Daily Kennebec journal. [microfilm reel], February 12, 1870, Image 3

About Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975

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ILoral anti £tate Nrtos.
A grand bal masque is to come ofT in Rel
fast on the 2hth inst.
The Augusta and Hallowell directories will
tic found on the fourth page.
l’rominent railrond men of the State are in
the city favoring consolidation.
Men are ruined, not by what they want, so
much as by what they think they want.
S. S. Marble, Esq., will on Monday next
enter upon his duties as U. S. Marshal.
Hundreds of cords of wood are annually
used in Maine for the manufacture of spools.
Wendell Phillips will speak in Skowhegan,
next Wednesday evening, on “Street Life in
Europe.”
Another hearing on uniformity of text books
will be held on Tuesday evening before the
Educational Committee.
The Collector of Internal Itevenue is send
ing in his little interesting blanks to be filled
out before the first of March.
Several members of the Legislature went
to Portland yesterday, in acceptance of the
invitation of Capt. Commerell to visit the
Monarch.
The masquerade ball at Skowhegan was a
brilliant affair, reflecting much credit upon
the leaders in the enterprise as well as the
taste and skill of the maskers.
Hon. C. It. Whidden of Calais, will in a
few days tender his resignation as member of
the House, in order to enter upon his duties
as Collector of Customs at Passamaquoddy.
A premium is offered for the most ingenious
device whereby a newspaper can be lent to a
neighborhood of not less than twenty families
without being worn out before its return to the
owner.
Andrew McCausjand, Lsq., Representative
in the last Legislature from F'armingdalc,
dropped dead in his house in Farniingdale on
Wednesday. Heart disease was probably the
cause of his death.
Would it not be proper for the city authori
ties to cause hogsheads to be placed in the
river opposite the city, and kept free of iee,
for use in case a conflagration should occur
and water be wanted?
The reading by Mr. Lambert of Dickens’
Christmas Carol, at the Baptist church on
Thursday evening, was attended by a good
audience. Those in attendance were highly
pleased with the manner in which the reader
represented the dilferent characters in the in
teresting story. Few public readers have
given more general satisfaction to an Augusta
audience.
The big trout figured conspicuously on the
bill of fare at the Mansion House, yesterday
noon. The monster was as sweet and juicy
as a young troutlet. a fine specimen of the
finny productions of the Sandy river country.
We can't help saying here that no public
house in Maine has a better landlord than the
Mansion, or a more attentive and obliging
clerk. They have now a crowded house.
A grave joke was attempted on the legisla
tive temperance committee the other evening
at their meeting. A gentleman appeared be
fore them with a pocket full of bottles con
taining liquors of various kinds and quality,
and invited all the members to help themselves.
Ostensibly the object was to subject the liq
uors to a severe test, but the committee kept
their pledge and wisely refrained from in
dulging.
At the levee given by the Gardiner Band
Thursday evening in Gardiner, a barrel of flour
was given to the soldier's widow receiving the
most votes. Accordingly yesterday afternoon
a deputation of four of the principal citizens
hauling a large sled on which was a barrel of
flour, preceded by the Gardiner Cornet Band,
marched through the streets and finally left
the flour at the house of Mrs. Buck, a very
worthy widow of one of Gardiner’s patriots
who was killed during the late war.
At the Annual Convocation of Jerusalem
R. A. Chapter, held on Thursday, the follow
ing officers were elected :
M. K. H. P, B. F. Warner of Ilallowcll.
E. K, Sam'l. W. Lane of Augusta.
E. S, John W. Rowe “ “
Treas., Hiram Fuller of Ilallowcll.
Secry., F. J. Day “ “
C. H, Geo. P. Haskell of Augusta.
P. S., II. I*. Getchell of Hallowell.
R. A. C, James Atkins, Jr. “
M. 3d V, M. M. Stone of Augusta.
M. lid V’, Oliver!!. Quinby. “
M. IstV, J. J. Jones of Hallowell.
S. S, J. D. Hodgdon “
J. S, D. T. Neal of Augusta.
Chaplain, Rev. Caleb Fuller Hallowell.
Sentinel, Ira Cass, “
The officers were duly installed by P. II. P.,
J. W. Toward.
A Pleasant Surprise.
While Mr. Chas. Millikcn and Indy were
absent from home last evening, taking ten
with their pastor, Rev. C. 11. Moor, their
house was entered hy a very large party of
persons, who proceeded to take possession of
the premises, and do very much with things
as though they owned them. At 8 o’clock
Mr. and Mrs. Millikan arrived home. They
had no sooner laid off their outside garments
than they were seised by several persons, and
marched into the parlor, where a crowd of
smiling faces met their gaze, and belore them
in tffc centre of the room upon a table stood
an elegant tea service of silver, all complete,
from one of the best dealers in Boston. Mrs.
C. R. Moor then proceeded to address the
captives, in touching and appropriate verse,
that reached the hearts of the hearers, and
finally, to present Mrs. Milliken this beauti
ful set of silver in the name of the Ladies'
Aid Society of Winthrop Street Uni^ersalist
Church. Mr. Homan of the Maine Farmer,
handsomely responded forthe recipient, whoso
heart seemed to be too full for utterance. It
is only necessary to add that Mrs. Milliken is
the splendid soprano singer in the Universal
ist choir, who gives her excellent service
without reward and as a labor of love
for the cause, and this present and surprise
were given as an expression of apprecia
tion of her talents and generous use of
it. After the presentation it was found tha1
the tables were supplied with refreshments by
the same mysterious hands which had brought
the silver. These were deposed of and with
music and dancing the pleasant gathering was
continued several hours.
I
HEARING ON INSURANCE.
The hearing before the Committee on Mer
cantile Affairs and Insurance, was continued
yesterday afternoon.
Mr. Andrkw J. Chask, one of the Com
mittee from Portland, continued his remarks
of Thursday, showing by figures and quota
tions the unsoundness of the position of the
Examiner of Maine in reguard to the neces
sary reserve which each Life Insurance Com
pany must have to meet its future liabilities.
