The New York Herald Newspaper, December 8, 1872, Page 9

~ FRANCE. The Chairman of the Committee of Thirty at Interview with the Presi- dent of the Republic. Cabinet Comfort and Rumors of Ministerial Re- organization—Departmental Agitation For Assembly Dissolution—M. Lonis Blanc's Opinion. * TELEGRAM TO THE NEW- YORK HERAL®. ~~ Loxpos, Dec. 7, 1872. M. Aadiffret Pasquier, the Vice-President of the Committee of Thirty of the National Assembly, called upon His Excellency President Thiers during ‘the evening yesterday, when @ friendly conversa- tion ensued between the Parliamentary repre- sentative and the Chief of State, OABINET CONSOLATION WITH A PROSPECT OF RE- F ORGANIZATION. Thggovernment situation is, it ts believed, im- proving. It ts rumored this morning that M. Goulard is to be appointed Minister of the Interior, M. Léon Say Minister of Finance and M. Fourton Minister Of Public Works. BEPUBLICAN AGITATION FOR PARLIAMENTARY DIS- SOLUTION, At a meeting of union republicans yesterday, at Credin, in the Department of Morbillan, speeches were made and resolutions adopted in favor of a speedy dissolution of the National Assembly. M. Louis. Blanc presided over the assemblage. M. Thiers and the Men of the Thirty— Cabinet Inclination the Party of the Right. Parts, Dee. 7—Evening. It is reported this evening that M. Thiers and the Committee of Thirty will act in unison in elaborating the constitutional proposals to be @ubmitted to the Assembly. MINISTERIAL REORGANIZATION MUSTER, The appointment of M. Goulard to be Minister of ‘the Interior; M. Leon Say, Minister of Finance, and M. Fourton, Minister of Public Works is certain. RIGHTING TOWARDS THE RIGHT. It is also announced that M. Calmont is to be | appointed Prefect of the Department of the Seine, ‘which ts regarded as a concession to the party of | the Right. Towards GERMANY. oe ees Progress of the Prussian Counties Reform Bill in the House of Peers. TELEGRAM TO THE NEW YORK HERALB, BERLIN, Dec, 7, 1872. ‘The Counties Reform bill passed its third reading dn the Upper House of the Prussian Diet to-day. A ‘umber of amendments which had been proposed ‘were withdrawn, and the bill passed in the shape 4t came from the Lower House, The final vote will be taken on Monday. A DISTINGUISHED SOLDIER IN OFFICIAL RECESS. General Von Roon has left the Ministry of War for an indefinite time, although he has not formally tendered his resignation. ENGLAND. —_-—__ American Citizen Respect to the Memory of Horace Greeley. TELEGRAM TO THE NEW YORK HERALG, Lonpon, Dec. 7, 1872. A meeting of Americans residing in London is to ‘be held at the Langham Hotel to-night to devise means for paying a tribute to the memory of the \ate Horace Greeley, SCOTLAND. eae Municipal Honor to the Leader of the English | Parliamentary Opposition. ee 10 THE NEV NEW YORK HERALD. —~TLoxpox, Dee. 7, 1872. The Town Council of Glasgow has voted the free- dom of the city tothe Right Honorable Benjamin Disraeli, who is now on a visit in the Scotch muni- <ipality. It is believed that the visit of Mr. Disraeli, which 4s made primarily for the occasion of his installa- tion a8 Lord Rector of the University of Glasgow, will be taken advantage of as a fitting opportunity of rendering marked civic honor to the ex-Premier, A meeting of leading conservatives of Glasgow and the West Scotiand is to be held for the: purpose of considering the advisability of inviting him to a public banquet. SWITZERLAND. | Election of President and Vice President of the Confederation. | TELEGRAM TO THE NEW YORK HERALD. BERNE, Dec. 7, 1872. The election for President and Vice President of ‘the Swiss Confederation for the year 1873 has re- sulted in the choice of M. Ceresole for the former | eitice and Dr. Schenk for the latter. THE LOUISVILLE LOTTERY. Official Drawings of the Kentucky Li- | brary Lottery—A Prize of $75,000. | LovIsvILLE, Ky., Dec. 18" The managers, trustees and many of the ticket holders of the Louisville Library Lottery met in Weisenger Hall at six o'clock this morning. Owing to the early hour not over one hundred were pres- ent in the audience. The placing of the tickets in the wheel occupled some time, and at a quarter to nine President Durrett announced everything | Teady. The blind children were then introduced amid the breathleas silence of the audience, which by this time nearly filled the spacious hall and gal- | Jeri The orchestra played the “Library March," and all being ready a blind boy drew drew the wheel No. 36,503; another blind boy drew from the Opposite wheel case, which a gentleman chosen drom the crowd opened and heid up erator on which were printed in large figures, visible from all parts of the hall, $75. The first thirty-one num- bers drew prizes ranging irom $75 to $750. The thirty-second number drawn was 6,450, and the ex- citement tn the audience was immense when the display of the prize irom the opposite wheel was male, it let? he capital prize, $75,000, No. 19,433 drew $3,000; N 979 drew $6,000; 59,111 drew $3,750; No. 73,042 drew $7,500: No. 0. 