OCR Interpretation


The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, March 14, 1876, Image 2

Image and text provided by Louisiana State University; Baton Rouge, LA

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86079018/1876-03-14/ed-1/seq-2/

What is OCR?


Thumbnail for 2

HEW ORLEANS BULLETIN
*~f fl W ORLEANS, MARCH 14, 1876.
BY TELEGRAPH.
[[Synopsis of Snndsy Night's Dispatches.]
yu FIKASCXAI, QUESTION BF.FOBE THE DEMO
CRATIC CAUCUS.
The Democratic caucus met on Saturday
sight at the CapitoL There was a long dis
«Mrim on the financial question. Senators
Bawd, Eaton, Thurman, Bogy and Kernan,
■ad Representatives Randall, Reagan and
Luttrell, advocating hard money. No ques
tion was taken/ There seemed to be a clearer
oomprebeftsios of the issues involved and a
flmctnt disposition to arrive at a satisfactory
result than had been hitherto manifested—
the tendency being toward hard money;
Landers and Holman being left almost alone
in the advocacy of extreme views as to soft
money.
The opinion was generally expressed that
the entire national debt should be paid ac
eording to the pledges of the government in
«old, and in consonance with the principles
of the Democratic party. The caucus ad
journed till Wednesday evening next, when
d ull attendance is expected and a vote taken
on the propositions pending, viz: the ma
jority and minority reports of the Joint Com
mittee. There were about one hundred mem
ben present daring the evening. Mr. Lamsr
tendered his resignation as chairman on ac
count of sickness, but it was net accepted.
Clymer was elected chairman pro tempore
daring the absence of Lamar, who will re
turn to Mississippi in accordance with the ad
wioe of his physician.
TPH BELKNAP INVESTIGATION—PROOFINDEPEND
ENT OF MABSH.
A Washington dispatch dried March 12th
■ays: It is said that more than a week ago six
or seven persons in the vicinity of Marsh &,
Evans's late trading post were summoned,
and that their arrival may therefore soon be
expected. In response to a question, recent
ly, of a member of the Judiciary Committee,
be mid that proof could be produced inde
pendently of that of the witness Marsh to
abundantly support and prove the charges
already made.
No material testimony has been taken since
Karsh's flight
Oeo. H. Pendleton was anxious last week
to be examined before the Committee on Ex
penditures in the War Department He will
appear to-day.
A special to the New York Times, of March
12th, from San Antonio, Texas, says that the
men who have dealt principally in post trader
ships in Texas are Gen. Jno. M. Hedrick, of
Ottumwa, Iowa, now Collector of Internal
Be venae of that State, through his agent at
Leighton, who went to Texas in 1871.
elaim agent of Washington City iB also men
tkmod in this connection. James Trainer,
fcmaerly post-trader at Fort Conoho, has sent
• communication to Congressman Hancock,
aerioasly damaging to Gen. Hedrick and W. T.
Clark, an ex-member of Congress, in relation
to the blaokmailing by them of the Texas
poet traders. Trainer says he was relieved
on account of his refusal to pay draftB drawn
on him by Clark for bribe money.
Dr. W. F. Southern, a prominent dentiBt of
Memphis, was found dead in his bed on Sat
nrday morning.
There was a destructive fire in Memphis on
Sunday morning.
There has been another strike of the coal
miners of Tuscarawas Valley, caused by a
reduction for mining of ten cents a ton.
FOREIGN NEWS.
A Berlin dispatch of March 12tb says that
the High Court of State has decided to indict
Ton Arnim for treason, on oharges established
daring the preliminary inquiry just finished
His propersy will henceforth be sequestrated
aooording to a dispatch from Berlin to the
London Standard.
The present session of the French Congress
and Deputies wiil be short. The Chamber of
Deputies will resume its sittings early in May.
X. Thiers will aooeptaseat in the Chamber
of Deputies as representative from Paris,
rather than bis seat as Senator from Belfort.
He hm represented Paris as a deputy for forty
jrean.
Great anxiety is felt in Paris owing to the
oontinned rise of the Seine. Many accidents
have already occurred.
There was a violent storm thronghont the
British Isles on Snndsy. Many telegraph
wires were blown down.
MORE BELKNAITINU.
THE SIGNAL
8EBVI0E SAID
INATED.
TO BE CONTAM
Says a Washington correspondent of the
New York Sun: "In the latter part of Janu
ary last, the Hon. H. Clymer, M. C., chair
man of the Military Investigating Committee,
presented a resolution in the Honse of Rep
resentatives (which was adopted) directing
the Secretary of War to fnrnish'the com
mittee with a detailed statement of the signal
service accounts. This came to the notice of
• late member of the signal service, who im
mediately communicated with Mr. Clymer,
informing him that the moneys appropriated
by Congress each year for the benefit of com
merce and agriculture have been fraudulently
misused.