It is this reserve which the Examiner attacks
because he considers it too high, aud which
he virtually proposes to reduce by taxation.
No Life Insurance Company can do business
in Massachusetts unless it has assets enough
which will, at four per cent, interest, accord
ing to the combined experience tables of mor
tality, meet all future liabilities, ns fast as
they mature.
As security is the paramount consideration,
a high rate of mortality and low rate of in
terest has been taken in the establishment of
, this reserve, but from year to year as the
t companies find from actual experience the
■ rate of mortality realized and interest re
! eeivcd the excess, is returned to the policy
holders in dividends. To return or use in
any way this especial source of profit until it
is actually realized, would sullject the com
panies to the penalty of being expelled from
doing business in every State where there is
an insurance department. This necessity of
securely maintaining this reserve fund was
enforced with much weight by quotations
i from the most eminent actuaries in the coun
try. The spirit of the Examiners report as
, had been before shown was against all insur
i ance interests, and only those points which
! could be construed to advance his ideas of
taxation were laid before the Legislature or
the people. That part of his report relating
to forfeitures and terminated policies is open
I to the criticism of even a novice in the busi
ness of insurance. The Examiner would lead
you to believe that over 82.000 policies had
terminated during the year, on 37,000 of
which nothing liad been returned. Now let us
look at the facts as found in the last Massa
chusetts report, of nil the policies which had
ever been in force about 55.000. terminated
during the year of 1808, on which there was
at rLk $155,000,000. The payments on these
terminated policies was as follows:
Death Claims. $11,475,837
i Cash paid on Lapsed and Sur
rendered Policies, 1,240,000
Premium Notes held as assets,
cancelled on Lapsed and Sur
rendered Policies, 2,572,974
i Total Amounts paid on termi
nated Policies, 15.288,811
1 or nearly 10 per cent, of the amount at ri-k on
; same. The total amount at risk in all the
companies doing business in Massachusetts,
was 81 .AGO,901.0(19. The total amount of re
serve which these companies are required by
law to keep on hand to meet their accruing
liabilities was 8140.290.288, or 9 per cent, of
the amount at risk. This amount as I have
shown, was actually paid on all the policies
terminated, and thus one of the strongest
points by which the Kvamiuer proposes to for
tify his position, is found untenable, for no
such profit or reduction of liability, without
corresponding reduction of assets, has been
made as he would have you believe.
Mr. Chase explained to some length the
reasons of the small percentage of death
claims, which was owing to the fact that
four fifths of all the policies in force had been
taken within the hist six years, ami that it
would take between thirty-three and forty
years for the losses by death to equal the in
, come; after that period the losses would
largely exceed the income. Mr. Chase sup
ported his position from such eminent author
ities as Wright. Sanford, and others.
In regard to taxation. Mr. Chase contrasted
tae unfavorable view taken by the Examiner
as to the prosperity of the Insurance business
for the past year, with the congratulations of
Mr. Barnes of New York, on the same sub
, ject, in a recent report, in wbieh lie states
that these institutions should be fostered and
encouraged by appropriate legislation.
| The Examiner places great reliance upon
the authority of Mr. Barnes, Superintendent
of the New York Insurance Department, and
shall be guided by the conclusion to bis able
consideration of this subject, which was given
I as follows :
“The question on this whole subject must
sooner or later be narrowed down to a single
inquiry,—that of inter-state Justice and Cotn
i itv as between the different States of the
, Union. No system founded on injustice, or
State cupidity, or jealousy, can ever be per
manently forced upon the American people.
We are to constitute one vast consolidated
and homogeneous Republic, not a confeder
acy or congeries of States, always fighting
I each other and the general Government. It
will not long be tolerated by the people of any
State that for the pnrpose of protecting, at
their expense, local anil personal interests of
i^val and competing corporations, the free and
, honorable competition of the citizens and
| companies of other States should be interdict
ed. By giving all Insurance companies a fair
field for business and competition through all
the States of the Union, subject, however, to
the most rigid system of personal inspection
■ and examination, and Aunual Statemens of
their condition and affairs, the rates of pre
' iniuni will lie kept down to the lowest standard
i of safety, and those companies which best
subserve and protect the public interests,
wherever located, will obtain, as they always
j should, the largest and most extensive pat
ronage. State Insurance monopolies will al
ways enhance premiums and lessen security
; in any great conflagration. Whatever may be
thought t of Free Trade, as between foreign
nations, there cannot surely lie any doubt that
Free Trade from the Atlantic to the Pacific
should he the established rule of Legislative
policy throughout the Republic. The miner
of Colorado. Nevada ami California will not
and should not leave his mines of silver and
gold, to organize an Insurance company
where the margin of profit is small, and where
l a score of years is needed to build up an es
! tablishcd and steady business. The regener
ated cotton planter of the Mississippi, the Sea
Islands and the Gulf States, when his broad
acres are blessed with the whiteness of blos
soming beauty, will not leave the wealth and
riches spread out before him with cacti re
turning Spring, for the dark office of the
Underw riter, where only the sacrifice and de
votion of a lifetime, even under favorable
auspices, can obtain a marked success and
prosperity. It is natural, and not to be
deprecated, that tile older States,—where the
avenues to immediate and sudden wealth are
less numerous, ami where capital has been
aeeuimffating for many years, and old com
panies are reaping the fruits of long experi
ence,—should assume a leading position in all
departments of Underwriting. This natural
and neeessary sequence affords no just ground
for jealousy or envy in the younger States, or
for the erection of Chinese walls of seclusion
and non-intercourse. In the fullness of timt,
if other financial schemes do not afford supe
rior inducements, domestic and home Insur
ance catnpanies will be organized to the full
satisfaction of the people in all the States."
If this was sound advice to the Legislature
of New York, it ought to have some weight at
the present time. Mr. Chase claimed that
the rapid increase of Life Insurance, and the
vast accumulation of the life companies had
began to excite the averiec of men unac
quainted witii principles upon whicli this
great structure of benofU'ience wer^ based,
and urged the most careful consideration ol
the member* of the Legislature, before in
creasing the burdens of those who seek pro
tection in these institutions, which have
proved their benefleient character by the dis
tribution up to the present time, of nearly
£55,000.00 to widows and orphan children.