52,187 drew $2,200 and 56,556 drew ‘No.’ 38,411" drew $1,500; No. 74,116 drew No. 67,262 drew $1,500} No. 45,311 drew No. 99,990 drew $3, 000; No. 66,821 drew $4500 646 drew » 49,929 drew $11,250; No, 28,088 drew $15, “a drawing closed at : ‘clock. President Durrett announced that the vext drawing would come of on April 8 next and the scheme to com- prise 10,000 gifts. A number of the mos: prominent citizens of Louiavilie took part in the drawing and were on the stage during the day, and several Qrominent men from other States were present. SUNKEN STEAMER RAISED. Gisciswart, Dec. 7, 1872. A special despatch says the steamer Gray Eagle ‘Was raised last night and is now en route to Lonis- + ville. ag is NOt 50 seriously damaged as at first reporte: BALE OF THE PITTSBURG RAILROAD, Corry, Pa., Dec. 7, 1872. ‘The Buffalo, Corry and Pittsburg Railroad was sold to-day to the trustees of the heiiers of the Grat mortgage Louds for $600,000, PERSONAL INTELLIGENCE. © —___+—_— Mayor J. H. Millard, of Omaha, is at the St. Nich Olas Hotel. General Tibbits, of Troy, is registered at the Clarendon Hotel. State Senator L. S. Lewis, of BuTaio, is at the Fifth Avenue Hotel. General G. E. P. Dodge, of Chicago, is stopping at the Metropolitan Hotel. Senator J. M. Thayer, of Nebraska, yesterday ar- rived at the Astor House. Judge E. R. Hoar, of Massachusetts, has arrived at the Fifth Avenue Hotel. Lieutenant Irving, of the British Army, is stay- ing at the Hofman House. Colonel R. W. Hill, of the United States Army, bas quarters at the Glenham Hotel. Lieutenant Governor John L, Beveridge, of Ili- nois, is at the St. Nicholas Hotel, United States Senator Henry Cooper, of Tennes- see, is sojourning at the New York Hotel. State Senator W. H. Horrobin, of Vermont, ar- rived yesterday at the Westminster Hotel. Leap year is drawing toaclose. Young ladies had better look well before they take to the fatal trapeze. White men are to be banished from the Cherokee Nation. “Who is there to mourn for the poor” white man The Atlanta Constitution strongly urges the selection of General John B. Gordon for United States Senator from Georgia. A Mias Apple tried to commit suicide at Maripoda, CaL, lately, because she was neglected fruit, Miss Apple wanted to be one o1 a pair. The Christian Leader (Universalist) is now edited by the Rev. E. H. Chapin. The cream of the clergy are assuming the editorial tripod. Mrs. Dust, wife of the bandmaster of a British regiment, has presented her lord with three little Specs of dust, boys of equal age. “Dust to dust." “They part their butter in the middle in —" is the atrocious sentiment of a newspaper in the “Land of Steady Habits” in referring to a rival village. “A Young Housekeeper" wants to know why Mr. Stanley does not tell us about what they eat in ntral Africa and how they cook it. He has pub- lished a book, The Omaha Bee “honies’’ a subscriber it had pitched into by explaining that the article com- plained of was paid for as an advertisement. That took out the sting. ‘The Portuguese Minister at the Court of Brazil, Matthias de Carvalho Vasconcelos, has married Miss Verginia Candida Riveiro Alvarez. This 1s the name of only one person. Captain Savage, Chief of the Boston potice, has politely returned the funds contributed by the Chicago firemen for the benefit of their Boston brethren. This is more like the act of a saint than a savage. Herr Von Witgeben has been relleved of the duties of the high office of President of the Prov- ince of Saxony because he voted in the Prussian House of Peers against the government on the Counties Reform bill. The government of Dom Pedro, in Rio Janiero, has given a pension of $2,400 to Seiiora Lopez Leite Pereira, widow of the Vice Consul of Portugal in Asuncion, who was killed by Selano Lopez for his charity toward Brazilian prisoners. Sir George Bowen has been transferred from the Governorship of New Zealand to that of the colony of Victoria, in succession to Viscount Canterbury, resigned. Sir James Fergusson, Governor of South Australia, succeeds Sir George Bowen in New Zealand. M. Uhibach, a Parts journalist, lately made 4 vio- lent personal attack, In the columns of the Bvéne- ment, on M. Adolphe Belot, the author of several novels, M. Belot immediately charged MM. Paul de Cassagnac and Blavit to obtain reparation for him, M. Uhibach was taken all aback and made a proper and public apology. A Cincinnatian has presented to the Historical Society the manuscript copy of Jefferson Davis’ veto of the joint resolution adopted by the Confed- erate Congress exempting newspaper men from active military duty, The Anquirer says:—“It was: this ill-timed and ill-advised act upon the part of President Davis which caused the ultimate down- fall and ruin