" It is well known to members and ex-mem
hem of the signal servioe that for years past
the offioers who have in oharge the* contracts
for supplies, and the disbursement of moneys,
connected with the working of the corps, have
pursued a systematic oourse of peculation. A
■triot investigation of the signal servioe ac
counts, from the date of its formation until
the present time, wonld show that the service
haa been supplisd with a vast amount of ma
terial by one firm in New York City, at a
prioe more than three times that asked by
other houses ; and that it has been the rale of
that firm to deliver bnt one-half ot each order
—in fact doubling the contract prioe—and evi
dence can be adduced which will prove this
Arm was started at the period the signal ser
vice came into existence ; also, that the offi
mu contracting with said firm reoeive emolu
ment for advancing its interests with the
bureau established for the * benefit of com
merce and agncultnre. '
"Three-quarters of a million of money has
been misused by the signal service during tue
pact two years. While Bslknap and other
great guns have carried on their enormous
operations, the signal service has been con
ducted in} modest immitation thereof.
"It is improbable that v Mr. Clymer will
■How the signal servioe to receive another
$500,000 appropriation, without first investi
gating the manner iu which it has used the
money heretofore (ptrusted to its care, in
behalf of 'commerce and agriculture.' "
It won't be necessary to erect monuments
in commemoration of the notable geniuses of
Giantism. They are erecting their own monu
ments. and by them they will be remembered
as far elf as the next Centennial. Belknap
has finished his monument, and it bears a
longer inscription than there is on that Of
Major Gen. Woith iu Madison Square. At
the head of it is inscfibe l "Fort Sill," and
then follows a list of other forts and posts.
Sohenck has completed his monument, which
is topped with the legend, "Emma Mine,"
and oofured all over, with appropriate memo
randa. Landanlet Williams has a queer monu
ment. Pierrepont is still working at bis monu
ment The Credit Mobilier operators and
salary grabbers have raised their monumental
Ebencz jrs. Grant's monument will be a varie
gated one when properly marked. Let every
mVn build the monument of his own life.
Bay vonr boggy and carriage of L. T. Maddux
S5 Oarondelgt etreet. New Orleans.
Wants and To Boat inserted in the Bcmrnrfor
fltVMua
a
lNBUKANUK.
rpiIE NEW. ORLEANS INSURANCE COM
PANT.
Corner of Canal and Camp streets.
SIXTEENTH ANNUAL STATEMENT.
NEW ORLEANS, Jam 15, 1876.
In oonformity with the requirements of their
charter, the NEW ORLEANS INSURANCE COM
PAN Y publish the following statement of their
affairs for the yearending December 31, 1875 :
Fire premiums.................$455,328 93
Marine......................... 62.e39 5«
River........................... 75.231 32
• -$583,399 81
Less—
For nntiTmlnated risks Decem
ber 31, ..................... 137,568 14
Return premiums .
34,972 22
-»172,540 36
.$420,859 45
Net earned premiums.............
Add
Interest, salvages, etc.................... 30,631 13
$451,490 58
Deduct—
Reinsurances......... $26,345 83
Fire losses..........$116,972 73
Marine ........... 16,824 69
River................ 36,373 21
-$158,188 63
Rebate.............. 42,483 47
Commissions to .
agents........... 27,148 59
General expenses of
. agencies......... 7,739 12
General exjienses of
home office...... 27,900 00
Contingent expenses
Board of Under-
writers, etc...... 12,077 24
--$47,716 36
29,294 92
-$331,177 80
State and- city taxes
Net profits...... 120,312 78
Dednct—
Dividend paid in Au
gust......___.... $25,000 00
Dividend declared... 25 000 00
---450,000 00
Reserved fer unsettled claims.. 15,000 00—65,000 00
$55,312 78
The company have the following assets, at their
market value :
Real estate...............................$1H911 85
Pledge aud mortgage notes............... 238,501 91
Stocks and bonds ..................... 93,574 50
Bills receivable.......................... * 22,387 68
Premiums in course of collection.......... 73,487 09
Agency premiums in course of transmis
sion....... .............10,216 45
Due by insurance companies.............. 4,137 61
Suspense accoont......................... 3,224 32
Sundry debtors .................... 7,213 70
United States securities, 5-20 bonds....... 58,922 61
O iah ---------------—................... 36,250 24
$652,827 96
LIABILITIES.
Reserved for unterminatod risks..........$137,568 14
Dividend declared........................* 25,090 00
Dividend uncollected ..................... 10 086 25
Reserved fon unsettled claims............. 15,000 00
$187,654 39
The foregoing is a true and correct transcript from
the books of the-New Orleans Insurance Company.
• J. TUYES, Preside
J*. W. HINCKS, Secretary.
Sworn to and subscribed before me on this 17th da y
of January, 1876,
JOHN LeMONNIER,
Third Justice of the Peace,
Parish of Orleans, La.