He closed Itis remarks by giving the follow
ing quotation from Mr. Sanford's report t(
. i file Massachusetts Legislature in 1807, show
| ing at the same time the strong contrast w it!
recommendations of men acquainted will
this business, and the Insurance Examiner o
Maine:
“The growth of Life Insurance in this Country,
surprisingly rapid ns it is, is not a false nor an un
natural growth. It rests upon a solid foundation
of truth and reason. It results from ft conviction
which is every day gaining strength, of the incal
culable benefits of the system. No other plan has
been devised by which duty and affection can so
adequately, so securely, and so instantly provide
against tho uncertainty and the irreparable loss of
a productive human life. It only needs that the
merits and beneficent working of tho system should
be more fully understood and appreciated, in order
that life, the most valuable of tho gifts of tho
Creator to man and his dependents, should be se
cured against the hazards of untimely death, as
universally as the prudent insure their material
! possessions against the peril of destruction by the
elements. The mature and enlightened conviction
i of tho public will surely require that any man,
with whoso life Providence and the order of nature
have wrapped up the lives and well-being of others,
should be deemed guilty of inexcusable selfishness
and criminal improvidence, if he fails to invoke for
j their protection the security which this system
offers.
The prevalence of Life Insurance may justly be
regarded as the measure of advancing refinement
and social virtue; aud if it be true that “if any
provide not for his own, and specially for those of
his own house, he hath denied the faith, and is
worse than an infidel," then it is also true that it is
the type and outgrowth of practical Christianity.
Life insurance is in fact a necessity of American
society. Our male population are emphatically a
race of producers. The fortunes of a great major
ity of our families are in the productive brain or
hand of the paternal head. Every such life has a
value,—not merely a inoral value as weighed in
the scale of social affection and family ties,—but a
value which may be measured in money as a pro
ductive capital. It is to replace the loss of such a
resource to tho dependent members of the family
group, that Life Insurance interposes its aid; and
by so doing it confers a benefit not only on the
widow and orphan, but on society at large, by pre
venting their dependence on the charities of the
public, the breaking up of the family relation, and
the destruction of a home. It is also probably
true that more than three-fourths of all the pre
miums received by the companies, are paid by per
sons whose income is hardly more than enough for
the current wants of life, and are thus saved not
only to benefit the insured or his dependents, but to
increase the accumulated and productive capital of
the country. Were it not for the motive ami tho
opportunity which this system furnishes, these sav
ings would practically be lost to the family and to
the public.
No view of the system of Life Insurance is broad
enough which does not regard it ms one of the most
beneficent, not only in its relations to the individ
ual and the family, but also to society and tho
state. Families are the foundation of a well-or
dered society, and the welfare of families is tho
welfare of the state. If the system is not in itself
one of the noblest of public charities, it is some
thing better, because it places its beneficiaries above
the need of public charity. It deserves the foster
ing care of wise and liberal legislation. It should
be freed from all unnecessary burdens. Govern
ment should as soon tax its asylums and hospitals,
as seek to gain a revenue from the deposits which
foresight and affection have set apart for the pro
tection of thousands among the most helpless of its
own citizens. A tax on Life Insurance is nothing
more nor loss than a tax on widows and orphans."
Hun. A. W. Paine, of llangor, Examiner
of Hanks and Insurance, followed Mr. Chase,
defending in the strongest terms the bill rec
ommended by himself, and which imposes a
tax of two per cent, on all premiums paid for
eign companies. He said two questions pre
sented themselves : 1st,—shall w.e have this
Department of Insurance which this bill es
tablishes? He felt that there was a great
unanimity of opinion in favor of such a de
partment claiming that his opponents substan
tially yielded this point. The 2d question
presenting itself w;y : w hether the bills now
before the Committee are of the proper char
acter. He stated that the bill drawn up by
himself cost him an immense amount of in
vestigation, research and labor: that he had
essayed to make the bill, in all its provisions,
as perfect as thought and labor could make it,
and that it is what is demanded. The other
bill which had been placed before the com
mittee—and which for distinction he termed
the Portland hill.—was analyzed by Mr.
Paine,—and the distinction between the two
bills defined. He said the Portland bill ex
cludes the proposed tax ; also practically all
connection of agents with the insurance de
partment. and substantially all jurisdiction
j over foreign marine companies. He saw
l some good features in the Portland bill, cs
1 pecially section 8, and part of sectiun 9; other
portions of the bill are identical with that
presented by him. He liked the provision in
the Portland bill prohibiting mutual compan
ies doing business before they have secured
risks to the amount of $100,000. The provi
sion requiring the companies to advertise their
business under the sanction of the law he dis
approved of as unw ise, and w ould rather rely
on the annual Keport of the Examiner, which
would give tile standing and agents of all com
panies authorized to do business in the State
! and which at little expense might be general
ly supplied to every town or school district.
That the “Fox law," so called, is unjust in
some of its provisions, and lie therefore
sought its repeal in Ids bill and a new provi
sion in its place. The Portland till keeps
| alive this “odious” provision. He objected
| to the retaliatory provision suggested by Mr.
; Williams of Augusta, for reasons given in his
last annual report.
Mr. l ame proceeded to speak ot tne tax
clause in his bill, and remarked that if he be
lieved it would have the effect of driving in
surance companies from the State he would
sooner part with his right arm than recom
mend it. He spoke of the absolute neces
sity of retaining the foreign insurance busi
ness in the State, and read from his first an
nual report, his argument in favor thereof.
The companies should pay a tax to aid in
support of the government,—like all other
branches of business; like them the insurance
business is engaged in from money-making
motives, and for the mutual benefit of both
parties. Indeed, said he, even more joy is
caused to the agent and company in receiving
the premium, than to the insured for his poli
cy, coupled as it is with life-long obligation
1 to pay a continually accruing debt or prem
ium. In this respect it does not differ from
any other kind of business, and is in hardly
any respect more hazardous. Is the general
business of insurance profitable? he asked.
