Chicago Daily Tribune Newspaper, November 27, 1877, Page 7

L11ly CHIVAGU ARIBULvagg LULBDA ., nwOYRMBILIRR 2/ lo0¢7, INSURANCE. Honest Rates a Necessity of Sound Insurance. The Effect of Cutthroat Competition, Efforts of the Big Fish to Cap- Bije ture the Little Fish, Thelr Chances of Success, How= over, Not Yet Hopeless. The Alliger Defaleation Sultg--- Co-operative Humbugs. jngular Marine Tioss Cnse---The " Champion Fraud, Ete. Bpeelat Carrespondence of The Tribune, Nuw Yonk, Nov. H.—The people of Chicago marerecently been reminded anew of the dan- gers of fires and the linportance of Lonest jn- samnce. It [8 to the eredft of Meassrs, Ficld & Lefter that thelr list of companies I a good ong~—thero Is not a had Compuny In It,—and, sljbough some are better than others, the com- les will all pay promptly and satisfactosily. Whether that sentence ean bo truthfully writ- fert of numeraous cotnpanies In their lst (n threo months from this date is o problem which no mortal man can solve. Unless thore is o radleal chnge for tho better In the general altuation taforo Fob, 1, it 1aa porfectly safe pronosition to »y Ihat many of tho companies in the Field & Laiter fist will be wound up and retiring from bust- aets, There arc soveral in it which in 1870 peported tholr expenditores fn excess of receipts, and oven If wo accept the plea st tho oxcess was cansod by divl- leods, sn applleablo to somo of thom, thero sre yet othiers which, aftar deducting the dividends paid st your, foll short of carbing o proft, If tils was the net product of last year's experlence, thla year must bo far worse, inasmnch as losscs bave lncreasod and rales decreasod as compared with the figures of 1870, Firos are always on the increase toward Christmas, ani thio old raylng s, ++As the daya bogin to lengthen, fires tegin to strengthon, ¥’ as many companica are finding out to thelr cont, THE LOSS RECORD, Evidently the fire-flend {s no respecter of per- gons or insurance companies, for ho strikes everywhere, Bt. Louls, Chicapgo, Fall River, New Ilaven, 8an Franclsco, and Fort Edward, allsent up o warning cry with losscs. ranging from onc hundred and fifty thousand to a million in the space of forty-olght hours,—an ag- gregoto for those placos of nearly $2,250,000, Tho losses arc ovonly distributed, the companies catching it abont the same In each place, excepting Fall Nivor, whero the Manufacturing Mutuals *of Tthode Island and Massachusctts bore the brunt of the fossos. The plaln, unvarnished fact is, thet upun thele underwriting experlenca the com: nies which have made money aru tho exceptionss l’fi. rule |s that they have not mado any money by this year's business. Ono of the insurance Jour- nals (tho Chronicley koeos n pretty fuir record of Tostes, and this I tho comparieon 1t makes for tho first ten wmonilis of tho last (wo years: 200 o0 4w {e thus nearly $25,000,- 000 in the augregate, and 813,000, 000 in the losses tojho copanics, ISearing 1 mind tho eaormons teductions’ 1n_premiuma during that time, it will bo readlly saen that the compunios aro literally burningtheir candles ot both euds. How long can they stand it? 3 THIS 18 A VITAL QUEBTION. What the peuple of Chicago and every othor community in this country detnand s, not chicap insurance, bt solvent fnsurance/ 1t Is o wasto of monoy to pay for any other, and the sooner that those who have property to insure realize tlls fact the Letter. Tue companies, largo and smsll, aro engaged in a eulcidal compotition for business,—& competition so extraordinary, so un. ‘wise, a0 reckless, nnd so fcree, that it s pnly'ox. plainable upon the hypothesis of Insanity or total depravity, It Is extraordinary, because thoso cn- gaged in it falrly underatand that its recklesancas cn have only oume termination. They notonly wiito riske at lower rates than ever before, but accept larger lincs than ever, and thus duably §mperil the cupital at their command wlhon the hour of trial arrives. The situation fs generally undoratood to be aw followa: Tho larzer companfes (the Kngllsh ullicea included) have con- ¢iuded that thoy can stand about two years of this undercutting, in order 1o burn out or freezo ont, or #omehow run out. the smaller companfes, Evcry one of the lIatter which shows an_imuaired caplial, oF reinaure ounta one In the game for the large gompanies, 'Tho idea In that when the smallor companiea are thus rin out, the bi¢ oncs can ro- flln by an advance of rates all they are losing in cs6 year of recklcssness, The smaller companles fully iinderstaud this thing, and ara resolved not lnfl" way to the oudercuttingao general, and L uumnfi-u that the most_consiatent 'con- torvatlem to Lo found in tlus city to-duy in the midat of the prevaliing insanity Is smong the older aller oftices. In all probabillty “the largoe compenics will Lo partially “snccossfal: thoy will rum out many small. comnanies and agoncics, but tho bulk of tho Istter wlil reniain and” make coms mon cause with thelr more powcrful neighbors for suadvance. TIR PROOYS OF TIIR FORKGOING, e ‘That tho large ollices ars the loaders in the demoralization, so far as it affects, rates on gen- eral rlska, fa 0a certain as tho noonday sun. One of them {s carrying 875,000 on a prominont risk n the dry-goods district, which its larger nelghe bora aro contont (o limit to $30,000. Another car- rles $10,000 upon & ek on which other stronger tumpanies, on the samo bams, ought to carry 8100,000, but really carry only 810,600, Tho En- glish companics, any of them, will insure a whole Elock ©of dwollings at 18 conta per annum (and pay 25per cent brokerage to get tha rlsk), forany imount from ane hundred thousand to a halt mill- lon. ‘One of thom was highly Indignant becauso n Teust cum,;lnyduclln itz polley for 100,000 on srow ot thisteon up-town dwellinge'as collateral, Bruoklyn awellings are writton even lowur than In New York, A **blg Injun™ Hartford company touk & ltno on new dwellinge, wiih the privilego of sompletivn, receutly, st :PJ ‘cents for three 08rd, iod pald 40 per cent o thu broker! ‘CLls sk ihroe years .ago wonlt have pald 60 centel T imall companlcs are losing buginess at these rates ¥ow persons will accept a policy in & 8200, 000 fompany at the same rato that they can recalva one in 8 cunpany with two or thres inililons or ware 31 sasela, aud cortaloly the muall conipanies caus ot go bolow thedo rates. KNow, thero 14 no doubt thotwhen Mo large companice wero united in & thrifty localboard, all standing by a taritt, repre- sentlng adequate ‘ratow that the small compantes id undereut them, aad tofs Is their retailation— Alio old sckival boy eev, *+ You commencod {t," an B4 excuse for u biy boy punching a little one, A FUOBIRCT OF A BEMRDY, Ono might think afterreadiug this description of the situation that the prospect isa hopeless onc, hut this s an erroncous yview, There fan general expectation that Miers will be leas come Panica kiero by Feb. 1. In the first place, there Slready Bave. Lean many withdrawals of agoncy Sumpaulos, notably sume of the Martford and Bos- ton ineiltations, and othors, will foilow. In the dzcond place, there le no doubt wany of the mwuall companies will go into HNquidation, either by ro- uring or a simple relireient from 1 the third place, out Trfeat | b 10the fact thut tho chican Componterare Sad 5¥ waya the best. 1 the funry cOtibuules, £on While