At a meeting of the Board of Directors, held on ths
13th inst., it was resolved to pay the semi-annual
interest dividend of five per cent on the capital stock
ta the stockholders or their legal representatives, on
and after the FIRST MONDAY of February next
J. VT. HINCKS, Secretary,
DIKEJTORS:
Ernest Merilh, A. M. Bickham,
Placide Foretall,
H. Gaily,
Chas. Lafitte,
W. Yan Benthnysen,
Pierre Foutz,
jal9 2m
A. Schreiber,
J. Tuycs,
W. A. Bell,
D. Fatjo,
D. D. Rogers.
M
BECHANTS' MUTUAL INSURANCE COM
PANY OF NEW ORLEANS,
104 Canal Street.
TWENTY-FIRST ANNUAL STATEMENT.
In oonformity with the requirements of their char
ter, the Company publish the following statement :
Premiums received during tho year euding May 31,
1»75, including Unearned Premiums of the previ
On Marine Risks.......................
On River Risks.........................
52,556 10
55,983 08
Total Premiums.......................
Less Unearned Premiums.............
$678,160 23
121,468 00
Net Earned Premiums31st May, 1875.... $556,692 S3
Iammim TMiid—
On Fire £sks................$257,344 41
On Marine Risks............. 47.782 44
On River Risks.............. 32,344 05
$337,470 90
Taxes........................ 35,009 98
Reinsurance and Return Pre
miums.............. 26,849 72
Expenses and fifteen per cent
rebate less interest......... 54,930 07
454,260 67
Profit.
........ $102,431 50
The Company have the following assets :
Real Estates........................... $282,814 43
City Bonds............... *16.110 00
Bank, Railroad and other Stocks... —.. 73,-11 80
Notes secured by mortgage and pledge.. 327, -79 85
Bills receivable.............-........... 83,' 17 00
Premium in course of collection......... 94,401 73
State Bonds.............................
Insurance Stock.........................
Stock of Vallette Dry Dock Company...
Mortgage Bends, Turners' Association..
Mortgage Bonds Odd Fellows' Hall.....
Cadi on hand...........................
650 oo
19,124 46
16,400 00
2,000 00
5,000 00
108,587 29
$1,223,89 9.56
The above statement is n tuet, true and oorrect
transcript from the hooks of the Company.
P. FOURCHY, President.
G. W. Nott, Secretary.
STATE OF LOUISIANA, I
Parish of Orleans, city of New Orleans. J
S worn to aud subscribed before me the 15th day of
June, 1875. JAMES FAHEY, N. P.
At a meeting of the Board of Directors hold on the
14th day of June, 1875, it was resolved to pay to the
Stockholders, on demand, interest at the rate of 10
per cent per annum on their stock.
DlBECTOKb:
P. Maspero, Ed. Toby,
D. Fatjo, P. Fourchy,
S. Z. Keif, M. W. Smith,
L. F. Générés. J. J. Fernande«,
D. A. Chaifraix, J. M. Alien,
Chas. Lafitte. je 16 '75 ly
IJIHJC NEW ORLEANS INSURANCE COMPANY
OF NEW ORLEANS, LA„
' Oomer of Camp and Canal Streets.
ESTABLISHED IN lSft5.
Income for year 1874.......... ............$504,038 TO
Asoets December 31,1874.................$738.560 M
The Company Insures Fire, Marine and River
Risks. Issues Marine Policies, payable in London in
of low. J. W. HINCKS, Secretary.
AD. SCHREIBER, Vice President
J. TUYES, President.
W. B. Schmidt
Piacdde Foretell,
H. Gaily,
Chartes Lafltte,
W. Yam Benthuysw,
Emile Beany,
A. M. Bickham,
Ad. Schreiber,
Jules Tuyes,
W. A. Ball,
D. Fatjo,
D. D. Rogen. Mly
81
36
45
13
58
M
INSURANCE.
ECHANICS' AND TRADERS' INSURANCE
COMPANY,
No. 14 Cnrondelet Street.]
SIXTH ANNUAL STATEMENT.
New Orleans, Sept. 29, 1875.
In compliance with article 12 of the Charter, this
company makes the fellow ing statement of its busi
ness for the year ending 31st August, 1874 :
Received for—
Fire premiums.....$120.556 16
River premiums..... 52,895 24
Marine premiums.. 21,370 49
Unearned premiums
31st August,
187^............ 48,000 00
$242,821 89
Deduct unearned
premiums....... 42,620 00
Deduct returned pre
miums.......... 5,462 70
48,082 70
80,570 74
Net earned premiums...........$194,7% 19
Lees
Fire losses............38,735 42
River losses..........15,207 89
Marine-losses--------- 607 43
Unadjusted losses----26,000 00
Reinsurances.........17,288 86
Rebate................ 8,391 09
Taxes and licensee____ 5,990 85
Office expenses. Board
Under writ : rs, Bab
cock engines......30,090 18
Profit and loss......*..14,363 00
76,123 98
Less ihterest.........31,244 36—44 879 62—125,450 36
Net profits............69,288 83
ASSETS.
