou, another unsuccessful candidate
in the late election, appeared for de
fendant. Counsel while arguing in
the defense said that it was unconsti
tutional to have to make a sworn
statement to the Minister of Interior
if a candidate was unsuccessful. At
this juncture Police Court Prosecutor
Gardner K. Wilder asked Kaulukou
if he had made his returns. To
which Kaulukou answered, "Never
mind ; if you want to find out have
John Poe was found guilty nnd
sentenced to pay a line of $100 and
costs, His Honor holding that in bis
interpretation of the law nothing but
death wilt exempt a man from filing
a sworn statement of his election ex
penses. J. L. Kaulukou noted au
appeal to the Supreme Court and a
The following interesting program
will be rendered at the concert at
Kawaiabao Church this evening:
1. Overture. . . "Ciown of Gold."
Royal Hawaiian Orchestra.
(a) "Hark to the Rolling Drum."
(b) "Slumber Song."
3. Violin Solo . . . Handel's Largo.
4. Solo and Choi us "Mikioi."
Royal Hawaiian Orchestra.
."). l'oetn.H. M. Queen Liliuokalani,
0. Solo "The Palms."
Miss M. Cummins.
(a) "He Pule."
(b) "Maikai Waipio."
8. Selection "The Cricket."
Royal Hawaiian Orchestra.
9. Solo "Queen of the Earth."
Miss F. Nolle.
10. Duet and Choi us:
in) "Ke Aloha i ka Lau o ka Ilima."
(b) ''Queen Liliuokalani."
Kawaiabao Church Choir.
11. Patrol "Egyptian Midnight
Royal Hawaiian Orchestra.
12. Solo "Rejoice Greatly."
13. Violin Solo . . ."Polish Dance."
U. Chorus "A Cannibal Idyll."
Kameliameba Glee Club.
Siinmjkn relieved at once by Cu
cumber Tonic. Benson, Smith fc Co.,
" I inherit some tendency to Dys
pepsia from my mother. I suffered
two years in this way ; consulted a
number of doctors. They did me
no good. I then used
Relieved in your August Flower
and it was just two
days when I felt great relief. I soon
got so that I could sleep and eat, and
I felt that I was well. That was
three years ago, and I am still first
class. I am never
Two Days. without a bottle, and
if I feel constipated
the least particle a dose or two of
August Flower does the work. The
beauty of the medicine is, that you
can stop the use of it without any bad
effects on the system.
Constipation While I was sick I
f e 1 1 everything it
seemed to me a man could feel. I
was of all men most miserable. I can
say, in conclusion, that I believe
August Flower will cure anyone of
indigestion, if taken
Life ofMlsery with judgment. A.
M Weed, 22oBelle
fontaiueSt,, Indianapolis, Ind." d
Auction Sales by Lewis J. Levey.
On MONDAY, March Mtli,
A.T II! NOON,
I will sell at Public Auction, at my
Halcsinoins, for account of whom It
M. P. & CO.
No, 38-13 NKSTS THUNKS,
No. :s!)-2 NKHTri TJtUNKS,
No. 41 -1 STEAMKIt THUNK,
Us. ASbOKTKD TOILET .S0.U
Damaged on voyage of impoitation ox
bnijiio''K(lwiiid May" from Boston.
Terms Cash in U. S. Qojd Coin.
;IU7 it Auctioneer.
For Mouldings, Frames
Pastels, Artotyiiea, 'Photo
gruvnrov, lilcliings and
everything in the line of
pictures, go to King Bros.,
Auction Sales by James F, Morgan,
Aqua-Marine fall Lots!
On MONDAY, March lKli,
AT 13 O'CLOCK NOON,
At mv Salesroom, Queen sticot, I will
sell at Public Auction,
SIX BE ai)H LOTS
Boyoml lCniiloliml Earlc.
These Lots, varying fiom one-half
to seven-tenths of an aeie, nro ad
vantageously situated, being just beyond
the l'ark, and lying between the Dia
mond Head road iiiiil the sea. Govern
ment water Is laid on along the front of
these Lots oil the load. The beach Is of
soft white sand, anil the reef is famous
for delicious fish of varum kinds, which
The title 'is fee simple, and terms are
cash, or one-half cash and the balance
on mortgage at 8 pel cent for one or two
years. Deeds at the expenso of pur-
t&f A chart of the Lots Is on exhibi
tion at my Salesroom.
figy- These Lots arc inirkcil by
corner stakes, giving the iiiunbcis.