of beats Wontederacy " Un-doubt-ed-ly! WEATHER REPORT. Te es A Wak DEPARTMENT, | or! WASHINQ@TON,'D, Synopsis for the Past Twenty-four Hours. The barometer has continued falling over the entire lake region and thence to the Ohio River and the Alleghanies, with southerly to westerly winds, cloudy, threatening and warm weather; in Yennessee and the Gulf and South Atlantic States gentle, variable winds, southwesterly to northeasterly, with fair and moderate weather; in the northwest the barometer has begun to rise again, with northwesterly winds and clearing weather; in the Middle and Eastern States south- eusterly to southwesterly winds, decreasing pres- | sure and partly cloudy weather, with southwest- erly winds; cloudy weather, southwesterly winds and snow in Canada. Probabilities. For the Northwest and thence over the Upper Lakes and southward to Missouri and Kentucky westerly to northerly winds. Lower temperature, higher barometer, occasional snow and cloudy and clearing weather from Arkansas and Ten- nesse to the Gulf, and in the Soutn At- lantic States southwesterly winds veering to north- westerly, with colder and partly cloudy weather. On the Lower Lakes and in the valley of the | St. Lawrence southwesterly winds, low barome- ters, threatening weather and snow; inthe Mid- die and New England States southeasterly to southwesterly winds, falling barometer, threaten- ing weather, followed by lower temperatures and occasional belts of rainandsnow. Warning signals are continued at Duluth, Chicago, Milwaukee, irand Haven, Detroit, Toledo, Cleveland and Buf ialo, and are ordered for Rochester and Oswego. The Weather in This City Yesterday, The following record will show the changes in the temperature for the past twenty-four hours in comparison with the corresponding day of last year, as indicated A the thermometer at Hudaut's Building — Pharmacy, Average temperature yesterday Average temperature for corr Bponding date last year.. Average temperature for corresponding week last year.. Average temperature’ for’ past we “NOVA SCOTIA, sain * to the Shipping—Total Serious Lo: Wreck of the Schooner Thomas Daly | Through an Error; Loss of the Mate=— Twenty Thousand Pounds Sterlin; Sent to Bermuda. Hatirax, N.S., Dec. 7, 1872, The schooner Planet, for some years employed in trading between Portland and Maitland, N, 8., has been seized at Clifton for a violation of the customs | laws. The steamer Excalibar was got off the marine slip at Pictou on Tuesday, to leave for Englaud, The schooner Thomas Daly, Alexander Smith master, of Port Gilbert, from Weymouth, bound for Boston, with acargo of lumber, after being ex- posed to mpestueus weather for tive days, on Tuesday evening mistook Yarmouth Light for Pubnico Light and went ashore and became a total wreck, The mate waa lust while trying to swim ashore. The rest of the crew were taken off with great difficulty. The next morning the schooner Princess Alice, Captain Bonnell, trom Sydney for Hatifax, was sunk off Touche, C.B, The captain and crew were saved and landed at North Sydney on the Sth inst. in a periectly destitute condition. The Central Department has sent by the Alpha to Bermuda £20,000 sterling in gold for the pay ment of troops, &c., on the West India station. The city aged for the championship of Halifa: Rarbor, with irse of $48, was present to the winner, Mann, in the City Coun- cil Chamber last evening by’Mrs, Wylde, wife of the Commodore of the Royal Halifax Yacht Club, Smailipox has appeared at one or two places in Cape Breton, ae case of smallpox at Windsor has terminated fay ‘the weather ia clear and cold, NEW YURK HERALD, S . hew med SU’ NDAY, DECEMBER: 8; : 1872 -QUADRUPLE: SHEET. ' “IS IT DICK OR TOM?- It is Dick, ‘and’ He Has Slipped Away. The Haaaup special. correspondent in Ha- vana furnishes the following interesting despatch: — ~ Havana, Dec. 3, 1872. Richard B. Connolly, ex-Comptroller of the city of New York and one of the Tammany quartet, has been stopping here for a number of days, under the assumed namo of ‘Judge Fleming. He sailed yesterday for Santander and Havre on board the steamer Vandalia, bound to some European country with which the United States has no extradition treaty, and where the Honorable ‘Dick’? may rest secure until this trouble ‘‘blows over.”” SOUTH CAROLINA LEGISLATURE. Gouumpra, Dec, 7, 1872. ‘The Legislature was engaged nearly all day in discussing the tax bill, INSURANCE, LIFE TERRANCE REC ed OF RAT {From the New York Underwriter, | December, 1872] To ‘4et well enough alone” isa large measure of human wisdom. Conservatism and radicalism wage eternal warfare; rather, let us say that conserva- tiam ever needs to be on the defensive against the aggressiveness of radicalism. Were not the cen- trifugal controlled by the centripetal, our planet would speedily dissipate into infinite space; and that great preservative law of gravitation