Bills receivable for premiums
and loans on pledge.......
Cash..........................
Premiums in course of collec
tion .......................
Invested in bank, insurance
and other stocks, bonds,
etc........................56,709 20
Less shrinkage................14,000 00
Real estate.............................
Stock notes............................
265,365 24
35,640 23
14,697 72
42,709 20
2.0C0 00
161,216 68
Total............................ $521,629 07
The above statement is a true and cbrrect tran
script from the books of the company.
LLOYD R. COLEMAN, President.
■T AMES A. WHITE, Secretary.
STATE OF LOUISIANA, J
Cit/ of Sew Orleans. )
Sworn to and subscribed before me, notary public,
this 29th day of September, 1875.
CHAS. G. ANDRY, Notary Public.
The Board of Trustees, at their annual meeting on
the 20th inst. resolved to pay 10 per cent, interest
on paid in capital and declared the following divi
dends:
3% per cent, on paid in capital ;
20 per cent, on earned premiums.
All of which will be paid on full paid stock or cred.
ited on notes on stock in part paid, on and after
TUESDAY, 26th October, 1875.
-TRUSTEES
J. Davidson Hill,
M Johnson,
J. S. Lanphier,
Robert L. Moore,
H. J. Mullen,
John Myers,
Edward Nalle,
Edward C. Payne,
George W. Senteli,
W. B. Thompson,
Frederick Wing,
C. W. Wood,
T. 8. Waterman,
J. F. Wycbe,
Lloyd B. Coleman,
ol eod tf
A. J. Aiken,
S. D. Autey,
Hugh Allison,
Isaac Bloom,
J. A. Braselman,
W. T. Blakemore,
C. H. C. Brown,
E. B. Briggs,
Samuel Boyd,
John D. Cobb,
J. E. Campbell,
W. L. Cushing,
Bsnjamin Gerson,
P.G Gilbert,
C. A. Green,
O. P. Harrison.
FACTORS' AND TRADERS'
Insurance Company.
37.......Carondelet Street.......37
Assets April 30, 1875, gI,4S«,3I3 SS.
This Company issues Policies on
FIRE, RIVER AND MARINE RISKS
At Lowest Tariff Rates.
E. A. PALFREY. President.
MOSES GREENWOOD, Vice President.
THOS. F. WALKER, Secretary.
TRUSTEES»
Moses Greenwood, R. M. Walmsley,
W. A. Johnson,
John I. Noble,
John Chaffe,
Richard Milliken,
Samuel E. Moore,
J. I. Warren,
R. T. Buckner,
Samuel Friedlaader,
A. A. Yates,
John I. Adams,
Isaac Seherck.
B. F. Eschleman.
A. Brittin,
A. H. May,
S. H. Snowden,
T. Lytt. Lyon,
Win. C. Raymond,
Jas. S. Prestidee,
Samuel H. Boyd,
Joseoh McElroy,
E. B. WheelocK,
Cyrus Bussey,
Win. i
. J. Behan,
Report of the Condition
— OF TUE —
NEW ORLEANS NATIONAL BANK,
At the Close •( Business, December 17, 1873,
At New Orleans, in the State of Louisiana,
RESOURCES :
Loans and discounts.....................$326,138 28
Overdrafts... ............................ 16 627 00
United States Bonds to secure circulation. 290,000 00
Other stocks, bonds and mortgages....... 2,500 00
Due from a-'preved reserve agents......... 66.023 05
Due from other National Banks........... 1,600 41
Due from State Banks and Bankers....... 11,938 23
Real estate, furniture and fixtures........ 10.000 00
Current expensts aud taxes paid......... 9,900 23
Premiums paid............................
Checks »no other cash items..............
Exchanges for Clearing-House.............
Bills ot other National Banks...........
Fractional currency (including nickels)...
Specie (including gold Treasury notes)----
Legal-tender notes.........................
Redemption fand with U. S. Treasurer (five
per cent ot circulation)................
20,(00 00
669 86
82,9% 32
12 511 00
5,120 50
1 .-«60 00
110,000 00
9.000 00
Total..................................$886,520 88
LIABILITIES:
Capital stock paid in.............
Surplus fund..............................
Other undivided profits..................
National Bank notes outstanding........
Dividends unpaid..........................
Individual dejiosita subject to check......
Demand certificates of deposits...........
Due to other National Banks............
Due to State Banks and bankers........
Total.................... ......
$200.000 00
4 000 00
53.5-2 95
177,000 00
1,245 00
368.794 37
56,407 50
9.429 34
16,061 72
$8*6,520 88
STATE OF LOUISIANA, I
Parish of Orleans: J
I WILLIAM PALFREY, Cashier of the above
named bank, do solemnly swear that the altove state
ment is true to the best ot my knowledge and belief.
WM. PALFREY, Cashier.