J VS. F. MORGAN,
351 17t Auctioneer.
On WEDNESDAY, Mar. 10,
AT 10 O'CLOCK A. .11..
At the Residence of Mr. 0 Benson, No.
a I Berct'Uila street near Niiunnu, I will
sell at Public Auction, the Household
Velvet DiioM Louei,
Easy Chairs. Rockers
Large C.irpet. Rugs,
Hanging Lamps, Cm tains,
B. W. Marbletop Bedroom Set,
Pine Iicdiooni Sets,
I Wiiitliiop Stove, Ktc, F.le.
JAS. F. MORGAN,
305 Ct Auetioiieer.
SALE OF THE
Union Iron Works Property
AT PUBLIC AUCTION.
By orderof A. .1. Cartwright, W. F.
Allen and W. O. Smith, Receivers of
the Union Iron Works Company, and
Triihtees, under two curtain Deeds of
Ti list of Haiti Company dated re.-pect-ively
the 2i)th d.iv of December, A.
D. 1890, and the '.lib day of Octrber,
A. D. 1891, and iceorded in the Regis
try of Deeds in t-.iul Honolulu, in
Book 132 on pages- 21 to 24, nnd in
Book 131 on pages :)H2 to 3:57, I will
bell at Public Auction
On SATURDAY, March 1J),
AT IS O'CLOCK XOO.V.
At my Salesioom, in Queen stieet,
Honolulu, II. I.,
All of the Properly of the Union lion
Works Company now in the port's
siou of the said Receiveis and Trus
tees, including its
Plant, Stock, Merchandise and
But excepting its contracts, accounts,
and chosen in action, being, except nw
above mentioned, all of the 1'ropeity
granted to taiil Tuistees by said
Deeds of Tiusl.
The said Piopeity will bo offered
for sale at the ups-ot pneo of $13,500.
An inventory of the Pioperty is
open for inspection al my said sales
room. JAS. P. MORGAN,
By Older of Mit. SI. HYMAN L will
sell at Public Auction, at my
Salesioom, Queen stieet,
On SATURDAY, March 2,
AT ii4 IIIII.UCK NOOV.
His Fine Residence
On JCii(x Stvoiil.
The Lot lias a troutago of 1.1-'. f feet on
Kinjj Htreet, 1i2.fl feot on You ni stieet,
and Is 2!K).;l feet deep.
The Iloute Is one of the Best fiuilt,
.Most Convenient and Handsomest BeM
denees hi the city, and contains Largo
Pallor, 6 I'l'ilroom's Bath, Dinlngrooiu,
Pantry, Kitchen, mo. Tlieio are Large
Verandas on tliir-o Mde of the limine.
Theie is also u Large Attle which can
leadlly he divided into rooms.
A Large Uottago at the rcir contains
Hervaul'E Qiiaileifl, Laundry, Until, Stable-
and Cairiagu Boom.
The O rounds are planted with Fruit
Ticoa and Oiimuientid Shnibbo'y, Tho
Walks thiouglioiit sue well-built, ensur
ing ec;infuit during wet woather.
Tlis offers an hiiu,8iiii1 opportunity to
pincliti'!io llaiidnoiiiestuiiu Moil Con
venient Ilesldeiicu in Honolulu.
HSr Foi TKU.MH OF SAL: am) fur
ther pai Honiara apply to'
JAS. F. MOUGVIV,
301 lOt Auctioneer.
THE MUTUAL LIFE INSURANCE 00.
1UOIIAUO A. McUUKIIY,
Issues Every Desirable Form of Policy !
It has paid it9 members sinco its organization THREE HUNDRED AND FOUR MILLIONS OF DOIJ ARS.
Its New Distribution Poiioy is the most liberal ever offered by any Insurance Company.
KT For full particulars apply to
P5. J. KOS!':,
'91 General Agent for tho Hawaiian Islands.
March 17, 1892
PR0 3RAMMt-rVRT .
Yaelit Hilt cow.