sppasci te b, allelug pructices, aro talk Abuscs and rafuing rutes, practical €aluti Onicors of oflicers ol aged {n (o Momt derors g of ratoruiui presoat lk st proce atepe to reforw, -sud in :fil’:::“’l‘l‘l‘-' especially the ” iry- 1ecaiy 30 WpwAri beuiiassy th robis o0 hhu lo the prestnt outlook 1s” durk, there I8 0pain the future, arisivg from the folr causes sLove mecationed, Wheuchor thin movemunt takes form and substance bere, it will Peruoate S dlholuunnlu. i ay e famous 25 per cent ro- uctiun fu rutes boro hu Fcbruaty, 1875, Tapldly ke dawns rutes everywliors Lhrouili the country. fiready some of the companles doing an out-ofe fown Luslaess, which lost thuir risks I tho Fisid & jier dre, bave ordered Philadelpbia sod Boaton policica cancelcd, and it bs uoted by some of our 19adiug city brokery that b compubice aro eiiller Rthelr rates than they were o few weeke oo, flother featurain sho situailon is the probabliity tihe Leglulature will bo called upou to passa 1 "'rqulnu uew companles herealter organized or Sity buslness 10 possvus o capltal of ac icast ) liz colting off new cowpunies and sbing the nuwber of vld ones, tou situstion Suon jusprove for tnose which rematu. TUB ALLIUBR CasE. Rumors of the arrcateof Elijuh Alllger, on :oum of the Commerclal Union defalcation, Ve been In clreulation, but the story is ouly anhll) true. No order of arrcet has thus fur en i.uuv.-d, and Mr. Alliger is stil at liberty. 2 Company ls endeavoriog through {ts of- ::Enwconnukur. . D. Alliger, at preseat of n‘:“ lwpeekal of Loodop, aud foruerly ono of the 4 ot Allger Bros., in the pecaniarysesponsl- 'Y krowing out of the sffalr, sdd & sult Las ot Commenced agatuat both tho brothers for clency of $145,000, dab vwicg 1o sa luterpre- tation placed npon thnir original contract by thelir leyal advisers it In clatmed an oftact of 340,010 ean e slown at once, thus redncinz tho Habiiity claimed by the Company to %35,000, which 14 amuly recured by thelr bondwmen, Thin anestion fnvolves tho differonca hictween sroes and net pre- minme, the contract atlowing n certaln percentaze on uroes preminms, and the accounts having heon baacd for saven veara on net preminms, 1t isnot clear how Mr, 12, I}, Alligercan bo hield reaponstbls for the ains of his brother. tho retired Irun tha firm Jag. 1, 1870, iave pullic notlee thercof, and wroto hin ‘rerlgmation to the Commercinl Unton, which wra dniy accepted, and his name diraps eared femn tha old “fein completely. Danhtions he officiale of tho Commarcial Lniondeem it a nent ylan of adding 10 their crances of recavering the amount claiwed to be due, but §f this1s thelr uitimato ohjet they have souzht it inn ronnd- about way, ‘na thers fsn't a shadow of n doubt that If tha Acfalcation had been kept quiet the Alllgers conld have raised the moncy Lo ratisfy the Com- pany. [towever, it 1s n fu) affair frow the mmnlni, and 'a prospcrous carcer has been bifahted by 1t# dlecovery, GOING POR TIIE ENGLIAIMEX. Tho evident sntagonism between Ameriean and English companies Lias been frequently re- ferred to by theyriter. It Is gathering in such strength end foree that the prevailing opinion is that when the Legialature meets next year reveral achemen of advorao leglelation will bo at- tempted. Oneof them {a quite shrawd. Undor the laws of New York tho deposits at Albany by the Engliali compinies heve been hold for the beus efitof nll American policy-holders, no that the citizen of Chicago, equally with the citizen of Nuw York, had an intorest In the English compa. nica’ deposita, Now it is pronosed to cut off all ontalders from tho bencdits of the doposita held in Albany, with o view of muking cittzeus of other Btates restive under thedlacrinination. The Amer- Ican manaperanf the Enclich oices are quito zerone about the rituation, and there is no question that they bave every reason to be satised. Whenever any nidverso muvementa to restrict compnnles from .Il':wlnml from dolng bueincss havo taken form and shape, movement of pmlllfhmn strenath can bo set on foot. ‘Ihere isnot o hrokor in America who will not teatify (providud he ls Lruthful) that nineteen-twen- Ueths of Lis customers actualiy fer Englieh to American insurance, and In the cities tho in- aurlag ublic wil lmoat invanably takean Ln- Msh pollcy In prefereiice. ‘Il movement to an- tagonize the people’agalnat Engliah fro-insurance companics will be a fuilure for other reasons, It is diiticult to concelve an argument why a company from England of undonbted caponsiblilty should i exciued from tho privilegeof doing pusiness here, which does not with equal force apply to tho excluslon of companica from Texas or Californls, and if from those States, why not from 1ilinols and New Jerscy? TIUSE LISTS OF TOLICY-TIOLDERS, It 18 & bold proceeding, but the ofiieers of the Equitable have resolved to comply with the ro- quest of the Insurance Department, and givo tho Commissioner a list of tho Company's policy-holders aud thelr addresses. The other companles will probably do the same thing, al- though there is much hesitation and higgling overit, The request from the Department under the Iaw of this State 1s equivalent to an order, and 3 refusal to comply might Invoke paina and penale tles which would bo more injurions than com. ltance with the request. The Department clalng lie Jist 04 a quick means of communication with the polley-holders In tho event of trouble, and tho Commissloner has written to one of the componies n very curious lattor, which cndn in & promise to consider the llst confidential and to recurn the llsta o the compa. nios_ whun the term of offica of the present In. cumbent cxplres. No wonder tho companies are nervous sbout furnishing their pollcy-lists. Any onoof them belonging to a leading company would be worth thdusanuis of dollurs in the hande of an rnnrguncwmckcr, and no matter huw assiduously tho tsts may be guarded, ir they are once furnish. ed to the Albany Department they will be copled, There are men In Now York who would give $6,000 each for the ilsts of the Mutual Life, Now York Lifo, Equitable. Mutnal Tleneit, and Con- necticut policy-holders. The persous to be pitied inost are the policy-holders, for if the wreckers got theircars they will bo made mircrablo by the geloyonces poured into tholr cars by the compa- nivs' enemics, through the instrumentality of cir- culars and pereonal appeals. A BINOULAR MARINE CABH. 1t is annnunced that the Bwitzerland Marina Insurance Company will contest its loss upon a polley issued by its agent fn 85 TLouls for #10,000 on thosteamer Grand Republic, This policy scers to Uave been fssued In good faith, but'under n misapproliension by one of the Company's ropresentatives in 5t. Louls, In the bo- lief that the Company desired and Intended to write policies upon bulle. 