Subscribed and sworn to befi re me this 3d day of
Janaary, 1876. .
' ANDREW HERO, Jr., Notary Public.
of
Correct—attest:
BAM'L DELGADO,
A. CHAPSKY,
.SIGMUND KATZ, Director*.
_ INSURANCE.
QFFICE OF SUN MUTUAL INSURANCE
COMPANY OF NEW ORLEANS,
61 Camp Street, comer of Commercial Place.
Paid up Capital, 83*0,000.
. TWENTIETH ANNUAL STATEMENT.
In conformity with the requirements of their Char
ter, the Company publish the following statement for
the year ending December 31st, 1875 :
Amount premiums for the year ending December
31st, 1875
Fire.............. $222,064 94
River............ 77,735 76
Marine.......... 56,185 49
-1 $355,986 19
Add—
Unterminated risks for 1874.. 97,002 00
- $452,988 19
Less—
Unterminated risks for 1875.. 95,255 00
Return premiums............ 13,479 07
- 108,734 07
Net earned premiums.................... $344 254 12
Losses, etc., paid during the same period—
Fire risks........ #42,500 74
River............. 31,470 76
Marine........... 16,541 39
Reserved for nn
adjusted losses
#90,512 89
33,700 00
$124,273 89
Add
Reinsurance...... $19,490 91
General expenses,
taxes, Board of
Underwriters,
etc............ 53,833 80
- 73,324 71
Reserve fund................ 10,000 00
Interest on capi
tal stock...... $49,547 48
Less
Discount and in-
terest.......... 34 629 58
- $14 917 90
$222,515 50
Actual net profit......................... $121,738 62
The company has the following assets,
estimated at their market values :
Stocks and bsiids.................. $340,416 75
Loans on mortgage....................... 32,S«0 91
Loans on pledge......................... 38,178 48
Bills receivable.......................... 9,666 29
Premiums in course of collection........ 40,506 24
Cash on hand............................ 163,833 10
$625,441 77
The above statement is a jus*, true and correct
transcript from the books of the company.
JAMES I. DAY, President.
H. CARPEXTFR, Secretary.
STATE OF LOUISIANA, I
Parish of Orleans, City of New Orleans. j
Sworn to and subscribed before me, this 19th day
of January, 1876.
ALFRED INGRAHAM.
Notary Public.
The Board of Directors, at a meeting held on the
19th day of January, 1876, after setting aside TEN
THOUSAND DOLLARS to the RESERVE FUND,
from the net earnings of the year, and paying TEN
PER CENT DIVIDEND to the stockholders, have
resolved to pay a CASH DIVIDEND of THIRTY
FIVE PER CENT, on the net earned participating
premiums of the year ending December 31, 1875;
said dividend payable on and after MONDAY, the
24th day of January, 1876.
DIRECTORS FOR 1876.
Jno. G. Gaines, Richard Flower, J. L. Harris,
E. J. Hart, J. Weis, D. A.Chafiraix,
Hy Kenshaw, B. W. Taylor, L. Alcts
Hugh W lit on, J. C. Morris,
B. Biscoe. James I. Day,
Baldwin, Lionel C. Levy,
Chas. Mac ready. Emory Clapp,
W. E. Seymour, T. L. Airey.
Isaac L. Hai s.
S-ott McOel ee,
Goo. Jonas,
D. Fatjo
ja2l lm
E
IGHTEENTH ANNUAL STATEMENT
-OF THE
HOPE INSURANCE COMPANY,
NEW ORLEANS.
Office..................No. 123 Common Street.
In conformity with the requirements of their char
ter, the company pub'ish the following statement :
Premiums received to December 31,1875. $177,707 87
On fire risks............. $127,543 00
On marine............... 17,746 78
On river................. 32,418 09
Losses paid during the same period, viz :
$177 707
On fire risks.
$23,972 46
On marine...
4.625 61
On river.....
17,640 05
Less rebate......
$20,876 06
State and city ii
censes and tax
es on capital and
real estate for
le74 and 1875 ..
15,315 50
Reinsurances____
16,674 22
Rent.............
3,907 61
Return premiums
1,056 91
Profit and loss.
expenses less in
terest..........
13 «08 85
71,4.19 15
- 117,677 27
Profits............................. 460 030 60
Reserved for risks not terminated Decem
ber 31, 1875.......................... $25,969 40
Reserved for unadjusted losses .......... 1,851 12
Cash dividend of ten per cent declared
this day............................. 20,000 00
Estimated depreciation of assets......... 12.210 08
$60,030 60
TheCompany'a Asset»:
Invested in mortgage on real estate in
the city.............................. $49,323 77
Bills receivable on pledges.............. 28,337 16
. .. for premiums............ 7.295 31
Bank insurance and other stocks ........ 31,804 25
Real estate......... 34,324 37
Due for premiums in course of collection. 23.663 90
Cash in bank................ $84,738 88
Balance in Bank of America. 542 96
- 85,281 84
Total assets ....................... #260.0:10 60
The above statement is a just and correct trans
cript from the books of the company.