prevails in the spirirual as well as in the material world, So to regulate the necessary movement of human progress that we may protect that which is good from reckless disintegration is the ambition of all good men. The successful efforts of neatly two hundred years have given us a beneficent institu- tion in the form of life assurance—in the sphere of social science—the very flower of our modern civil- ization, a scheme by which we stretch our hands beyond the grave to shield and comfort those we love on earth. Of all social organizations or insti- tutions, certainly this one, more than all others, seems to demand the protecting wgis of conserva- tism—not an atom of its firm accretion should be exposed to the iconoclastic touch of rabid radical- iam. Not from without is any danger threatened to the structure of life assurance; it ts from within that the citadei is being miaed, From motives that mry be easily enough imagined, but that it is not neeessary to define here, the managing officers of the Mutual Life. of New York—the great standard bearer company of the country—have come to the resolution to recommend that their company shall abandon the conservative principles on which the institution has been built up and descend to the heap John"’ plan of ‘reduced rates,"’ in order to compete for future business. The comparative new actuary of the Mutual Lite, I fessor Bartlett, an eminent mathematician and honored authority, but not yet much experienced in the practical working of life as- surance, has,fit appears, addre: 1 to Mr, Winston, the President of the Mutual Lite, an oficial letter, under date of 12th November instant, recommend- ing in effect that the company shall reduce its life rates about one-third in order to “give to persons of siender means, and especially the laboring classes,’’ the benefits of life assurance, This let- ter, which we shall now give in full, to prevent any misinterpretation, has been “read to the Insur- ance Committee, and, after discussion, ordered to be printed for private circulation among the trus- tees, with a view to future action upon it by that body.” This ts the letter:— Tuk MUTUAL LIFE suresen COMPANY ov NEW YorK, Nov. 12, 1872. F. S. Winston, Esq., President, &c., n—The Mutual Life Insurance Company has now, been in operation well nigh the period allotted to a human generation, and the exhibit of its affairs just published demonstrates, in my opin- ion, its ability, and urges upon it the duty, to vise its rates and widen the range of tts usefulne: by diminishing the price of its assurance. The true mission of life assurance is to give to persons of slender means, and especially the labor- Ing classes, the opportunity to provide a support for those Whom sudden death may reduce to help- less dependence. The special objects of its care are indigent widows and orphans. The prices for their protection are oiten paid from hardly-earned and scanty means, aid should be the lowest con- sistent with entire safety. [would respectfully ask your early and serious attention to the sub- Ject; and that you may have the matter fully he- fore you | submit herewith a new scale of reduced rates and certain suggestions with regard to the future practice of the company, shoula they meet pars approval and become the basis of our future usiness, The old net prices, based on four per cent for money and the mortuary rates of the American table, are retained, and the alterations arise trom | cones in the percentage addition for ordinary expenses, which is reduced from forty to ten. The yearly dividends under the new system will, of course, be greatly reduced, and I earnestly re- commend: 1, That the reversionary credits for these divi- dends be given, a8 heretofore, but that no use be made of them till, in every instance, their present cash value, on the policy anniversary, shall amount to the sum of two annual premiums, w! one- half may be available to pay, at the expressed wish of the owner, the premiums then due. +2. That these credits be held to be assessable to meet. any deficit that may arise trom any circum- stances whatever. 3. That in case of death the whole of the rever- sionary credit be paid to the heirs, as at present. . That the existing policy holders may have the option either to leave their policies undisturbed and pay their old rates, receiving of course their proportional dividend and reversionary credits, subject to the conditions of (2), or to take out new policies, with their existing credits added, and pay the new rates corresponding to their then present age, prov! ided they subject themselves to a ical eXamiaation and’ are pronounced assurable, The company will, by this most desirable plan, have within its control a large fund to which it may resort in time of trouble, should trouble come to it; while it will avoid the objectionable measure of keeping on handa large undivided