'This agent was author- 1zed to nccept risks on cargocs, but somehow was persuaded that marine business fucluded hall-poli- cles, and accordingly {ssued a cortificate of insur- auce coverlog the fre risk on the boat In question, ‘Tho manager of the Company for America fa tha Blss Cousul hiere, and, when ho heard of the Joss, wos amazod boyond measure, o fa an lrasclblo Individual, and when, a fow days after the loss, the claiin was ggenishéed by the Sheri® on hohalt of a 8t. Lews creditor, the Switzerland manager ave him n sound lecturs upon his folly n attaching & company which woula not pay. Bince then tho attachment hns been ralavd, andotlier companlos hicro have pald thelr clalms, lut not ¥o the Switzerland, It appears that when the certificate was jssued the Company had not then fully complicd with the Missourl liw and re- cotved tho Stuto authority to transact business, and nuw it by atated thut tho Company will defend finels ayninst the claim for loaw on tho ground thst tue insurance was graniod by an agent nut authorized 1o do business. This ie” rather an extraordinary defenwe for any company to vifor, but the clrcums stances nra pecullur, fnasmuch as the Bwitzerland ook anly a carya busineas, aixd uavur gavo liberiy to any of ita agents to writo upon hulls, TILE CO-OPERATIVE UUMLLG, One of the effccta of the recont fallurcs among 1Mfe-insurauco companies s the sudden spring- ing up ol over tho country of co-operative In- stitutions, called lcagues and aasociations, de- sigucd to supply life-lusurance to membors at a price less than that of the ordinary lifo compa- nies, ‘These sasoclations, whenover applied to 0dd-Fellows' lodgea or Masonic Lodies, or as a wheel within a wheel, aro excollont and pralso- worthy affairs, They proceed upon the fdoa that tho averaze mortality of 1,000 Liealthy porsons of certain agoes (grouped for the purpose) will onable sons (o fnsuro themsolves ot & certain 'be trouble bv, that the luagucs or co-up- atlves uever obtain 1 000 members fn onc of thelr imagined groups, and hence their caicula. tions aro all knocked intw pl. It necessarlly followe thut, as thulr basie 1 delective, the price of inaur- ance must fall (o produce sutiicient funds to pa. osses. 'Thicn the healthiee porsuns withdraw, Bng the slckly aud unbenlthy oncs remain. Thls ine cruasos the morlality without Increasing the num- ber of paylng subscribers, aud the calculations are thereby further fmpalted. Indeed, the whole plan Is defeetive und |4 an fllustration of trylng to get suntothing jor nothlog, Not fess than Afty of these cu-uporaiive coucorus are now In full (o orca thronghout the country, and since 1850 over 2 have been started, and fourished for & time, and Kons dowa, s it wore, Ina night, TUE DUl LANIBRT CASK, Tho recent couviction of Robert L, Case, late Prosident of the Securlty Life-Iusurance Com- pany, for perjury, has thoroughly alarmed Dr, Thomas 8, Lambert, lato of the American Pobular Life, whose trial hias been called twico this week and twice postpongd on account of his flncss, Lambert standa an almost cortain clisuce of belog convlcied, and be deserves It, tno, for hiafolly, Iledld not profitIn bis perjury se Caso dld, aud has not oven the puor excuse of suppoalug the statement which he sworo to was tiue, Lambort know bottor: he was the head and frout of the Loiupany, d it fs sald that the clorke acarcoly unrv‘d to kh:y s oW aper or & of “matches wilhout vv?fnlulun of D Lambert, The Amorican Y-.xpulnrlmml malnly consisted In misropresunta- tlon. Ly wero stolen, for the rei son that ouly a small portion of the "mesets wei valusble, Lumbert did not rmfll by the fraud o: cepting to continue bl ealary, but be manuface tured assute merely as stufing for the Company's statewmong, He did this 20 succcedfully su to bain- boozle u whole board of respectablo fiyurvheads, galled Ditcctors for courteay, and, wheo ho had no further sy for the stuting, bo changed back fo theie original shope. It gume of brag to butmbuy the Imbllc of Lawberts fof which b will pay the penally by scoing blk nanie handed down tu bix chiliren ae lhu‘:nul..l telon, literally o case of **holat with own potard. ™ MOUE GEUMAN IMFORTATIONS. ‘Twa new UGerman companles areabout to com- mence operations in this city, having arranged thelr deposits of $200,000 at Albany. Thele panes oae the North Uerman aud lamburg- Madgeburgh. These compaules, ke the Bro- wen Company sud the Transatiantle, which are alreaay Jocated here, arv only ordinary stzed com- panles, but the peuchant uf Americans for forcign companles 1Mts the Germau companics upon & higher plane than they ara really entitled Lo o fuvx. The averago insurer thinks of all forlym i companies alike, and ranges them alougelde of the vig Euglish cowpaules. ‘The probabliity is thut, when these two uew lmportations are suc- cowstully catablished, “wo shall witness an jnwigrition W our shores of & doren mors Gerwau-Contiustal conpanies, snd about baif of 16 Gerwun agonts 10 thle city are contempheting thu possibility of vecumlug gyueral sgouts of Fuderland cowpanles. Thero 1o a company called the Beriln-Cologue, doing busluves iu Sau Prane clscu, upon which eavious eyes of New York un. derwtltera bave already bocu cast. and it i froal assoricd bwenty pplicativas bave been forwarden 10 1te Lowe oflice L0 secuze andgeacy for New York snd viciuity. TUN BEEWRES' & MALTSTERS', This Cowpuny, which recently levied a 60 per cent nssessment upou ils stockhbolders, s fe- ported 1o be negotiating rolnsurances snd {o have fulled 1o cnuucl‘,lhl n?cumm. 18 will prodably by wound up. FeTe A0 that 1t can ba assatled tangibly, s conntor | . J. FURBER. The Ex-Ménagar of the Charter Oak Visits Chicago. How the Sealing Down of the Universat Comes On. Mr. Furbor's D2fense of the Matthews Property Matter—-Tee Ghi- cago Commitlee. The Fatnre of the Charter Oak, and of Life Insurance Compnnics Uenerally. “Thera ho Is,” sald Jack, tho head porter, ot Hereulenn buld, at the -Grand Parifle. “ Da you sce that heavy-set man, with black hatr o}l over his face, just gog luto the cigar-storel That's your wan," ~ And the reporter, following Inatructions, over- took the big man fust as he halted to cxamine the New York papers. Tho reality did not ma- terlally differ from Jack’s descripilon. The gentleman was large, welghing, perhaps, 240 pounds, with heavy black mustache, side-whisk- eraand beard extonding down Lis shirt-fiont, not too far, however, to hidea hrilllunt dlamond stud, rendercd all the more brilliant Ly contrast with a suit of unrelloved vlain black, 1s this Mr. fenry J. Furber " asked the re- vorter, with a fecling of nwe, as he gnzed on the man aboul whom o much has been written, at oue thne and avother and in one way and auother, In connectlun with the several life-ine surance companies which be has inanaged. BIt 1, replicd the gentleman, in o tone which completely dispelled the reporter's awe and made him feol thoroughly at Lis case, 1 hiave called on you s the representative of Tur Trsuse,' eald the scribe, “to have o lttle chay with you on fnsurance matters in genernl, and fn relatfon to tho Universal Life and Charter Oak Lifo in partieular,” “Let's go up into my room,” wos the reply, and thither the Interviewer and his subject wended thelr way. 41 am golug to New York at 8:30," eajd Mr, Furber, on the way up-stairs, **Was over In West V’lrglnhl look{ug after the Quincmont fur- tince, and eame up here In response to a tele- grat from Judge Higuins telling mo he wanted my testimony 1 a foreclosure sult, UGave it to- dnfl" and now I'm off for home,"’ [y this time the twain Lud reached No. 9, rlor flour, two chairs were tmmoediately made o do the duty for which they are by nature aud custom Inteuded, and tho interview proceeded . s follows: “ How ara the affairs of THE UNIVERSAL looking up since the ‘scaling-down® process was put In forcel" asked the reporter, 44 \Wo think wo shall brlu’; the