HY. PEYCUAUD, Pres.dent.
Parish of ort.eans, >
City of New Oi leans, j
Sworn to and subscribed before me, this tenth day
of January, 1876. M. T. DUCROS,
Notary Public, 18 Royal street.
At a meeting of the Board of Directors, held
this day it was resolved that a cash dividend of
TEN PER CENT be hereby declared on the capital
stock of the company out of the net earnings to De
cember 31, 1875 payable on demaud, to the stock
holders or their legal representative«,
jail lw LOUIS BARNETT. Secretary.
0IRCULAR SAWS
GUMMED AND STRAIGHTENED
-By
WIIjLIAM ulelland,
No. 222 Magazine street,
Between SL Joseph and Delord streets,
mb3 Saly NS IV O RLE A N S, LA.
for
19
07
12
50
62
75
91
48
29
24
10
77
I
j
INSURANCE.
0
FFICE
FIREMEN'S INSURANCE
PANY,
Corner Gravier and Camp streets.
NEW ORLEANS Jan 19, 1876.
At a meeting of the Board of Directors, held this
day, it was reso.ved to declare the following divi
dends frem the net earnings of the ten months end
ing December 31, 1875 :
1. Ten per cent. (10 annual interest on capita
stock paid in.
2. To carry to Rererve Ftind ia accordance with
Section 4. Art. VIII of the Charter, five per cent. (5)
3. To carry to the credit of the Firemen's Char
itable Association, of New Orleans for the support
of the Widows aud Orphans and the General Relief
Sys em of said Association, in accordance witn Sec.
4 Art. VIII of the ( harter, ten per rent. (IOC
4. Five per cent. (5) interest dividend on capital
stock paid in.
5. Forty per cent. (40) dividend to participating
in urers.
All declaration of dividends to stockholders to be
carried < o credit of stock notes in accordance with
sec. 5, art. VII of the charter.
Participating dividends to insurers (not stockhold
ers) payaole in rash ou demand.
I. N. MARKS. President.
T. PRUDHuMME, Vice President.
R. H. BENNERS, Secretary.
BOARD OF DIRECTORS.
Jacob Alexander. Wash. Marks.
Leon Bertoii,
II. II. Bierborst,
L. B. Cain,
John Pitzpatriok,
C Taylor Oaucbe,
Chas. Hemard,
AU'. H. Isaacson,
A. P. Kip,
B. M. Pond,
T. Prndhomme
C. Spoi l,
Otto Thoman,
Oeo. Waters,
L. A. Wiltz,
B. Wormann,
1. N. Marks.
ji21 lm
j^EW ORLEANS INSURANCE ASSOJIAXION,
Office, No. 102 Cana! Street.
SIXTH ANNUAL STATEMENT.
NEW ORLEANS,'Jan. 14, 1876.
In conformity with the requirements of the charter,
the New Oilcans Insurance Association publish the
following stab ment of their affairs fjr the year erd
on 31st December, 1875:
Fire premiums.....$350,836
Marine premiums.. 65,189 62
River premiums____ 34.7i4 31
Total premiums.......... $450,750 80
Less premiums on
unexpired risks.$120,661 47
Returned p r e m i -
urns ........... 1.951 60
-- 122 613 07
Net earned premiums.................$328,137 73
Add:
Interest...................... $9,185 35
Profit and loss. ...
Premium oa gold.
5,360 40
254 92
- 14.800 67
* $312,938 40
Fire losses paid.......90 741 55
Marine losses paid____15,954 27
River losses paid..... 6,802 83
Losses in litigation... 5,8)2 00
Losses unadjusted and
adjusted not ma
tured.............23,481 46—142,792 11
Reinsurances.................... 16 310 42
Rebate...........................31,818 98
Commissions to agents........... 27,339 65
Agency expenses................ 7,780 84
Taxes and licenses............... 10.568 50
Office expenses............. 27,062 67
Contingent expenses, Board of
Underwriters, etc____........ 6,547 16
Law expenses................... 47 52 270,267 83
20,324 61
6 500 00
Net profits.............................$72,670 5*
ASSETS.
Cash in Germania National
Bank..................... $51,890 87
Cash in Louisiana National
Bank..........1..........
Special dejiosit in Germania
National Bank............
Cash in hands of agents in
the United States and in
Europe............ 19.003 61
Certificates of deposit in the
New Orleans Banking As
sociation, $92,903 42, val
ued at.................... '27,671 03
Certificates cf indebtedness
of the New Or cans Na
tional Banking Associa
tion, $161,122 73, valued at
Premium notes...............
Loans on mortgage............ 140,573 22
Loans on p'edge.............. 24,324 94
Bills receivable............... 13,931 80
Bonds......................... 32 413 88
Stocks........................ 23,556 78
Premiums in course of collec
tion....................... 41,688 42
Real estate......... 74,174 77
Sundry- debters................ 11,814 99
United States securities....... 11,560 73 —555 52
LIABILITIES.