The business is immense in amount, and
everywhere exhibits an outward show of
prosperity and even extravagance, lie read
from the reports of the insurance depart
ments of Massachusetts and New York, show
ing the great margin of profits over expenses,
and premiums over losses, as compiled in bis
second annual report. Of the. $1(17.000,U0O
given by Mr. Munger of Portland, as disburse
ments of the companies for the last four years,
he showed that only $100,000,000 went for
losses, while $17,000,000 were paid for divi
dends, and the balance went mainly for sal
aries of officers and commissions to agents,
all of which he held ts l>e as justly tile objects
of taxation ns the results of labor or any
ordinary' business which afi'ords a liveli
hood. These dividends were made on a capi
tal of about $70,000,000. He said if the in
surance business merely paid its own expenses
ami no profits, it might as well pay a tax as
other business of like results. The tact ot
loss, he held, should not excuse the loser
from paying a just hoard hill. Speaking of
the alleged loss in this State of more money
than the companies have received, Mr. Paine
said it was no argument against the tax, even
if the allegation was true. He said if his
pocket-book should he stolen from him at tiie
State House, it would nut he an argument
against paying his board hill at the Augusta
House. The landlord would not see the
point. He then presented the li»ts of divi
dends declared during the last few years and
the price of stocks, showing the average divi
dends*^ be from 10 to 40 per cent, a year, as
stated in his remarks before the committee
last week. That the business is profitable in
Maine he sought to show Maine to be a sale
insurance field—one of the best, il not tbe
very best—in tbe Union. In proof of this bo
cited statistics given in his last report, show
ing tbe total premiums received to l>e
273.45, and total losses paid $475,844.45.
As to the alleged heavy losses in this State,
i as stated by Mr. Munger oil Wednesday, Mr.
I' Paine said the figures were unreliable, as
1 companies have nut been accustomed to keep
separate account* with the varion* States
until recently. Mr. Paine claimed that
the heavy loss to companies by the great
fire in Portland in lhfifi, which made up aj
hr'e portion of the figure* presented by Mr.
Munger, should not affect the question of tax
ation for the future, any farther than another
fire of the same magnitude should occur
some time in the future. We should be gov
erned by the great average of ordinary facts
as we are in all other enterprise*. He said
the year 1800 was not only disastrous in this
State, hut equally so throughout the country,
lie spoke of the fact that other States tax in
surance business, and asked, Why should not
Maine? In life insurance, the same general
features as characterize fire and marine busi
ness, were insisted upon tty the speaker, only
it is more profitable. He alluded to the vast
accumulations already heaped up, and in
creasing with great rapidity, in many cases to
a much larger extent than a safe and sufficient
reserve renders necessary. He contended
that the fact of lapsed and surrendered poli
cies. which in a grant! total amounts to more
than ‘JO per cent, of all the policies taken, is
an element which should be taken into con
sideration in determining the premiums
chargeable, and the amount of reserve re
quired by the companies to keep for the safety
of policy-holders.
As it is, he said, this element is not taken
into consideration. How far it should he he
would not undertake to say, and said tie only
alluded to it here so far as it had a bearing ,
on the question of taxation and the ability of j
the companies to pay. He here introduced
much statistical matter to prove the facts
stated. In connection with this subject lie;
alluded to the remark reported as made by
him ill the Journal of Friday, with reference
to tile amount paid agents for commissions on '
life policies. Ills statement was that com
missions usually paid is 15 per cent, on the ]
first premium, and from 1 to 5 per cent, on
renewals, while some companies pay more,
and bogus and irresponsible companies have
been known to pay as high as from 40 to 50 per
cent.
He asserted that the numerous signers of
the remonstrance against liis bill, were in- ,
duccd to place their names upon it through
misrepresentation of the real nature of the
question, and related several instances which
had come to his knowledge of gross mis
representations that had been made to obtain
the signatures, lie did not believe the peo
ple of Maine were opposed to a tax that
would be so reasonable and just. He al
luded w ith some warmth to the recent articles
in the Portland Press, which he characterized
as grossly “scurrilous and untrue,” and
which lie said had been forwarded to members
of the Legislature. These articles, he re
marked, showed the animita and the manner
in which names were secured to the remon
strance against his proposed lull. He said
lie merely alluded to these articles for the
purpose of showing the facts—not that lie
cared for them or riganled them worthy of
serious notice.
The hearing was adjourned until this morn
ing at 8 o’clock.
A CARD.
The Ladies of the First Baptist Society, desire in
this public manner, to extend their thanks to Mr.
\\\ II Lambert for hi» very interesting and artistic
rendering ul' Dickens’ Christmas Carol, on Thurs
day evening. In this expression they are also
heartily joined by all who were present ou the
occasion. Per Order of Committee.
Don't Dve, but use a bottle or two of that in com*
parable article known as Natire’h IIair Restor
ative. It makes the head feel so good. Sold ev
erywhere. See advertisement. f24jan-d&wti
i
fHarrirt.
In Pitt-ton. flth in-t.. ( harles A. Hunt of this city,
to Miss Isabel Pinkham "f Pittston.
In Skowbegan. Benj. M. Bradbury of Madison,
to Mr». Prir-ciiU Doty of Fairfield.
Dirt.
In Skowltegan, loth ult , Mr. Eben Nutter, Esq.,
aged 80 years.
In Madison. 27lh ult . Mary Ann, daughter of the
late Simeon Clough, aged 21 years.
In An«on. 2<ith ult . Wallie Emerson son ot
Stieknev and Ellen L. Graf, aged 3 years 5 months I
17 .lays.
Oysters ! Oysters! Ojsters !
Try Thqm ! 1'ry 'Them !
\\-E receive our Oysters fresh front the ship at
1, Portland anil open them ourselves, and you
gc; them fresh from the shell.
Von will also find at our market a good supply of
Frf«h Fish,
Bt'lflist riams,
Smoked Halibut,
1’iime No. 1 .TIackercl,
aud a general assortment of
Salt and Corned Fish !