Company vut all right. Most of the policy-holders who have been spoken to on the subject thus far—ucarly all, I might say—have expressed the oplnton that, under the tircumstances, it was the very beat thing that could be done. During the first sixty dnys, our success was really wonderful, and during the next sixty days we hope 10 com- plete the work." “Won't fou please explain emk what {8 meant by this ‘scaling-down ! busfuess’ “Wel, 1t's just this, You must know that o great part of a life-insurance company’s invest- micnta conslsts of real estate, as is the case with tha banks, Some of your Chicago banks, for instance, know a great deal about that, In'the present stato of tho market, that real estata can neither be sold for what it cost, in many in- stances, nor for what it is bound to bring in the future, when the value appreclates, - When we ware cxamined some time ago, the Insursneg Commissioner put such a value vn our real estute that, by his showing, thero was o deflclency, "It then became s question whether _wo should go into the hands of a TRecelver or. go on, anl wo appealed to tho policy-holders not to let the in- stitution go down. Tho result was that they agreed to adopt the ‘scaling-dowin * process, lct the Company go ou, walt for better times, and in tho cnd, a8 wo belicvo will be the ensc, the real estate will appreciate fn value, and- the lelcy-huldcm will z‘ut their share of the profits n the meantime, Wo say toa man who bas a $10,000 policy, *You pays premium from this tlmg forth on” $5,000. * Call your policy for the time being s £5,000 one, and we will give your premfum recelpts on that, and at the same tine* ‘wo will give you s curtificaty stating that you are_entitled to your proportion on the other ,000 of the proilts of the busluess in tho mesntime, Welly In five, ten, or ilfteen years thg real estato will apureciate Jn value, we cun soll out ut o profit, and all policies wiil be re- stored to the original amounts, All the polley- holders will be placed on the satne footlng, share tho profits of the busincas, and the Com- puny is kept up, which {s what they wagt., The stockholdera In the meantime waive all profits till cvery policy s restored to its original amount.” Bo far tho success of the plan hns beou very general, and durlug the next sixty days wo bellove tho rost will cotno fn." S NOW, AOUT CHAKTEL OAK MATTERS, 1 supposc )mu read with somo intcrest quito n number of artlcles, of which you were the hiero, last summerd*! Ol ns to that, Uye becomo ,used toit, 5o that I dou't mind ft. I've been attucked and abused so much that Pm very thick-skinued now, and the arrows don’t wound me. Dut tho best of 1t is that peoplearc sceing thelr mistake, and are telling me of 1t For fnatance, hero ls n Tetter from Mr. I, C. Turnbull, of Baitimore, the Becretary of the Polley-holders’ General Com- mittee, ~ which states some very curlous things, Onc of tbem fs that tho Chicago Cummiitce was mever fu the Charter Onk ofice fo muke an Investlgation of tho booke, and that they got thelr Information from the General Comiulitee, You remember how flutterlng o tale Gov, Bross told of my munagement of the Oamcnny In his dispatch to your puper last July, Well, for sone reason or othier, wheu bo camo back to Chicago and met with the other members of the Commitics hore, be bad u different tale t6 uufold, Ie had changed bis views. Aud yot his Commiitee nover fuvestigated anything, but got {nforma- tion frotu the Genersl Counmittes. 1t hus been said that George Bherwood made an fovestigue tion of the buuks, but tho fact a1t was slnply a cursory, examinution, aud nmounted to unothing, In Mr, Turnbuli’s lettor kLo says ¢ Your answer to these Ecul!cmun {the Ohicago Cowmmnittes) was adinirable, aud should bo cun- yviudug to auy fuir-umnded wan. 1 betfove you arou wmnq\lyahulcd man—the victin of a pere seution.’ Weil, [dun't wont wiy better vindi- cation than that. Nor do I wunt auy better vindication thau that letter .of Uov. Bross, fu which b speaks in such glowing terms of y muasagement of the Company, In that lettor hie virtually nn'fu that hio #iuds nothing fu ul{ record as uu officer of the Charter Ouk on which bo can muke a polnt,and s left no altor- native but to go for o on my former reputa- tion, That will apeuk for itself, aud ‘take care of jtsclf, But besides all this, I buve lut- ru from Gov, Jewell and Connniasioner Stedmun taking the sawe ground-—that my services to tho Charter Oak woro the mecans of carrying It on us long as it was carried on, that wmy fusbarcment Wad hooest, sud that it cou- ll‘fimlfid 10 ‘the Cumnpauy's success, sud that egret that I should have been made the ject of J)cnucuunu aud the targot for so wuch abl ut o theso days whatover bad things are suid sbout « man travel with llzhtoin speed, while the good that may be eal travels slovg at u suuils paco.” Thero is onc claas of men thot sulfers more than anybody else in these matters, aud that is tho ageats, aud 1aw willye to submit wy case to t]i:u't;y of lumm.ucn agents and ubide by tho reault, ' HOW 18 TUB CUARTER OAK DOING Now]" “Very well, 8o faraa Lcan lear, ‘They, t¢ have adopted the ‘scallng-dowu’® process, and it fluds a fims deal of fuvor among the policy= holdera, 1 uunderstaud that they will probably wfi'{yuma thing throngh. Istucerely hope they w! ¢ How do you account for thochange of viows ‘which the Chicugo Cowmittes apparcutly cang to when they returned to Chicagod® 1 suppose, from what 1 bave hourd, and also from ha letter of Turnbull'y, that the chunce of front was attributable to George Slerwuod, Tunderstaud he v a good desl of 8 sorc-head, —a sort of au oil-horsy who always likes to tako the ot; 5 tu side Lo everything." ¥ [ ‘ou expluln about TUAT MATTUEWY FROPRRTT 10 Now York, which you bought for tho Charter Quk, and on which the policy-bolders bers and -:lwl;v‘l'x?’m seciu to think you made 8 baudsomg ol o ‘That {3 one of the things {n which myactions lave been wlsconstrucd and wisrepreseuted buyoud wessure. When 1 tuok bold of the Charter Oak, I saw one could make no money out of thoss Counecticut River Valley but T aaw that Lus prewiwn notes ought tobe cut down. | saw wo must disposo of thoss bouds. We coulun't get mopey for thew, for uvbudy cared 1o buy thew for'cash, Well, I got a cbance to sell them for this Mate -1 thows real cstate, which was poying 6 per ceut ahove taxes, nsnrance, and repalrs, It 1 could arrange to huy it J thoucht it waa advisable for it to pass throlzil my name and from me to the Charter Oak, and for this reason: Pereons buving real estate from A corporation juquire Into the question as to the right of the corpora- Wont 1o amquire title, and souictimes it hecomes n perfous nhj!ucl!ull when you want to sell. [ thonght if the real estate was convayed to me, il 1 Pourht it of Matthews and then sold it to the Charter Onk, when the time camo thit wo wanted to sell, if anyhody ohjeeted. to toke toe itle of the Charter ‘Onk, I ¢onld foln in the deed. It wouldg't do tu depend on Matthews to join fn the “decd, © Ho might bhe awny when we wanted to scll, or he might bo dis- inclined -t Juin fn the deed withont our giving him a bonus, or he mieht be dead, I went to Commi:sloner Stedman and GQuv, Hub- bard, oitr coungnl, and exolained to them what I propoced todo. Gov, Hubbard sald, ‘Illke tne thing with one exception, Idou't like this ieaol the renl estate golng through hands. People will sag_you tnade something out of .Y i, “Very good; let ft pass through Mr. Ifzde's namc,! ' AIl right,! salil Gov, Tubbard: ¢ ko that better, Youunder- stand it fn solely on your nccount that 1 aek it Well, T went down to New York, andtold ty attorneys there that 1 wanted 1t o pasa tirough Mr. Hyde'sname, They told e toat wouldu't dos that there was an old statuteon the hooks of New York which pro- vided that any convegance of veal estate for tho benetit of r corporation i trust was vold un- leen conveved Lo the compauy dlreet. The con- veyance to Hyde, for the bufpore of conveying 0 Comjany, would be n conveynnce in trust, whilc nconveyanee to me would be dif- ferent, [or the rearun thet I, persunally, ind borgained with Matthews for the sale of © the real eetite. could buy it, carry through the trade, aud ecilit to the Charter Oak.