surplus, in which those who die cannot fail to have an interest, whose precise value it would be dificult to ase tain. I would merely add that this company has pio- | neered its way to a condition of unrivalled pros- | ence perity and success. It has had large experience and the community may properly expect tt to use this experience to advance the interests of life | assurance, 0 as to bring within the range of its | business the poorer classes. To compel these to — advance money beyond the true price of assurance, only te be retnrned at the end of twelve months, is a hardship to which, I think, they ought not to be subjected, Respectfully submitted, W. H.C. BARTL! ETT, Actuary. | No one needs to be told that Professor Bartlett's , action in this importan’ instance is merely official. We pray to be excused if we decline to accept the motives alleged for this radical movement in the hitherto strictly conservative Mutual Life. The notion that the Mutual Life has an irresisti- | ble desire to extend its benefits to the “laboring Classes,” or ‘poorer classes,’’ is as amusing a8 the supposition that the “iaboring classes’ or “poorer classes,” in the proper sense of these | terms, have any special ‘Nankering” for policies | in the Mutual Life. All that humanitarian episode in Professer Bartlett's letter must be taken as mere oficial varnish, ‘The care of ‘indigent widows and orphans’ reads very pathetically, | but every one familiar with the business knows | very weil that life inurance is @ strictly finan- cial operation—not a whit leavened with any elee- mosynary element, nor even governed by any | philanthropic sentiment, aithongh, when properly appreciated, charged with a highly responsible | fiduciary character. In fine, the trustees of life insurance companies, especially purely mutual companies, may be called public trustees; and the | highest exercise of their trust may be found in | keeping their companies up to the highest standard of strength attainable by the legitimate operations of the business. That function especiaily the trustees and managers of the Mutual Life have, up to this time, most honorably discharged. It atfords us no gratification to make an issue with the serious “new departure” now projected for the company. The strength of the Mutual Life has been the pride of all life insurance mon and all lovers of sound life insurance in the country. It seems now as if the officers of the Mutual Life, | io revenge (or the unworthy @ngogition, direct or * INSURANCE. indirect, of lesa successful rivals, have renolvea to level the principle defences of all life companies, and expose the whole business to the influx of experimental theory. When the loading for ex- penses is reduced [rom forty per cent to ten per cent there ts no margin left to pay agents to solicit life insurance, much less to accumulate & reserve for any contingencies. Let us particutarize a little. According to the recent summary of the twenty-eight yeare and eleven months’ experience of the Mutual, recently published, it is shown that the total receipts, #0 called, amounted to $105,317,038 03, maae up thus ;— Premiums received in cash. Premiums received, dividends’ Interest, rents, &c. $64,677,770 23 23,152,560 01 17,486,707 79 $105,317,038 03 Then we see from the same summary that the ex- penses of the company for that period amounted to $10,533,680 58, Deducting from the amount of premium receipt the $23,162,560 01, stated as re ceived by “surrender of dividends,” which was really no money receipt at all, but a mere taking back of paper certificates in exchange, in part for increased insurance, and it will be found that the expenses of the company for its first twenty-eight years and eleven months amounted to 16 2-10 per cent on its actual premium receipts, excluding the income from “interests, rents, &c." Hence it is only by taking credit for the effect of its full loaded premium as a dividend-making power that the Mutual Life can pretend that its gross ex- penses have been below ten per cent of its receipts. Therefore, taking the actual experience of the past as the true guide for the future, the Mutual Life has no right to expect that it can do life business on the reduced non-dividend power rate plan at less than sixteen per cent per annum on the new pre- mium. Certainly Mr. Winston would not favor a propost- tion to establish a mutual life insurance company on the basis of his proposed new rates without a subscribed capital. Yet this is virtually the thing that he now proposes to do, unless, indeed, he urges that the present strength of the com- pany warrants the contemplated reduction of the rates, But this, the only really supporting argu- ment in its favor, directly involves the justice of the change as atfecting the old policy-holders, Why should their accumulations be used to secure incoming members, who join the company upon totally