Capital stock full paid $30 per
share.____.....____________$295 650 00
Bills payable.................. 16,666 66
Unclaimed dividends of 1872,
1873 and 1874 .............. 544 50
Premiums on unexpire.t risks. 120,66 1 47
Unpaid losses................. 29,293 46
Sundry creditors.............. 7,908 85
Contingent reserve fund...... 11029 07 — 482,854 01
48.333 78
7 500 93
Surplus..............................$72,670 5'
The foregoing is a true and correct transcript from
the books of the New Orleans Insurance Association,
M'L. MUSSON, President.
G. LAN AUX, Secretary.
STATE OF LOUISIANA, >
Parish of Oileans. City of New Orleans, j
Sworn to and subscribed before me, Notary Public,
this 14th of January-, 1676.
G. LeO ARDEUR, Ja., Not. Pnb.
At a meeting of the Board of Directors held on the
12th of January, 1876, it was resolved to pay, on and
after the 25th inst., the folk wing dividends:
1. a n interest dividend of TEN PER CENT for
the year ending 31st December, 1675, on the capita
stock of #30 per share.
2. A dividond of TEN PER CENT to stockholders
on the amount of their NET earned premiums for
tho year ending 31st December, 1875, in addition
to the rebate, or anticipated dividend of 15per cent
already received by said stockholders on their
GROSS premiums.
3. And to carry to Contingent Fund FIFTEEN
PER CENT of the remaining premium profits, for
investment in Uuited States Government securities,
according to articles III and V of the amended
charter. M L. MUSSON, Pres.dent.
O. LAN AUX, Secretary.
Directors:
A. J. GOMILA.
PIERRE LANAUX.
I. K. SMALL.
L. J. WEBSTE
J. B. C AMOKS.
E. M. SCOTT.
E. F. GOLSAN.
LOUIS SCHNEIDER.
J. PLAISENT.
JOHN LEISY.
HENRY ABRAHAM.
M. MUSSON.
ja 15 lm
Seed Potatoes—Onioas.i
t)AAA BBLS CnniCE SEED. EARLY ROSE,
ÄVV' * Goo-'rich, Jackson Whites Pteness and
Pinkeyes
1000 bbls Peach Blows aud Rnssets.
300 bids Red and Silversirin ONIONS.
K KÜU T in barrel, anil half barrels.
BEA 5 S rsd PEAS in lots to soit.
For sale by J. C. MURPHY A CO
ja!4 36 Povdras street.
Feople's Loan OJJlce,
Cerner Royal and tontl Streets,
Private Entrance 62 Conti street.
LIBERAL LOANS made on Diaraonts, Watches
Jewelry and Goods ef every description,
e27toja>
COM
a
in
or
for
of
of
all
and
less
be
ary,
and
ing,
the
and
but
dass
four
aient
iars,
one
age
and
for
tion
to
ly
the
the
Table ef Kates ef Domestic Portage.
The following are the ratet of postage en Pt» -
noetic Mail Matter of the different olsesee :
Note—All domestic mail matter (except ne we,
papers, magazines and periodicals sent to acta»#
subsen iters from a known office of pnbimat««i»i
mart be prepaid by postage stamps.
A letter on which one Stall rate of postage 1»
prepaid, bnt on which farther postage i» charge»
able, will be forwarded, when deposited in fc
post-office, charged With the unpaid postage fox
be collected on delivery. If the postage is Isfljt
wholly unpaid, or is prepaid lees than one fnXt
rate, it will bo held fer postage and sent to Utw
De&d Letter Office. Should it reach its dettes»»
tion by inadvertence, however, it will be charged
with doable postage on delivery. "Oise fa3&
rate" means, in the care of mail letters or other
first class matter, three cents.
In large cities and adjacent districts Cf large■
population, having two or more post-offices vHdM»'
in a distance of three miles of each other,.any let
ter posted at one of such offices, and addressed to>
a locality within the delivery of another of sMto
offices, which shall have been inadvertently pr a»
paid at the "drop" or local letter rate of poeteggt
only, may be forwarded to its destination through
the proper office charged with the amount oftfo
deficient postage, to be collected on delivery.
If articles chargeable with different rafog a&
postage are sent together in one package, MM»
higher rate must be paid on the entire pacing»#
bat two or more different artioles, both charg»»
able with the same rate of postage, may be ml
in one package on payment of that rate on Uto
whole package.
The following articles are excluded, from tkt
mails : Liquid^ Poisons, Glass, Explosive Mu»
terials, Books, Pamphlets, Pictures and othe*
publications of an obscene or indecent character*
all letters upon the envelopes of which, and pot>
tal cards upon which, scnmlona epithets an
written or printed or engraved, or disloyel fo»
rices printed or engraved ; and all articles which
from their form or nature are liable to destroy*
deface or injure the contents of mail bags or tha
person of any one engaged in the postal eervtaa»
Postmasters are not allowed to give credit to9
postage, nor to deliver any mail matter until ai>
postage due thereon has been paid.