—na responsibility which Ilyde would not take hevause It required incto put out o large smount of iy paper, Then 1 relegraphad to Gov. Hubbard 10 come ty New York, ” We talked the matier over, and fivaily cama to the conclusion that it must pass throdgls iy name, und (¢ dil. When I aeld it o tho Conipauy it patd me doliar tor dollar, cent for vent, just exuctly what 1 pald Matthews for Ity no wore and no less. Taking the whole transactlon,~the mortzage trapsnetion, por- chase of tho real estate, and ail,—I paid Edward Matthaws for that propertyy In cash and In as- suming first mertgages, $1,057,000, una [ gave him the ‘Conucetieut — Valley bonds ot tlxnn‘(m." “Did Matthews ever make anything out of those bonds ien It wasn't such o very bad bargaln for the Cotpany 7 ® “ Well, I"ehould think not, T will give the Clineter Ouk fur that property to-day $1,958,000, leas the morteuge fnennbrances,—just what I puld for It,—and give them back their rallroad and £100,009 for™ the burgain, That very real cstnte rented last year for £237,000, with over EA,003 worth of vacant rooms, to over 400 dif- ferent tevants. Four years ago it rented for over $100,00, and In December, 1874, the prop- erty was appralsed by Homer Morgan, E. M, Ludlow, ol Mr. [azard,of London,at 83,050,000, bought it on their appraleal, and put In the bouds at 81,047,000, and, if anybody wants to buy those bonds to-day, he ean buy thein for £200,000, Thiey appraised all the Matthews property, Incluiling other parcels in Now York, at a littic over £4,000,000, and in December, 1857 when Matthews was hard up, he sold for cash for an amount within B}ifur cout of what they apprajsed it at, Before I made the trade, tho property was aporased u‘muum basis of its pro- ductivences, ovar and abuve taxes, insurance, and repairs, at $8,000,000, Flve-sixths of that property Is within 800 feet of the Stock Ex- chungre, and tnere Isn't a single piece that Is more thau 500 [ When Government bonds that draw of worth par, what fs -uch"ns that, bringing in 0 per cent, lsu't worth o B “Uencrally speaking, Mr, Furber, WHAT ARE TIE COMPANIES TO DO to get out ol the bad odor into which they hava tullen~—eome Justly aud some unjustiyl Is there anytling” to o done In the way of re- jorm *“I'hint Is o difficult gucation to answer, and for this reason: Lifc-insurance companics with large smounts of mouey huve invested In loaua upon real estate. The future prosperity of tho companies, of course, depends Lo o great ex- tent upou the appreelation In value of real estate. If we have got tu the bottotn, we have Kot to tha worst, If wo laven't, noman can predict what the future into bo for life-Insurunce. look upon this depreclation aa temporary, erowIng out of the peculiar coudition of affairs. 1think for a sure and certaln fnvestment real cstaty I8 prelerable to unythlug else, but it wun't do to selze upon a time like thisto fix a value upon the real estate belunging to o life- {usurance’ company. 1418 simply impossible to tell what it will be'worth years buuce. There is Just this alffercnee between a Mfc-lnsurance company and any other flnancial fustitution holding” real cstate: Ilers 13 a bank, for Instance, that lolds todlay balf a miilon of real estate. Tts” debts are payable lmmedlately to its creditors, who may ¢all upon it to-doy or te-morruw to pay. 111t cannot convert that real eatate into civuey, it must break. A lifo-fusurance company’s situ- ation s cntircly different. It owns “half o million of real cstate, it bas oblications out~ standing pavable fn, say, twenty-five years from now, drawing Interest at4i¢ per cont, Now, where I8 there s man that would pretoud to say what that real estute will sell for to-day u cash, or what it will sell for i'nnr- benee! 1 think that Mlc-nsurunce companies, as o cluss, are on g sounder basls now than suy other financial {ue stitutions, and for thls reason: their debts ore not immedlate. They are not to poald for a good " many yuars to cone, and It makes lttlo diffcronce to thet what the property 18 worth to-day, If they don't want the real estate, llwy can hold 1t, aud Larry it until tines improve. 4418 THERE NOT A CIIANCE FOR RRFONM in the cutting down of otficers’ salsries and running cxpenseat’ S Well, Ithink the salaries and exponses of other fustitutions will not full far belind thoss of lile-Insuranco companics—it they do wot 2o ahead, Whero thero a ‘rallrond or other business enterprise, requirlug an equul amount of capital, and where so nuch isat stake, but whut pays as ldvyco salaries as tho oflicers of life-Insuranco companies recelve 1 Look at your bunk I'residents, and your Presi- dents ot rullronds. Thoy get as high enlaries, relatively, in Now York' at least, us the life- insurunce ofticers. [ think mysoll that during the flush tinies in fe-insurance, In 1867-'8-%), and up to 1873, In tho fleree competition for business, the expenscs of management were too ‘large. ‘There's no fquestion about jt. Hut the compunies have seen the crror of thelr ways, and it has been, ana {8 belug, corrected.” * Bagguee,” yelled one of the porters at the door, and the futerview waa brouzht to an end. OIL IN PITTSBURG, 8pecial Dispalch (o The Chfoago Tribune, Prerasuug, P, Nov, 2h—Thero is consider- able oxcitemncnt among ofl men hero over tho discovery of what are considerod good indica- tlons of petroleum ln paying quantities within thocltylimits. The strikv was made by H. W, Cimiottl, a well-kuown pawnbroker, and the locality {s the Sixteenth Ward, For a long time familica lvinz on the premiscs have been un- able todrink the water, owing to tho presence ofuilln t. A quanity of water was pumped up this mornfng which yleldod a constilerable quantity of oil,—cnough to encoursge a uumber of cltizens to form & mmnnn{ and sluk o well, It would not bLe surpristug If tho movement should open up a rich ofl territory fu the heart of the city. - Indicutivus now polnt that way, " SAN FRANCISCO ITEMS. Bax Fraxcisco, Nov, 2d.—It has beon de- cldod to break up the Pacific Mall steamer Con- stitutlon, Yecently dsmsged by firo aua scute tled fu the bay. Joln E. Day, late Vico-President of the Kear- ney faction of Workingmen, has seceded from that organtzation, It is belioved this will have a strong (nfluence in breaking dowu the incen- diary wivg of the movemuat, and result n tha organization of 8 new labor party of respectable character. Preparations are ‘goiug ou actively for Thursday's parude. A large turnout 1s au- tilpated, RIVER IMPROVEMENT. Bpecial Diwitch (o The Chicago Triduna, Br. PauL, Minu., Nov. 25.