different terms and who can never bring any advantage to the old members? Life insurance is not yet so old—not at least in the United States—that it can afford to do: busi- ness at mere cust and discard all precautions against extraordinary emergencies. Recent events have vividly demonstrated how utterly insecure the system of low rate, close-shaven premium was in fire insurance; how, when large reserve was not maintained for special contingencies, or, may we not say, for inevitable occurrences, the com- panies went down to utter ruin in the face of large disasters, Have any men of our generation the hardihood to contend that our medical science “surrender of i830 perfect, our sunitary regulations so complete, our physical condition so vastly improved, that human life is hence- forth safe from all the dread calamities that have aMlicted our race in other climes and pe- riods? Has the angel of death, who year by year Spreads his wings on the hot blasts of Eastern climes, become so enfeebled that he may never more wing his dosolating flight over the waters to our Western land? Have all the diseases that “flesh ia heir to’ so subsided that we may have no more fear of epidemics or any distubance of the measured ratios of mortality which our companies have known during the first quarter of a century of their existence’ It would be very gratifying to be able to be very positive that we had reached sucn halcyon days. But it seems rather a reck- less course for an old life insurance company to take, to predicate its future action on so vain a hy. pothesis. Our human experience is often fallacious. If any man had declared eighteen months ago that the great fire of London, which occurred in 16686, would some day be outranked by a great conflagration in some American city, he would have been scolYed at Xa silly alarmist. Our civil conditions were so different, our facilities for suppressing fires so perfect, that we would certainly have derided such a suggestion. But what is our experi- now’ In October, 1871, more property destroyed by fire at Chicago than was lost in the great fire of London, and in Novem- ber of this year the well-built city of Bos- ton, the most solid of all our American cities, has suffered a fire joss not much short of that at Chicago, Can cholera or yellow fever or plague in any form never sweep over us again? Very fer- vently we hope the we may have passed the days of such terrible visitations, but we should not be so over-confident as to cast aside all precautions, Now and then, unhappily, we find that disease isin the air. Such chemical atmospheric changes take place as to destroy vegetable and animal life, as the locust destroys the green herband the growing grain, and all our science is baMfed. Let as not re- peat the folly of the foolish virgins. We must not burn our lamps so low that we cannot replenish them when more light is demanded. The general financial interests of the country have been greatly exercised from time to time dur- Ing the last few years by the apprehension of a sudden return to specie payments. That fear has been allayed by the wise, conservative action ofa firm government. Yet even asudden return to a specie basis could work no such general disaster in financial and mercantile circles as the reduction of life insurance rates to an unsafe basis would pro- duce in life insurance business, There are many thousands of active, able, intelli- gent citizens engaged in the business of life insu- rance, as agents and otherwise, throughout the country, and to all these persons the proposed re- duction of life rates will bring serious disturb- ance. A financial business that has supplied a payment of $25,000,000 this year among widows and orphans in this country needs to be meddied with very cautiously. Every mutual company that has up to the present period attempted to conduct life insurance on the low rate plan has come to grief. In every field the laborer ts worthy of his hire, especially so in the arid soil of life insurance. The work will not be | done—cannot be done—upon maudlin humanita- rian pretences, Life insurance has to be paid for. Otficers, agents, doctors and clerks must get their living out of the business if they give their time to it, and Mr. Winston and his co-trustees had better tay by their ox-muzzles until they reach the happy land of Utopia, where every one will do everything for everybody for pure love and affection, without any vulgar reward in doliars and cents, and virtue only will be its own reward, We fear that if Mr. Winston persists in the propagandism or this threatened crusade he will work more positive in- jury to the permanent interests of the Mutual Life | than to that of any other organization in the busi- | ness. It does not strike us a8 fair to the old high rate policy-holders of the company to let in what may be comparatively called a “pauper class" to