Cushing & Holmes,
Near Railroad ISridge, WATER ST.,
fl0feb-3m
HAS ARRIVED!
18 STATE STREET,
Flrat House South of the Angu.ta House,
Augusta, Mt>.
Elite Resident Physician and Surgeon of Hartford,
i t . and for seven years a general practitioner ill
the cities of New York and llrooklytt, has opened
for practice in Augusta, at his otBcc rooms, 1* Slate
street 1st house south of the Augusta House,
where lie may be consulted for a month prior to his
: \ i-it to Hangar and his return to Hartford, Conn.
I DU FARRAR has for many years given exclu
I five attention to CHRONIC or long-standing (lit
; eases. No phvsician lias had greater success in tin*;
treatment of diseases peculiar to women aud ehil
rlr.il
A CARD TO THE LADIES.
Hartford, Ct., Feb. 1, 18
Having for nearly two years been an assistant to i
I>r. Farrar of Hartford, in the treatment of ‘ ilia- j
eases peculiar to women." 1 have had opportunities
of judging, ami can testify to the Doctor’s delicate
1 manner of conducting; his examinations and opera
tions. The poor, as w ell as those of rank and for
tune. were alwavs treated w ith evident sincerity
and honesty of purpose. A more kind, careful and
judicious medical adviser. I never knew.
Mks. lv ( HANOI.Fit WHEELER.
• Ity permission the Doctor refer- to many ot
the leading physicians in the country, anil to scores
of the mo»t prominent citizens of Hartford, New
York. New Haven and vicinity.
N. It Mks. Dir Fvkuak, the Mum \i. Lkc
Ti’RKir to Women, is alw ays in attendance during
office hours for Ladies.
• Office hours lYom 9 to li M . 2 to ,r> 1*. M.. and
for gentlemen from 7 to 9 P. M.
W He makes no charge for consultation.
TSi'ebA w7-lm
Portland and Kennebec R. R. Co.
of
f *\Yf tt». Portland unit Keunetiw Railroad Coin
pany will be held in the
Directors’ Rooms at the Portland Depot
On Monday, February 14,
at half past two o’clock, P. M., for the following pur
poses, viz.:
1st—To choose a Chairman and Secretary.
•Jd—To hear the Reports of the Directors and
Treasurer of said company, and act thereon.
:td—To choose a Board of Directors for the ensu
ing year.
uii—To transact such other busiucss as may prop
crly be acted on.
J. S. CUSHING, Secretary.
Augusta, Feb. 2,1870.
Watervltle Classical Institute.
f|MIF Spring Term will begin FEBRUARY 14th.
1 F ’ -
'or particulars apply to
4 J. If HANSON, Principal.
Waterville, Jan. .11,1870.
tfebl-eodA2wt>
%\r .\NTFD 1— Agents, Ladies or Gentlemen.tr
>> sell the “LIFE OF GEORGE PEABODY ’
t anvasseis will tiiul this the most saleable book
1 ever published in this country. The price is suited
| t<» the times. Now is your opportunity to maki
-i HANKERSON 2 Elm Street, Port
j money. JOHN ]
land, Me.
fiijan-Jw AHw5
BY TELEGRAPH
— TO THE —
Dailv Kennebec Journal.
I By the Western Union Line—Offices (irsnite Bank
Building ami the State House.]
FORTY-FIRST CONGRESS.
Washington, D. C., Feb. 11.
Senate. The morning hour expiring, Pill
abolishing the franking privilege was laid
aside, and Mississippi bill proceeded with as
unfinished business. A long debate followed.
At 4.3.j 1’. M., a message was received
from the House announcing the death of
Representative 1!. I\ Hopkins of Wisconsin.
Remarks were made by Messrs. Carpenter
and Howe, and after adopting the usual reso
lution of respect, the Senate adjourned until
Monday.
House. Davis of New York, moved to
strike out appropriation for reporters for Con
gressional Globe, understanding that the pub
lishing of proceedings of Congress could be
done at the public printing office at 800.000 a
year cheaper than it is done in the Globe of
fice.
Mr. Dawes of Mass., said the Globe ques
tion was up every session, ami yet a new con
tract was made last year, and he was willing
to abide by contract. After further debate
and without disposing of the question, the
committee rose.
Mr. Dawes presented the remonstrance of
Boston A Alton Railroad, against increase of
duty on stock.
Mr. Coburn, of Indianna, offered resolution
calling for information as to aggregate expen
ditures for public and private purposes in the
District of Columbia since the establishment
of the seat of government. Adopted.
At :i o'clock, Mr. Cobb of Mississippi, rose
and announced the death of his late college,
Benj. F. Hopkins, which occurred at Madi
son, Wis., on the 1st of January. After a
brief eulogy of deceased he offered the usual
resolutions of condolence and respect, Kes
olutions agreed to.
Adjourned at 3 :30 I’. M., until to-morrow.
FROM WASHINGTON.
Washington, Feb. 1!.
The Secretary of the Treasury in response
to the resolution of the House of Representa
tives, lias sent a communication to that body
giving information about fur seal fisheries,
together with recommendations ns to the bc.-t
means of preserving them and securing a rev
enue therefrom.
The Secretary says great care i» necessary
for the preservation of seal fisheries; that
animals would either be destroyed or driven
away if the business of capturing them, or
cm n trade in skins at Island were open free
of compensation: and that such cause would
not only be destructive to hu-iuuss but crimi
nal wrong to nations who have a right to their
fisheries, at least to that necessary to their
own support, and to whom the government ot
the United States is bound to furnish protec
tion. If the animals are protected 100,000
skins may be taken each year without dimin
ishing the supply. The proposition to lease
the Islands for a term of years to private par
ties for ail annual rental, he deemed objec
tionable. because it would give them exclusive
control of a branch of industry important to
the people of the United States. If the prepa
ration of skins for use should he transferred
from London to this country, he proposes that
the Treasury Department assume the entire
control ot the business of the Islands, and es
tablish a rigid system of military and naval
police, to exclude everybody but its own ser
vants and agents, and carry on the fur and
seal business with the natives by means of
Treasury agents. The skins so taken be sold
by the government at auction at San Francis
co or New York, and the profits if any, to be
applied to education and religious instruction of
the natives generally, for their physical, intel
lectual and moral improvement. He states
that the expense of maintaining the military
and navy forces under this plan would not be
much greater than at present.