—Tho Chamber of Commerce to-day accepted an fuvitation to seod a delegation to the Cunvestlon ta be held Dec, 11, at Brockluridge, for memorializing Cougress for thy Improvemcot of the Red River of tho North. A committce was fnstructed to open correspondence for ascertalnlug what advan- taies can be had fn shipplog h(y‘ the Mlululp‘nl River and Gulf routs, what being done in Lowerluver L-un:umhlwln;i. whother wheat can Lo shipped through the Gulf, ete. The Lust Ditch, KANKAKER, 111, Nov, 23—Blisa Butherland, of this city, ls :ntmzw [ uk{lnx & diteh seven wud a balf indics loug, from the 5,000-acre tract of swamp-land Ju Newton County, Iud., belong- fng to Giatl, the Clociuuatl brower, to the fro- quuls River, ju the uortheasteru of Kauka- keo County, Tl Tue ditch will be clzutecn fect wid ot the bottow, thirty foet wide ut the tov, sod Wil be four fect decpe Af one pointyin our” its course, where it intersects a sand-ridge 1,000 feet wide, the diteh witl be eight feet deep, Six ailes of 1he distancn is traveled after lcasing Mr. Gall's land. Healdes this jmmense outlet there will e thirty miles of ditehing done _on the 8,000 ncres. The work will keep from fifty to a hundred men cmployed all next scason, and the cost will be over £3,000. At s cost of £t per ncre the land enn ho made worth $30, where itis now worth 83 or 83, MARINE NEWS. THE NEW YORRK WITARFAGE LAWS, Rugtato Agitator, Koo, 34, ‘This week wo conclade our trip to New York by the water route. (In reaching that city onr boat is visited by an In. dividoal of amamed pomp, who demsnds the wharfago assossment. This sasessment, or charge, on boats runs from 50 to 75 centa per day. ‘The lessce of wharves urint the Tweed robberact :m the back of recelipts, with the following In black ettorn: 1757 v wharinds Wil o6 CRrarced oy raw s TeA! These wharves were bnflt in navigable waters for the accommodation of the trade and commerce of New York, a State charter sutlorizing the same. Thin net was passed when Twoed hiad full control of New York, Private (ndividuals, principally stockholders, rent the wharves, Wharfage s charged at Alhany, Phlladelphis, Bridgeport, New Haven,andifartford. There Ia no State eastof Con necticut which charges snything for wharfage and dockage, When we get an order to unload, we proceed to the clevatur deeignated by the consignee, where tve are charged for elevation one-half cent per ba, For what {a known as wulghing one-half a cent pes bu |8 charged, which the grain paye. Tihen, 1t In atated, we sre under ihe necessity ol belngsubjected 10 tne elevator for what we are short according {o thelr weighing, That, it 1s claimed, amounts to from 50,000 to 75, bn of grain each scason, We are not allowed to ecttle with the regalar con- siznee, but must do no with the scalper’s receiver, who, we have been Infurmed, whon shortage, such a8 already referred to often occurs, charges from one to five conth per bushiel for tie grain more than it is worth, ~This con«ignee gots & per cent of the elevation which boatmen puy. PRUDUCE EXCHANGE. Let un take a look Into tue operations of the above-nanied institution. At the commeacement, ond for some time aster, it cost only &5 per yeae te do bmn"i‘s on the Produco Exchange, In 1870 or It was turned juto a company, the shares placed at nd the annus pay of $25 charged, Bho{a{ after the stock was raised to 8250, then to $34, and Qually to 21,000, whero it now stands, lare we find the groat liead and front of the great arai ting, the rallroud mnd elevator rings, It col prisen compuratively few members, and those har the wonopoly of the grain trade and manipulste the insurance rings. COMPULSORY PILOTAGE, Qur cargo of fimln being deposited in an elevator and our boat unlonued, we now turn our attention 1o shituping, vne tuing onl{ in cunnection with the #ubject we take ap—that ls, Compulsory Pllotage, Many years agv an act bocanc law for Lhe purpose ol sustaluing this practice. At that tine steam navlgation as peneraily appiied was regarded as one of the Impossisilitics by the nou-progecsaive tnaeace, 8 o at that period was, perhaos, a neces As this time. however, when ocean uavientors are as familise with New York huriwor 2 with the otter ports which become their respec- tive but frequent points of destination, this law is slmply #n abuse. Under this compuisory phlot- sgo law which is enforced at the present time, If & vewsel leuves tho hacbor withouta pilot, notwith- standing the competency of bher magagement, rho {s liable to selzure, It requircs from five 10 #1x bours to takea #hip tosea. For that time. and dulng in fact nothins, the pilot maken hia bil) out for from £30 to 8100 oud upwards. i to outslde of Saudy Hook, for which celves payment of bis bill. There are as many oy twenty-two pllot-boats in New York. For Heligate pllutage the law demands that every vea- wel over 100 tons Lurden must pay balf or full pllotage, —balf when the scrvices of the applicant sre not accepted, —excent veanels haling from Suf- fold County, Nuw York, which are exempt, This pliotage awounts tu 85 to $U0, according to the #ixo of the veseel. If the resscl] ref 1o pay fur services that are not needed by ber, she {s aclzed and beld liavle for the demands. ‘Wo have given much enlightenment to the pub- e regarding transpartation via the water-route, and the shuses to which 1t fw subjected; and hay- Ing now finished vor trip we shaill Lereafier, as tho oecaston may require, feariessly and independ- cntly commenut upun OUF experiences, THE MAGELLAN. The 1fon, Issac Cockburn; who had a half In. tereut in the {ll-fated schr Magellan with her lost Master, passed throogh tho city Sunday with the remains of Capt, John Delyea and his brother, Joseph' Belyea, en routo to St. Catharines, Ont., where the unfortunate men formerly reslded. Mr, Cockburn reported that the wreck was bottom ap, snd had drifted foar milos south of wheroe it was eight or ten days ngo. e sald no effurt would be miade to investigato the canes of the mceldent, for the reason that there was no inrurance on the hull. Thos 1t s probable the monner In which the nl'uhunlu; went down will remaln another roystery of the Jakes, Inan interviow with Capt. Thotnas Loyd, of the rop ilurd, a Milwaukeo Sentinel reporter was in- armied that ho left Manltowoe at 10 o'clock Friday morning, the 04 inst., and noon after besding soutliward began pasaing the rubblah of & wreck, — pieces of bulwarks, deck plank, an empty come Lox, otc.,—and he ‘told the mate “that ft f & schooner had gone to pleces. He finalty came upon & plece of wreck which had the name **Magellun ™ patnted upon It in black lete ters, The Captain made out the name to be **Ma- quorlan,” or something like tust; but the nat cook, and one of the others made 1t **lagellun," flo fld not then know of the wreck in lhe bay, Upon lifs way north on bis last tnp bo informed Mosars, Truman & Morve of having run through thy wreckago of 8 vessel. ‘Tho Sentined till clings to the theory that tho Magelian got upon she outer end of Two Rivers Point, and rotled over or capelzed while at anchor off tho poiat. LAID UP AT CLEVELAND. Tho following vessels have alrcady lald up at this port: Bteam barges Chamberlain, Sparta, Iliavana, Vienns, Superlor, Mary Jareckl; tugs Saumson, Constitution, Anna Dobbins, Brady,Tom Dowling; schrs Allrs Cobb, John Martin, Alrab Bradley, Thomas Quityls, David Wagstaft, J, F. Card, Sandueky, Shawnce, Mele: Sumatrs, Uenon, Verona, Nelllo Nedingion, L. C. Butts Selkirk, C. H. Johnson, Narraganseit, Charles Hckley, Dalama, C.J. McGill, Goshawk, L respondent, Edwin llarmon, King Sisters, "Fhom: Gown, Active, Three Drothers; and the scol Mary Brocze, Palmer, Frosmau, Butcher Hoy, Uun, Sheridan, The lumbor barge Dresdnaug! alvo laid up bere, -‘There are quits 8 pumber of other vesacls that will go Into quiirters hore as soon as they arrive, sud moat of them are expected withiu a fow daye.