First Class.
On letters, sealed packages, mail matter wboBy
or partly in writing (except book manuscript»
and corrected proof-sheets passing bet ween au
thors and publishers, and except local or " drop
letters); on all printed matter so marked aa to
convey any other or farther information than Ip
oonveyed by the original print (except the cor
rection of typographical errors) ; on all matter
not otherwise chargeable with letter postage, but
which is, so wrapped or secured that it cannot b»
conveniently examined by postmasters, without)
destroying the wrapper or envelope ; on all new»»
papers, magazines and periodicals sent from pub
Ushers to subscribers and inclosing any artteto
whatever, except bona fide supplements or MB»
and receipts for subscriptions ; and on all pacta»
ages or matter not in itself chargèable with lettes
postage, but in which is inclosed or concealed:
any letter or other thing chargeable with letter
postage—3 cents for each half ounce or fradttao
thereof—weight of packages limited to tear
pounds. '
On local or "drop" letters, at offioes wbaarte
free delivery by carriers is established—3 cent»
for each half ounce or fraction thereof—wfoptab
of packages limited to fonr pounds.
On local or "drop" letters, at offices wh s»»
free delivery by carriers is not establish»!—St
cent per half ounce or fraction thereof— weight
of packages limited to fonr pounds.
Second Class,
Note.— Mailable matter of this class embrace»
all newspapers, magazines and periodical« ex»,
olusively in print and regularly issued at stMafo
periods from a known office of r nblieation, ufi
addressed to regular subscribers.
PREPAYMENT.
Sec. 5. That on and after the 1st day of Ju» '
ary, 1875, on all newspapers and periodical pub»
lications mailed from a known office o! publica
tion or news agency, and addressed to rogula»
subscribers. or news-agents, postage shall ba
charged at the following rates : On newspaper»
and periodical publications, issued weekly and«
offener, two cents a pound and fraction thereof;,
less frequently three cents a pound and fraetteu
thereof: Provided, That nothing in this act zhaM
be held to change or amend section 99 of the aot
entitled, "An act to revise, consolidate, ate
amend the statutes relating to the Fost-OSa»
Department," approved Jane 8th, 1872.
Bee. 6. That on and after the 1st day of Jam»
ary, 1875, npon the receipt of suelt newspaper*
and periodical publications at the office of matt
ing, they shall be weighed in bnlk, and peetag*
paid thereon by a special adhesive stamp, to ta»
devised and furnished by the Postmaster
eral, which shaU be affixed to snciPuuttcr, er I
the sack containing the same, or upon a asm
random of such mailing, or otherwise, aa U
Postmaster Oenersl may, fragt time to
provide by regulation.
Sec. 7. That newspapers, one copy M
actual subscriber residing within the
where the same are printed, in whole or in part,
and pubUshed, shall go free through ths malls $
but the same shall not be delivered at Jetts»
carrier offices or distributed by carriers nnlea»
postage is paid thereon as by law provided.
Third (Mass,
All matter of the third class must be fully pre
paid.
Nora.—Packages of mailable matter of ttate
dass must be prepaid by stamps, and: must
exceed the weight prescribed by law (which tr
four pounds). Paskages exceeding the pra»
scribed weight are unm ailable .--HJHEg——
On pamphlets, occasional publie ro ns, tr»»
aient newspapers, magazines and periodicals
handbills, posters, sheet mnsio, nnvetled dr 00»
iars, prospectuses, book manuscripts and proof
sheets, printed cards, maps, lithographs, priâtes
chromo-lithographs and engravings, seeds, eut»
tings, bulbs, roots and scions—1 cent for
one ounce or fraction thereof—weight of ]
age limited to four pounds.
On flexible patterns, samples of ores, metal»,
minerals and merchandise, sample cards, phon»»
graphic paper, letter envelopes, postal envelope»
and wrappers, unprinted cards, plain and orna»
mental paper, photographs, and all other artiden
for which other rates of postage are Dot pre
scribed in this table, aud which are not by la«
excluded from the mails—1 cent for each ca»
ounce or fraction thereof—weight of package*
limited to four pounds.
On bocks—1 cut for each on e ounce or free»
tion thereof—weight of packages limited to foe*
pounds.
On unsealed circulars, newspapers, 'whether
transient or addressed to regular subscribers—
excepting weekly papers, which may be delivered
to subscribers on prepayment of regular qnarte*»
ly rates) and on periodicals not exceeding tw»
ounces in weight, when any of the same are da»
posited in a letter-carrier office for delivery tap
the office or ita carriers—1 cent each.
On periodicals two onnoea in weight, whaa de»
posited in a letter-canter office fen delivery tap
the oSon or its carrier*— » ernte ts ►.

xml | txt