In accordance with the foregoing recom
mendations, he suggests that the Secretary of
the Treasury be authorized to appoint agents
to superintend this business, and that an ap
propriation of 8100.000 be made out of which
the natives shall he paid for labor performed
by them, and other expenses incident to the
business shall be defrayed. In conclusion be
urges immediate legislation as the season for
operations will soon begin.
In consequence of the extensive frauds upon
the revenue from the restoration and use of
stamps cancelled by the ribbon stamp machine
it is ordered and prescribed by the internal
revenue bureau, that on and after May 1,
11<70, all jdhesive stamps used upon the in
struments, documents, writings and papers
mentioned in the schedules of the internal
revenue laws, shall be canceled by the person
offering the same, bv writing upon each and
every stamp in ink, tiie initials of his name,
the date, the year, the month and day upon
which the same is attached or used; or by
cutting and canceling the same with a ma
chine called ••Wheeler’s Patent Canceller,"
or such other machine or instrument as may
be designated and prescribed by the said com
missioner; and that no other method of can
celing such stamps employed on and after
that date shall be recognized as legal and
sufficient until otherwise prescribed or or
dered.
Joshua Ilill and Dr. Miller, formally elect
id U. S. Senators from Georgia, arc still here,
and will present their credentials at the proper
time. Should the Legislature elect other
Senators it will rest with the Senate which
are entitled to admission.
The President has taken no side in the con
troversy regarding polities, as lie regards the
settlement of the question as resting with
Congress.
Speaker and Mrs. Blaine's reception was
very crowded this evening. Among those
present were (lens. Sherman and Sheridan,
many Senators-and Representatives, and a
large number of the diplomatic corps.
New York Items.
New York. Feb. 11.
Tlio Adams Express Co. lias declared a div
dend of two dollars per share, payable March
loth.
The suppression of several dry goods firms
is announced to-day. The houses are small
ones, however, and their liabilities light.
In the Supreme Court to-day Justice Mor
rell rendered an important decision in the
suit of Samuel Green against the Sun
Mutual Life Insurance Co., on the policy of
insurance for $7,500 on the ship Star of the
I'nion. The ship was insured in the aggre
gate for $05,000. She was on a homeward
voyage with a cargo of guano, when she
came in eollission with the brig Saitluel Holley
which stove in her starbord from the copper
' up. She was, however, navagatedto the port
of Rio de Jancrio. where she put in for re
! pairs. A survey was made ol her and the
I estimate sent in by a leading firm of ship
builders there, for her repair* amounted to
about fifty thousand dollars, lint tiny required
a deposit before undertaking the work. The
plaintiff claims it would now cost more to re
pair her than she was worth, and after four
surveys, and advertising for money, she was
abandoned as a total loss, and sold tor the
benefit of whom it might concern, bringing
about $(1,000. Justice Morrell dc< filed that
as the repairs were not made the plaintitl is
entitled to only nominal damages. lie there
fore directed li verdict for the plantin' for six
cents.
j The 'nforination contained in yesterday’s
; telegrams that llr. l.anham, agent of the
! Methodist Book concern had ever been
[ charged with fraud was entirely erronious.
i Charges were preferred let himself, and not
* against him. A majority investigation yes
terday reported that there liadheen no frauds.
Minority reported that serious losses had ac
crued by reason of the employment of a
broker to make purchases of paper, and by
unaccountable disappearance of leather and
other binding stock.
Steamboat Explosion — Several
Lives Lost.
Mexrnts. Feb. 11.
A special dispatch from Helena to the
Ledger says immediately after the explosion
of the boiler of the Maggie Hays she sunk.
The body of Capt. Harney, of Maine, was
blown into the air and afterwards found in
the hold. The second engineer, Henry Mc
Dermott, was fatally scalded and died in five
minutes. James Kieze, second clerk, was
slightly scalded. Three deck hands and one
fireman werk "killed outright. The other
bodies were burned or blown into the river.
The boat had on hoard a light cargo of sugar,
owned by Hety, C’omser and James Jiei/.e of
Pittsburg, valued at 315.000. The first clerk
had come here by rail from New Orleans, and
thus escaped. Ii is said the vessel’s boilers
were known to be defective.
FROM PORTLAND.
Portland, Feb. 11.
(.'apt. Commerell. of II. 15. M.'s ship Mon- (
arch, gave a farewell party on hoard his ship
this afternoon, in acknowledgment of the
many acts of courtesy and kindness which
have been extended to him and his officers
since their arrival here.
About five hundred ladies and gentlemen
were sumptuously entertained, among whom
were many of our leading citizens. The af
fair ended with a hop.
A freight train on the Portland & Rochester
Railroad was thrown from the track while en
tering the city this afternoon. One care was
badly smashed.
The United States Steamer Leyden Ran
dall commanding, arrived at this port at half
past eight this evening from Boston, to con
voy the monitors Miantononiah and Terror,
which sail Sunday.
Miscellaneous Items.
Hartford. Conn., Feb. 11.
William ITuhbard, who was hurried by a
falling enbanknient yesterday, died a short
time after he was extricated. He was 150
years old and leaves a w ife and six children
destitute.
Bangor, Feb. 11.
Henry S. Richards, file cutter,dropped dead
this afternoon at his boarding-place, lie was
! out in the forenoon as usual.
Louisvn.i.r, Feb. 11.
Considerable excitement prevail* in Har
rison county, Indiana, over the discovery of
gold and silver mines near the line of the
proposd Louisville & St. Louis Railroad.
I twenty-two miners have been prospecting in
good earnest for the past four month*, and it
is believed they have met with success.
Foreign News by Cablo.
London, Feb. 11.