1 YACHT RACK 1st Ci.aks. !
Couusi:: Staitlmr fiom a liue diawn
in extension of the Pearl City wharf,
down the main ehiiiiu 1. to the mouth of
the htubor, near the uef. tnUing mound
the stake boat: thence m the main chan
nel to the Iloiiouliiili Liicli, up the Hono- j
uliiill Loch to and lacking around a stake '
boat at the bead of thi Loch opposite'
Koblnsoii's landing; thence out of the
Hoiiouliuli Loch up the ni.iin channel,
passing between Kords Island and the
Maiiana Peninsula, to the windwaid of
rui u s isiiiuu, iiieiicu now u me ciianiiei
lying east of Ford's It land making a cir
cuit of Fold's Island; thence to the
point of commencement.
2 YACHT RACE 2d Claks.
COL'ltsE: Staiting from a line drawn
in exteusion of the Pcail City whaif,
down tin main channel, to the mouth of
the harbor, near the reef, tacking around
the stake boat; thence tip the main chan
nel, pas-hip; between iuinl'H Island and
the Mamma Peninsula, to the windwaid
of Fold's Island; thence down the chan
nel lvlng East of Foul's Island nuking
the circuit of Fold's Island; thence to
the point of commencement.
3 YACHT RACE 3d Claks. For
Open Boats under 18 feet length,
lbt Prize, 20; 2d Prio, $10.
Coukse: From stinting point, same
as in Races 1 and 2, to windward of
Foul's Is'and, making clicuit of said
Island, thence to point of commence
ment. Yachts will assemble off the foot of
I.chua Axeuue in I'earl City I'eiiinsul.i
atn a. ji.
A pieparatory gun will he tired on the
Judge's boat al 'J:HO a. m. '1 lie stalling
gun will lie Hied at 10 a. ji. shop.
The stait will be a llying one; the
time of each yacht being taken as shu
cioes tho line, but no yacht shall be
allowed moie than ten minutes within
which to stait a'ter the signal to stait
has been given.
Time allowance one minute to the ton
for '2d Clas-i Yaehu. 1st Class Yachts
as per schedule.
Each yacht must c irry ntlier inaiutop
mast head, a distinguishing 11 ig of a
suitable sle, which must not be hauled
down mile? she gives up the race
Eacli yacht shall carry dining the r:i"o
no moie than the usual anchois and
chains, which must not be ied as ship
ping ballast or lor altering the tlim of
the yacht No bags ot shoe slnll be on
boiiid and all ballast shall be piopcrly
stowed nude) the platfoims or in lookers
and shall not lie shipped or trimmed in
any way whatever dining the lace.
No le.stiiction as to inutility of sail.
4 SIX-OARED BOATS Smdino
Couusk: St.utlug fiom a lino di.iwu
lu extension of the 1'eul rity wharf, to
and lonnd a stake boat at the head of
Waipio Loch, thence to the nomt of
fi FOUR-OARED BOATS Si.idino
Couitbi:: .Siiiiiu ii8 In Race No. .1.
0 SIX-OARED BOA I'M Sta-iion-aiiy
Skats. 1st Pnu, .20; 2d
OouitSF. : Same as in Races 4 and fi;
coulee to bo pulled over twice.
N. TL The Regatta Raecs will bo
under the rules adopted by the Hawaiian
Rowing & Yachting Association; copies
of which can bo obtained fiom W, G.
In all races, two or moro boats must
stait to make a race.
The lowing iaee will lake place at 1
o'clock v, ji. Mnup.
Tho signal gnu will be Hied from the
Judge's stand at l'J::iO o'clock
Signal for the competing boats to as
semble at the stalling line will be the
firing of a gun 10 minutes befoio the
stait of eacl) race.
,Firi)(ji:s: (J. WIImiii, W. .M
Olftird, dipt. J. A. King
Ti.Mi:iu:i:i'i:iij-Jos. Ilulmsh, W, F.
ttit" List of entiles will bo open at the
ollleii of the SiJi'WtivrKNimNr ol the
Oaiui Railway A; Lank Uo until id
o'clock noon, Maicli 13, 1H12..
PriZ'is for III? above Itacci art now on Exhi
bition at the PACIFIC HH0WAflE
CO.'S STOn?. Fort Street.
TRAINS will leave Honolulu for Peail
Haiborat7:.lu, u 10, 11, 12 a. m
and I, z, 3,4 and litlO i. m.
RETURNINp Will Jeavp Peail (Rubor
for Jlouoliilu EVERY IIQUR.
Popular Rates of Faro:
""" ' illliP, WW" . to
CORSETS ! CORSETS !