partake of the advantages of the actumulated | assets of the old members. If it be urged that the | contribution plan of dividend will regulate all this, and that really the mew policy-holders on the low- rate plan will have no interest in the proceeds of the present large accumulation of fifty-five millions, — then it may be said, on the other hand, that this | large accumulation {is of no advantage to new | policy-holders, and that they would be just as well off elsewhere. Again, the Mutual Life haa been ail through its | successfulcareer the strenuous advocate of the all cash plan in life insurance. and has actually, by ils splendid example, persuaded the leading note | companies to forego their very equitable credit practice, which furnished insurance cheaper than | ever the Mutual Life can now atford to offer it, but | still maintained @ contingent reserve potent | enough in the event of any greater disaster. Now, | with the new form of competition proposed by the Mutual Life, all th controversies of the old cash and credit plan will be revived, and the note com- panies must retarn to their old credit customs, The game will not he worth the powder to the Mutnal Life, and we sincerely trust its oMcers and trustees will reconsider the matter and wholly abandan the dangexous project. | weather produces Catarrhs, Cour Lung Di INSURANCE: ea a FEW FACTS ABOUT LIFE INSURANCE.. Ses There im no reason to believe that the Mutuat Life Company, in proposing to leasen-the rates of life ingurance, is. obstinately bent on insuring beopie only at the lower rates, No doubt it will hereafter continue to insare at the higher or present rates any one who insists upon paying these, and will keep, as it can: easily do, the accounts separate of the higher and lower rate policy holders. Then those who pay their money can have their chotee. If you will inquire at the company’s ‘office no doubt they will tell you. that they can and will do this. There 18 no reasen why an insurer who wishes to pay more than is needed to insure him should not be gratified; but a8 everybody is not fond of overpaying it is also worth while to let those have a chance who desire to pay No more than is needed for safety. This the-Mutuat Life now proposes to do. Eighteen other companies seem to have been. 80 alarmed at this step of the Mutual Life that, aban- doning thetr own paid actuaries, they have re- tained three gentlemen, who call themselves “con- sulting actuaries,"’ to tell the public what they think about it. A “consutting actuary’ 18 prob- ably like a consuiting lawyer—he thinks what his employer-thinks; and what the eighteen employ- ers of these three “consulting actuaries” necessa- rily and unavoidably think of a proposition to re- duce the rates of life insurance anybody may judge from a glance at the following tables, which show from oficial reports: first, the ratto between re- ceipts and expenses in the eighteen companies and in the Mutual Life for three years past, which of course shows the comparative economy of man- agement; secondly, the percentage of claims by death on amounts insured, which shows the com- parative care with which risks have been taken; and lastly, the proportion which unrealized assets bear to total assets, which shows how closely or loosely the companies have dove business, unreal- ized assets being moneys due -but not collected. It appears from these official figures that. First—If the expenses of the Mutual Life had been as great in only the last three years as the average (30,51) of the eighteen companies who do not like its present action, it would have paid out $9,730,862 mere than it did pay for working ex- penses—a monstrous sum, nearly as great as the otal expenses Of the Mutual Life during the whole thirty years of its existence. The Mutual Life, it would appear from this, may safely insure for lower rates, because, as these fig- ures show, its management is and has been more economical than that of the eighteen companies who complain. Second—If the claims by death in the Mutual Life had been as great the average of the eighteen companies who attack its course it would bave had to pay in 1871 $580,671 more than it was actually called upon to pay for death losses. If these figures are correct the Mutual Life may safely insure for lower rates, because tt has used. greater care in se- lecting lives than the eighteen companies who com- plain of it. Third—In every large business there are nece: sarily unsettled’ accouuts and incomplete t actions; but that merchant will be the safest cando business most economically: who has “the fewest of such unsettled and outstanding accounts. NOW, in this case of the total assets of the Mutual Life Company three per consist of balances due from agents, uncollected premiums and the like, The average per centage of the same “unrealized assets’? in the eighteen companies ts, according to