—Zerald, 24¢A, BUFFALO. Brryavo, Nov. 2. —Charters—Props Passalo, cement 10 Detroit at Go freo on board; Kershaw, coal 1o Milwankes at $1.00; City of Dalath, coal 10 Detrolt at 80¢c. Clestances—Yrops Davidson, 1,500 tons coal; Avon, 900 brls coment; Vanderbllt, merchandise} CJ. Kmhuhcla‘cfixo' cillr‘ of Duluth, 300 tons oal, Detroit; son, velsnd, for Alpena; Tox iz W Unrdnen; Chicagos sebe Barprse, " siit waukee. Vesauls passing Yort Colborne Lock for the twon- ty-four hours ending at § o'clock Nov. 24: East. ward—Props Clty of New York, Toledo 1o Ogdens. burg. u\?o-tw;nl—xonm T°ORT ITURON. Svecial DisvateA 0 The Chicugs Triduns. Poxr Uvnox, Mich., Nov. 26—10 p, . —Down —Props Bt. Juseph, Moutana Asis, Soveruign, Palrbank, James Fisk, Jr., Colorado, Geordo Kiag and barges, Jepan and consort, liallentine and consort, Mayflower aud consort; achre Sea- 11 ?munllxw i f'x:?."i'lmfl:"a. Newburgh, brops Ueato olp! aikierbilt; scnre J. Kolderbuuss, Mtrian W, Py Ban Diego, Theodore Perry, Winona, Wind—Boutl, fresh; weoather flue. THE TOWING TARIFF. Veossel owners and masters are beginning to ln- quire whether tugmen aro golng Lo charge full rates sfter Dea, 1 or pot, 'Tho practice has been in pre- seding seasons to take off 30 pur cent from towing bllls patd within thirty days, but, as thore hasbeen o anuouucement o 8bout the matier, owners ary interested to know haw it 1s golng to by year. MARQUETPTE. Buecial Dieyaich 19 The Chiougo Triduse. ManquTTS, Mich., Nov, 20, —Cleared—I'rop 8. E. Bheldon. Passed down—Prop Winslow. She will be tha last boat to leave thls port for below pulnis thls *°Wikd norttiesst, freah. Wosthor ralny. LAKE FREIGUTS. Or10A00, Nov, 20. ~Charters wore mada yester- day and lste Baturday evening for about 200,000 bu corn. ‘Tha schre Cornlng snd Nlém;.hon wero taken Saturday afternooa for corn to Brie st 3i(c. . Prldgeon lusds corn for Ba; and et Pl Bt o f0, S NAVIGATION NOTES. Cuicago, —The 1ittie huoker Clara broaght & car. g0 of potatoes from the cast shore yealerdsy.... Twenty-five cargoss of coal bave arrlved in port slnco Satqpday mornlag, ... The naw schr Ruther ford B. Hasyesarrived st 85 Joo from Escensba yesterdsy, with iron ore....Om thoir ar- rival hore the stcam-barge Favonte aud consorts wil lay wup for the winter .., There wero about thirty lumber-laden vessuls st the markes yesterdsy, and about balf of them bad their canvas on, seady for anothes tdp befuse tho resson cloeee....The achr E. P, Royee had her malntopmast hmernna‘}-r-mn]fl by eollivion with the schr Ellon P‘pr{‘. he seefdent happened In the main river ...The LAvi Grant had ner $ib- m broken on the Tamber market yeaterday..,. The nrop Egyptian got acround near the mauth of the harhnr, and had to lighten aome of her enrgo Jehtertay hefore aha coald get away fram port. he canal-echooners Pulaeki, Folger, and re among the Inte arrivals from Oawewo, They broaght cunl, The master of the first-namederes- #el reporta havlng seen & namber of grain-carriers off Sheboygan Satorday night bonnd down. O1i1zn Poitre. —Renorta continue to come from All the Iake ports that craft are Jayine up....Lake o has nearly woand up for the scason at ‘Toledo, bt two more Inmber fects were expéct- ed from Eaginaw. steam-barge Jarvia Lard could not o hinthor at Ren- oeha on account of low water, and returned to Milwaukee Satarday and _transferrea ugonlvm of her load to the schr C. 11, Tlackicy, Which reare) was to have been towed to Kenosfia bya tug .. The new Anchor Line tag Eric has arrived at tho port of that pame, from linflalo ... The. ;flp City of Montrea) has laid up at Toronto. e re porta and Dertscliy will lay up at Cleveland Threg iSrothera ha« arrived at Clerel and Iald npatthe Clercland Stlls dock, where her carw of 22,000 bu of wheat will he faxen out as ro- guired. .., The schrSouthwest has obtained $1.1215 rr ton for a cargo of coal from Nandusky fo Milwankee. and fs now on her way un....The stmr Usear Townmend will rocelve oxtensive repuirs at Cleveland during the winter....The Unfon Com- pany's prnq Newburg {8 on her Iast trip up for the reaton. ... The coul-docks are barer than they have becn knowa ta be for years, rnd there in verv little coal to go forwar....The rchr Parter has faid np at Milwankee, . renra 8, L. Wateon, Our Son, end Wayne were wind-buand st Milwankee Sone day. T he{ are bound down.... There were 102 pa- tlents treated at the Matine llfl;pll:l at Cleve.and from May 1 Nov. 24, The United States ys G4 cents per day for cach marine patient treated at the Clovelund City Hospital.” Open hatchways gre the teaps that catch the sallors maet, according to the Marine Hoxpital Burgeon at that city....Ine Torouto (itobe of Saturday reported the niarbor theee as crowided wlth erafte, mostly coal luden.... The prop Gordan Campbelt left Detroit Raturdsy night for 2filwoue kee with 130 tons bf canned fra't,...The Fleamern and coaeters Ienvlllfll)clrnll for Lake Huron ports are now on their last trips....The steam-baren Daver has been repalred nt Detrolt, and has lefe for BuiTalo.... The steameharn: Powers in in dry- duckat Detroit....The tug Coo Is wrecking the Kot Itoy, ashoro at Wankezan.., ft_is feared the Briogewater has broken het back at Petoncay. e The Custer Mussacro. Sty Louds Binbe-Demecrt. Abbot Martin, Buperior of the mionasters (n Bpencer County, Indiang, {s now fu 8t. Louls. He was at Sitting Bull's cxmp a short thne ngo, and while there aad severnl talks with Sitting sutl and other warriors sbout the events of tho Custer campalgn. Of the massacre the lu- dians spoke (recly, not iv a hoasting wav, but us IE videntlal event ondered by the Ureat Spleit. Thelr theory wus tha the while men were com- {ug to kil then and thelr squaws, but that the Great Splirit put it in thelr way to completely overpower the whites and kil thenr, Sitting Bull and his warriors sald there hud been no such fight as bod been desceribed in the American pa- rcra. The soldlers were too tired to fight. Thelr 1orses werg broken down by hard travel and no foud, aud they Lard been so long fu the sadlile thutl they were overcome by sleep, The Sjoux fell upon then six to one. " The aoldicrs were cuul\). etely surprised, aurrounded, terros stricken, " Their “annililation was the work of only o few minutes, But tew ahots were fired. “Qur powder was scarce,” sald Sittiog Buil, 4 and we Killed the soldiers with our war-clul We did this to save ammunition. The soldic could not fight; they weru too tired; they wers klll'c'd 80 quick they did not bave time to gkt us.’ i Concerning Gen. Cusper, Sitting Bull safd noue uf the Joux knew hint or recognized i in the tight, He was killed like the rest, and neltber he norany of his olllcers Lad tine to make reslatance. ‘Lhe 1oss of the Sioux was tritllng, the sulélers firing only o fow shots. e nor nune of the wurriurs know Custer pere sunally, nor did they recoguize any person as leader of the soldicrs. ‘They did not kuow Custer as * Long ltar.