P. D. CORSETS
Just Recuivud tt Full Line of P. D. CORSETS ut
104 Fort btreet, Honolulu.
IN ALL QUALITIES AND ALL SIZES.
COME AND SEE THE CORSET "WE ARE OFFERING AT
IT CAN'T KE BEAT 1 ) Q Q
SUPT. PIERCE'S REPORT
Gain in Assets during six
Extraots from the "New York
R! fflff Q "P
Insurance Dkiaiitmi:nt ok thk State op Not Yokk, -
Amiany, N. Y., January 10th, 1892.
Pursuant to statute, and by request of the Company's Board of
Trustees, the undersigned, Superintendent of the Insurance Department
ot the Stale of New York, has caused an examination of the conditions and
affairs of the New York Life Insurance Company to be made by the Deputy
Superintendent of this department.
THE COMPANY IS SOLVENT.
The most satisfactory result appearing in this report is the conclusion
reached that this great and useful institution of our State, whose business
interests and relations extend and are being advanced in nearly every State
of our Union and in so many of the civilized countries of the world, and
whose policy-holders therein may be named as legion, is beyond all question
solvent, and is Hie actual owner and possessor of a surplus of available
assets and property exceeding its present liability by thu sum of 8(,0.'J8,
JliO 33 accrued upon its general account, and 8,070,539 SO upon
its Tontine accumulation.
Such a result was one most earnestly desired by this depaitment.
Those interested may be assured that this conclusion is accurate and trust
worth'. This examination was made as of Juno 30th, 1891, and on that date
we find that its assets and liabilities were as follows:
Appiaibcd value of real estate owned bv tho Company, as
per Exhibit 1 ". $ 1:1,225,038 fit)
Loans on bond and mortgage (fust liemi) on real estate,
as per Exhibit 2 20,825,-183 frl
Loans seemed bv pledge of bonds, stocks, ur oilier market
able collaterals, ns per Exhibit 3 3,509,500 00
Pienuiiiii notes, loans, or liens on policies in foice, the ic
sorve on each of such policies being in excess of all
indebiedness thereon as per Exhibit 4 438,808 00
Maikot value of bonds, stocks, and securities owned abso
lutely, .is per Exhibit 5 75,010,94!) 92
Cash in Coinpany'n oliice -. . 1-1,092 06
Cash in bank, except fixed deposits in foreign countries,
included in lloni 0
Interest duo and aeeiued on bonds
(Jiurs piemiums duo and unreported on policies
in force $3,082,577
OiObb defened pioniiunis on policies in force. 1,901,018
Annuity premiums uncollected 157,091
12. Total $5,801,310
13. Deduct 20 per eont loading on abovo gross
14. Net amount of uncollected and deferred premiums 4,013,453 00
Net present value of all the outstanding policies in foreo
on tho 30th day of June 18UI. coiniiuted uccnrdinir to
tho combined experience table
Deduct net value of riskh of this
other solvent companies
Net reinsiiianco reaorvo $10J,00S(10J 00
Claims for matured endowment due and unpaid 39,019 00
Claims for death losses awaiting proofs 990,507 00,
Amounts due and unpaid on annuity claims .-. . . 110,550 81
Liability on account of lapsed policies 138,181 00
I'leniiiiins paid in advance , 79,353 00
Total liabilities on policy-boldeis' account .$100002,014 HI
Oioss surplus on polioy-holdcm' apcoipit 14,708,075 83
Total liabilities i)i26 10,090 Of
Lntiniated surplus, accrued on Tontine or other policies,
tho profits upon which aiu especially reseivec! for that
class of policies 3,070,539 50
Estimated bin plus accrued on all other policies 0,038,130 33
II is with great satisfaction that we are able to report, as shown In the
ubovo statement, that the Company is perfectly solvent.
Signed, JAMES 1 PIERCE, Superintendent.
MICHAEL SHANNON, Deputy Superintendent.
The Now York Insurance Commissioner's Report proves that the NEW YORK LIFE
INSURANCE CO. has a larger Surplus than is claimed by any other purely mutual life
Insurance company in tho woild.
SO. , Oli;R.G3JE-lL,
General Agent lor Ilia Ihwailm l.ldiids,
OF NEW YORK.
f g f IT CAN'T BE BEAT !
T II K
SURPLUS, $14,708,676.83. '
months of nearly $5,000,000.
Times" of January 23d, 1892.
and mortgages. .
of mortality, wiib 4 per
Company reinsured in