Iu the House of Commons, to-day, Mr.
Taylor gave notice that he should move for
an inquiery into the deportation of the South
Sea Islanders. Mr. Childers, the first lord of
the Admirality, explained that the recent
cruise of the Ironsides was undertaken with
the intention of seeing how they would work
! together as a squadron, lie said tie* ndop
! lion of the Whitworth guns by the navy was
; uncertain.
The Post Master General, the Marquis of
! Ilnrtington. alluded to the proposes! reduction
i of ocean postage between Great Britain and
j the Cnitcd States, and expressed the opinion
i that it would result in a great increase of
; mails, and of the revenue therefrom.
I The House, without transacting any busi
; ness of importance, adjourned.
The shore end of the India telegraph cable,
taken out by the Great Eastern, has been
landed ut Bombay.
Paris, Feb. 11. 9 P. M.
The Police authorities profess that they
j have discovered an extensive conspiracy
I against the Government, and are actively en
gaged in searching for parties implicated. A
| great many arrests were made last night and
j to-day.
i It is stated that the editors of the Marsel
! laise and two editors of the Ueville were ar
rested on charges connected with the the al
leged conspiracy.
A policeman, in plain clothes, was shot and
: killed yesterday, by a mechanic whom he wus
endeavoring to arrest in his own house The
man has been taken into custody.
The La Marsaillaise reappeared to-day and
was eagerly bought in the street. Several
citizens were killed during the recent riots,
and their bodies have been placed in the
morgue, but the police refuse to give any de
tails concerning them.
Madrid, Feb. 11.
In Cortes, during debate on naval estimate.
Admiral Quesado reported that the iron clad-,
| belonging in the naval arsenals are ready for
| use in case of foreigjp war. but arc not armed.
' Admiral Topete, Minister of Marine, replied
that there need be no fear that he would ever
FINANCIAL AND COMMERCIAL.
lly Telegraph to Daily Joi hnal:
New York Money Market.
Ni:w Yohk. Feb. 11. Evening.
Ease in money market whs very marked to-day,
and rail loans ranged from 4 too per rent., while
at close it was impossible to lend round amounts
even at 4 per cent.
Prime acceptances pass at 0 per cent., and prime
bti-ines- notes 7 to 8.
Foreign exchange remains quiet at I08%g109 for
long, and ltKt1* foi short sight.
(•old market one time this afternoon declining to
lli>%, but rallied to 120', at close.
Carrying rates were3. ♦*. 4. 1 and 2.
t.ros- ciearnnres fob,2lb.(Rib.
(iovernments bocni.ie stronger at close of day,
and advanced % with more doing, and closing firm
at the loll owing quotations:
I’nited States Sixea.(» oupons) 1881 117*4 |
“ •* 5-20ft (coupons) 1802 114%
u “ “ “ IfrU-tift 114%
“ ** ** .Jan. and July 1 i s1.,
“ “ “ “ 1800-08 11.1%
“ “ 10-403 “ 112%
Currency Sixes 111%
New York Stock Market.
Now York, Feb. 11.
At 5 P. M. the market closed at the tallowing
quotations:
V Y. Central,
N Y Central scrip
Harlem.
Heading,
1 Mu lligan Central,
Lake Shore & Michigan Southern,
I Illinois Central,
Cleveland A Pittsburg,
Chicago A North Western,
Chicago A North We.-tern preferred,
New Jersey Central.
Chicago Altock I'land.
I Milwaukee A St. Paul.
Milwaukee A "ft Paul preferred,
Toledo A Wabash,
Toledo A Walmsh preferred,
Pittsburg A Fort Wiytu ,
Ohio A Mississippi,
i chicam A Alton, ex-division.
Chicago A Alton preferred,
Erie,
Erie preferred. „
The Sub-Treasury balance is as follows : currency
#7 HC/mmi; general #84 10.1,000.
New York Produce Market.
07
93%
130
07%
NS%
113%
99
71%
90%
100
119%
74%
88%
47
02%
-9%
MO
140
42 *
New York, Feb. 11.
COTTON—favor# buyers; sales 2300 bales; mid.
upland- 23%
FLOl U—sales 7800 bbls; state and western shade
higher on low grades; supertine to fancy state. 4*45
«380; supertlue to choice western. 4t>5$39U; south
ern rather more steady; sales 400 hbls; common to
choice 530 4975.
WHE AT—quiet and a shade firmer; sales 41,000;
No 2 1103120.
CORN—tkade firmer; sales 20.000 bushels; new
mixed western 87 $91; old 1 <>•*>510C>.
O.VT-S—quiet; sales 29,000 bu>heis; state 62<p51;
western 30§58
BEEF—Q bet, sfaudy and unchanged: aules 230
bids.
POKE—new mess 27 00$27 23; prime 23 00•>2130.
LARD—heavy, and shade easier; sales KK» bbls.,
st -im 14%§ 15% ; kettle 10% $17.
~ ~ * * too hnds ; (h!r to good refill
<Vd \R—firm; sid
ing 10$ bi>4.
Chicago Produce Market
Chicago, Feb. ti.
d U— unchanged.
CORN—dull at 7fU7!'., for No. 2; afternoon vm
changed.
< > VTs—tlull at .'18’. ttfor No. 2.
HAKLKY—dull ar «S for No. 2.
> RYK—quiet and firm at 72 for No. !. W&O for No.
LAKH—quiet and firmer, and ?4 higher, and 15#
l.*'i cash and seller March.
fireal I m pro vein cut in
Artificial l
, Teeth.
DR. SNELL
INSERTS Tec til on Ui r.KKit by a new proces*, by
.which the plate is made a'thin as a metallic
base; at the same time the plate is flexible, ami Lena
liable to break.
This mode insures likewise the certainly of a
perfect lit.
Having purchased the cjrrtuMre. ri</ht to use thin
mode in Kennebec county, 1 shall be nappy to show
its peculiar advantages to any one who needs art;
lioiai teeth.
69 Winthrop Street.
Augusta. Jan. 28th, 1870. ♦29jnn-3w&3wfl
Cou^h Candy !