* - Nefther be vor any other soldler bad tlmo to kil the floux worrlors. Bitting Bull and other braves were able to duscrivo sowe of the dead bodics where the peenliorites were marked. Abbot Martin tulkud to the voune wartlor who killed Lieut, Sturels, ‘The tdentity ol Sturitis was established becauso hu was the only uniforined oflicer who hud no bieard, that was 80 young that his beard had not vet lud time to evelop; certaln peculinr tarks on tis face aud hoead, and ursicles of juwelry taken from his clotbing, which Jett no doubit of his Identity, Otber ollicers were identilied after death by slmilar circuinstauces, but the fiybt wan g0 ‘quick und decisive that thers was o thue to distinzuish the ofiicers from the men. 8ltting Bull said that be bad eleven days® wurn- g of the apvroach of the solulers, and that he was fully prepared to annibllate them. THE TABERRACLE, KELLOGG crano comainaTion ARY CONCERTS. MAX BTRAKOSCH... 8. BEHRENS. ..Dircotor. ...Conductor. TUESDAY EVENING, Nov, 27, * THANKSGIVING EVENING, Nov, 30, AT WHICH WILL AFPEAR Migs OLARA TOUISE KELLOGG, Miss ANNIE LOUISE OARY, Mr. G, A- CON: nr, ALFRED H, And the IAYDN ORCH er tho dire tion of Mr, ARTILUR RESWOLD, Tickets, 50 cte. Rescrved eats, Tocand $1.00, tescrved Beata cau be dvcured to-duy at Roat & Sons Music Co., 104 State-at,, and at the Tabornu« cle In the evening T HOOLEY’S THEATRE, MONDAY, Nov. "—-Tr'iFuf—;“‘ of 1bo eminent MISS MAGGIE MOORE and MR, J. C. WILLIAMBON, 1n thelr great American Draus, STRUCK OIL, Written expresty fur them and played by them upwards St bt e A n-’mf‘?fiifiuu Te! the UNION KOUAKE THEATIE, MW will be produced with sli the MAG- ¥ BEN3AC v Mc Letvin ety SHeral Mr. Louts Alarichiin his ortginial ervation of the Pare son, Mz, C.°F. Parloo specially cugaz:d to play the Cllosman, A wonderfully strong jheavinual ot throughout. Thankeiving Matinee st 3. Wodnesday sod Batuniay Mattn Neat woek ~OLIVER DOUI MeVICKER'S THEATRE, T.IT.T.TAN: ° OB WOMAN'S LAST LOVE, Every night aad Thursday and Ssiunlay Msiinee, Thisclianiulag draima Is & popular success, and ""ul:;‘ o b':’lnu catire press of the cliy vuoof the : T e e OIS wnbRES i 5 WCORMICK HALL, " LECTURE BY WENDELL PHILLIPS, MONDAY EVENING, DEQ. 8. BUBJECT... FINANCE lsslon, 50 ceats. Rescrvod beate 73 oents, Re- Scrved Scats'can be Lad ou aud aficr Friday Mufnlug, o, 2 o4 fluot & bous Musly o oty sud Wt pla Llsrary, 230 o M L Sharinit Ninerieas Il 1000 at 30'clock: two Groat Dramatic Bt TRLATOROR PASt (g Frobrynate e In Thriliing Drawa ot lotroducing Ik Ed il 1 a1 -I.HXUNO u 1 Ir gy Nov, 20, Admnisslon, e, 35e. and S s A paor Milk Wine. a do- LUclous perkilug buverage, fanious Tur 113 favtrorating. snd fatleaing qualitles, speclaily usetul for o Bifglsy,, und tor clrcuisee, A, — ND. ?:'nmm. 17U Malleon-s _WINTER RENONTS, WINTER RESORT. Royal Victorin Hotel, It .u‘n(r’ sty 6, Prop'ni MaLinn. B e O e T BRATua, Sew York. "A l;l}l‘llfl TINFA TABLE. ARRIVAL AND DEPARTURE OF TRATS, FXTLAXATION OF REFRRRXCE Manxs.—f fatm; i’l;':l'l';m ¢ Sunday umpuq.n :)l‘ml-" 1_* nmn’:‘ta AG0 & RORTBWESTERN RAILWAY, Ticket OfMces, 02 Ciark-rt. (Sherman Ilouse) andsd the dnpota, aPacific Fast Linn, n8ioux City & Yi Hics abiubugue Day o nabnbuque Night Ex. via &'ton . AUmAlA Nizht Fxpres am. agioux Uity & ¥ o aFmep ] P Ferop't, it i dustwankoe oo bMiiwnukee Expres o LMliwauken Famen g o am Ba ) p. ML [ )b, . 08 m 5 9. m, 15 a.m 3 e m Iiliman Hotel Car aro run thranah, betwean Col :Ti:;l_::u‘llcmmufl Blufte, on thetraln learmg Chicagy Noother rosd ruos Pollman of any other form of hotel rare west of Chicsgo, a=Depoy corner of Welia and Kinzle-sra, b—Dwpotcorner of Canal and Kinzle-ats. CHICAGO, EURLINGION & QUINOY RAILROAD. Lepats foot of Lake-at., Indiana-av. and 8fsteenth-sr., And Cannl and 8 h-sta, Tickey Officos, 50 Clar] 2. |_Yeave, | Armive. fonduta & Galesbnrg Express. Ditawa & stevator Laprem, g ASSENTOT, .. Mendota & dtrestor 'asecnger. Anrura Pavange Downers Grao Fruvort, o Pullman Palace Dining-t'are (used for eating pur. ;'4?1'! oniv) el Puliman 10-whoel Sleertog-Cars (used aF sicenlitg purposr, otly) ar ritn botween Chicaga and Omaha on the Paciag Lxpress, CHI0AGO, BT. PAUL & MINNEAPOLIS LINE. Ticket uilices 1 CIark-at, snd st Kinzie-street Dopot, Et. Paul & Minneapall 6 paut & Mol CHIOAGO. ALTON & BYI. LOUI3 AND CHICAGO KARSAB OITY & DEAVER SHORT LINES, Unlon Depot, Weat £lilry, neur Sa lsones:. hridge, aod 'A'l‘clllrlnlll'\!'n. “Ticket Oflice. 122 Kandoloh-at. nsas City & Denver Fast Ex 9 Louiné Speinzfeld E: B, Lauls, Suringl & Peuin and Peorta Peortn, Keuk Chicayo & Pad Hireater, Ly CHICAQO, MILWATREE & BT, PAUL RAILWAY, Cnlun Debot, vorner Madlsoa aod Camalozts. Tickos Ulice, 64 South Clarkeat., opposite Shierinan llous?, and at depo. Ty, Stas el _Jand though Nizhi ,,;;"‘,", fimina e vin. i s for S Faud MUnncapoits are gor 7 yin Madisan aad Prairie du Chion, of via Watertowi, LaCrose, aod W |nops<' £t Jonts Exora onis Fast Li X Now Uy ¢ Ki 2 phrngdeld i curia, {turlin 0 i ke CHICAN CENTRAL RAILROAD. t, oot of Lak iud TU0% Of £ weat or; }, oot = -t lark gt Exjress (Laliy Sl G FITTSBUES, FT. WAYZT, & CRICAGD RATUWAY. Dy ot confer Eonal ai ]l Shaiiewi: 49, l";kl‘l Otleey, NG £ iluise, v e iltel, BALTIUORE & OHIO, * Trains leaya from Exy oest, Tieket Ol Grand 1 d &:400. m. H140p, m, Morning Mail—01d Lt Y, & buston 8 o % & buston Aitaritle Express, daiiy.. Rlelit Kxprtas oes oo PITTISBURD, CINCINRATS & ST, LOUI3 R R. Dregot curner of Clluton und West Blde, Arrive. N0 & 1 S D0 $axup . m. 2 . CHICAGO, ROOK ISLAND & PAOIPI0 EAILROAD Duput, cornor of Van liuren and Soeruian-sls fleket Uitice, 3 Clark-ak, Blruien lvuse. Leave, AiTive. Omaba. Lesvenw'th & Al Kih Ao ion A NAVIGATION, GOUDRTCH BTEAMER3 For Milwackeo nud all West shore , Suuday excepted. ‘bulunday's trat dun't €0 u Friday worulng's boat woss hrduzh’ 1o Al ; Mautsiee, g Pentwarar, J!lmus Dally, saturday uid 3unday excaptod, st @ & M Otconin] docr 1ot Mohisnar " A Resvy Dacausan 10, BEMINISCENCES OF DANIEL WERSTER DY Tk HAKVEL. - With Portralt, a7, v2t Full Leagtn Ehetel of Alr. Wetster, 1o I'I:»Jmul'lt'ullllms. 1 Aweni tirewn Harbor st Marautields Librasy at daran- Rsldy siatue ot Contral Park, how YOrk. dvo, 83,00, DICTIONARY UF AMPRICANISMS. Fourth edl- How, - A Glosary of Words aud Phrascs usually ra- anied 89 pucaliar to the Unlicd sistew. Dy (uassLl, HALTLRIT. Groatly huproved aad eularged. 'rice $4.00, LITTLE, BROWN & 00, Publishers, 254 Wasmisazox Stuxav, Bostow. DUCATIONIL. SHEFFIELD SCIENTIFIC SCHOOL OF YALE OOLLRGH, Courses In Chemistry, Fure aud Appliod, ta Ctetl i Dyoamic rlnfilnm"x\n: oA re St Zool ra e M kY, o B¢ in Genel iy . Fleach, aud dermias, HR S We upen the sesson with fee. HED KA more an'd doer imported Ger- Tugue, ¥ ¥EI wholesal und rotail dealir, 127 Clark sl Clileago, _BIRLN, L Dinds Luso over. $E500 wand Liiras, Fisi A T MAIR GOODS, e rluins or (a5 cud for, (' ta- i 4 BARATOGL WAVED cca Lroubla T gl 1 ol T SR TR 1 SON'5. 210 Wabash-nv: et sldiadet ol NP1 0 Y ol Presarvative. The only Be hiok sures .l}h:ul aGdidual moass. . pemsenl, Gl miwle Doivdpin: . PRESORIPTION FRER, e eyt S o U S SR it