WrKAlH;\lUlUi!# CO I till CAYDY cures
T > COCGII*. COLDS. WHOOPING COUGH aud
all Throat troubles.
2 Doors so'.ith of Granite Block, Market Sq-.
MI SICtl. INSTRUMENTS,
Fancy Goods, tfco., sold by
ianl-lyt W. VVKN DENBURO.
Dissolution of Co-Partnership.
rpin: co-partnership horeb>f»re < xisting between
1 Lucius Hill nnd ( has. A. Famuin, is this day
dissolved by mutual consent.
LUCIUS HILL,
Augusta, Feb. 1. Is70. C. A. FARNUM.
The undersigned will continue the
Grocery and Provision Business,
At the OLD STAND.
CONV ST., 111!AD OF ARSENAL ST.
♦Web if i UCI1 6 HILL.
Forty-seventh Annual Statement
OF THE CONDITION OF Till'
North American
FIRE I\SIRA\(E COMPANY,
OF THE CITY OF NEW YORK.
TO Tnr. S i A I F. OF M \!M .
Statement «>f the rendition of tlx* N.nth American
Fire Insurance < ompain «>i t it\ of New York,
on the l-t day «.f January. 187a. i 'rule to the Secre
tary of the state ot Maine, pursuant to the Statute
ol that State.
1st.—The unine of the Com par-y is the North
Ami i k w Firk Ivsi kam i; ('oMldM of the
Citv of New 1 oi k. It is located in the City of New
York.
2d.—Th° amount of if* Capital Stork is $500,000.00
3d.—The ain’t of its Cap. Stock paid up is 600,000.00
4th.—TUI' A*«KTS OF THE C«>. ARE A** FOLLOWS :
Cash on hand and in hands of Agents or other
persons, *53.615.13
Real E.-tate unincumbered. 33,000.00
Bonds owned bv the < unpanv. to wit . Market Yal.
l\ S. Bonds. * * 397,005.00
Tnmesr.ce State Bond-. 14.040.00
Wisconsin State bonds, 0,0004)0
N Y. County Bonds. 3,000.00
*121,035.00
Loans on Bond and Mortgage, being first
lien on unincumbered real estate, worth
double the amount loaned, $223,900.00
Debts oilier wise secured. 12,700.00
Debt* for premium*. 33,180.2!
All other securities. Interest accured, Ac., 25.175.94
Total Assets, *802,572.28
i.iAitn runs.
I 5th.—A mount due or not due t" Banks or
other creditors. *.">o 000.00
f-th.— Losses adjusted ami due. None.
7th.—Losses adjusted and not due, 20.151.Id
1 8th.—Losses uuadjii.-ted. 2tr.3II.80
9th.—Losses in suspense waiting for fur
ther proof, 10,913.34
i 10th.—All other claim: again t the Co.. None.
Total Liabilities, $100,382.60
11th.—The greatest amount insured in any one risk,
| * {0 009.
12rh.—The greatest amount allowed by the rules ot
the Company to be insured in one city, town or
village. No limit
13th —The greatest amount allowed to be insured in
i nnv one block. No limit.
| 14th.—Certified copy of the Charter of the Com
| patty, on file.
—
state of New York, ) ^
! County of New York, i
R. \v Bleeeker. President, and F. II Carter, Sec
retan-. of the North American Five 1 uuranee Com
pany. of the City of New York, being duly sworn,
depo.-e and *:iy ’ that the foregoing is a full, true
and correct tatement of the affairs of the said
Company; that the said Insurance Company is the
bona-fide <>u ner of at least One Hundred Thousand
Dollars of .a tin! cash capital, invested in State and
I nited States stocks and Bonds, or in Bonds or
M "it gag - of Beal Estate unin< umber d and w orth
double the amount for which the same ir- mortgaged;
ami that they are the above described officers ot
said lu-uranre Company.
K. W. BLKECKElt, President.
F. H. CARTER, Seeretarj .
Stib«n*rilK*«l and sworn before me. tliis 4th day ot
February, lw70. A* witne* mv hand and official
neal. Tlins. L TH<>RNKLL.
Notary Public in Nnv York.
W. F. HALLETT, Agent,
fi>feb-3t AfliUSTA.
A Wonderful Discovery!
NATURE’S
TEAES OP STUDY A1TD EXPERIMENT.
It Contains No LAC SULPHUE—No SU3AS
of LEAD—No LITHAEOE-No NITEATS
of SILVEE, and is entirely free from the
Poisonous and Health-destroying Drugs
used in other Hair Preparations.
It is sure to supersede and drive out of
the community all the FOISOXOV& PRF~
PAR A TI OX S nowin use. Transparent and
clear tts crystal, it will not soil the finest
fabric. So oil, no sediment, no dirt — jwr
fvctly SAI'E, CLEAX, and PIIICIEXT
desideratums I.OXO SOl’OJIT FOR, and
FOVXD AT LAST!
It colors and prevents the Hair from be
eominy Oray, imparts a soft, glossy appear
a nee, removes Dandruff, is cool and refresh
iny to the head, checks the llair from falling
off, and restores it to a great extt ut u-hen pre
maturely lost, prerents Headaches, cures all
i Humors, cutaneous eruptions, and unnat
ural heat. OXL i 7a CEMS PER DOTTLE.
It is secured In the Patent Office of the
Vnited States by DR. G. SMITH, Patentee,
Groton Junction, Mass. Prepared only by
PROCTER BROTHERS, GLOUCESTER, MASS.,
To whom all orders should tu‘ addressed.
! Sold by all first-class Druggist* and Fancy
Goods Dealers. The Genuine is put up in a
' panel bottle made expressly for it, with tho
name of the article blown in the glass.
Ask your Druggist for Xaturcds
Hair Restttrtitire, and take
Xo Other.
I The Restorative is lot* **lt* ;»l Whole-il<* in Port*
i 1 \w.» oy W. V . Pint I «» - < «' . ami m n-Uil i»> au
»the DrugtitaU in Maine. i.mi. .m .ttt