tliese official figures, a little over seventeen per cent, Ifthe Mutual Life's atfairs were managed as these figures would indicate the other companies to have managed theirs, it would to-day have nearly nine millions of its fuuds outstanding, and therefore to a certain extent ip peril. Fourth—But the first table below shows that, looking to the difference in the rates of expense between the Mutual Life and the average of the eighteen companies which attack it (9 Mutual Life and 30.51 for the average of the othes eighteen companies), the Mutual Life can do busi- ness on the proposed lower rate—twenty per cent duction, namely—and yet continue to return to the new policy-holder as large dividends as the average of these eighteen companies, It should be known that the figures in the follow- ing tables are taken from the sworn statements of the ditferent companies to the Insurance Commis- sioner of Massachusetts. They are, of course, tn- tended to be correct, and are believed to be so, RATIO OF EXPENSES TO RECEIP Names of Companies, Brooklyn Life... Commonwe PN din ) 1871. 1870. 27.12 Knickerbocker Manhattan .. Merchants’ Mutual Benefit. National, N. New York. North Ameri Security... United States: World Average in the 18 companies. vee 30.51 Aver’e in Mutual for the ay Mutual Life........ 7.57 9.23 10.57 Ratic of claims by death to mean amount in- sured in the year 1871:— NAME OF COMPANIES. Brooklyn Life 1.11 Manhattan... . 1.038 Mutual Benefit. 1,09 New York Eclectic Equitab! Germania. Guardian Mutua Knickerbocker. United Si js World....... Average of percentieee Mutual Life.. Names of 083 Assets. Assets. Excelsiol Germania. Guardian Knickerbocker. Manhattan Merchants’. W orld. Average of these per centages. Mutual Lite.. + 51,309,877 Per centage in the Mutual Life. These figures are commended the eighteen companies sree. in this crusade, to their officers and Boba ly A Pouicy- HOLDER, peal a | Barnett’s Miniature Totlet 4—Elegant ORTED COLORED BOXES, i Tollet Appendage, admirably adip and travel aio th, 1,766,50 and skill ax displayed than in the exquisite sh of hit model Dregs HAT tor the the old stand, 118 pe and super’ + lidays, now ready at | A.<Herald Branch Office, Brooklyn, corner of Fulton avenue and Bocrum strvet, Opeo trom & A.M. tos P.M On Bon ‘Sunday trom A.—Peremptory Sale of an Entire | Stock of ELRY, DIAMONDS, CORALS, aC, | M closed betore January 1. ‘ato OR BISHOP, Fith Avetiue c af HAND SIDE (N ORTH a cf the store lately occupied b Ae Rough, Wintry. re hangeable der: Dr, JAYNE'S EXPEOTORANY as promptly when faithfully | jis d A.—Ea Angeltaue for the ‘Teeth and Gums. BL FOOD for infants, DELLUC 4 €O,, 435, Broadwa: e the sole proprietors and manurac’ turers. No ci ction with had ee ow store. C., ures A Holiday Present.—Genuine Meer: CHAUM PIPES sold reaconahly at POLLAK’S Stor John street, middle of the Wack Havana Lotter; ing. J.B. MARTIN Post office box vial New Yor! Roy: traordinary 7 Dra 1 Wail stree Ms Grand Ex« i # CO., Bankers, Another Attraction on Broadway.—We would call the especial attention, of the readers of the Herald to elegant store No. Ol Broadway, betwren Known as the “Now shelves contain a Prince ant Houstan, str Store. ‘he show cases stock af Imported Goods, over SO userul and ornamental articles, many of which cannot be mare aed in any other store except at an advanced price. The raprictors have adopted the popular “One (int, and we bospeak for tua 4a WUnmougy brady duriug tho liolilay season. plead Dollar | sol APare Stimalaat—Oc Sak your physician about it A.—To Get a Genui Aoubted purity ark for th Absotate ection do mot A Sewing Machine te very family. In making 4 xamine the WILSON UNDE {hair wang ‘This ma ing with unpro- jented success, being sold at a loss price than any other frst class machiue, and at the same thie combing toa greater degree all the esseutials of a fauuly machine, Salestoom at 707 Broadway, New York, and in all other cities in the United states. The company wut agcals im country towns. Burke's Holiday “Styles Dress Hata, ready, at popular prices. Seal Skin CAPS. in variety, a Batechelo the world; th able, insta the Beat im {baum elie 1y true and perfect d At all drugiists, Barker's Aurora Will Change to a be. ful golden blonde ; 275 Broad ‘ar Thirty fourth n Be Secured Till the Wntost period of Lite by using CHEVALIER'S LI¥& FOR THE HALR, Restores gray hair. Christodoro’s Hair Dye.—This Splendit Dye ix the only one that hasever vecu analyzed amd found harmless Ms, Bronchitis, Consumption Ar tly henedited by axing Cod Liver Oak. id parmal RD GARW isles GOD LAGE Utle ts (ike purest, eat and best Campo's Intallinie Specific —Sow remedy for Rb tis, Neuralgia, Sciatica, Gout, Bps lopay. MCKESSON’ & ROBINS, 9% Pullon street, ccigm Tea.—The Under- from London as sbipment of BREAKFAST TBA (choicest lish, Breakfaut have just ri the very tinest ENC Moning £3 oun half chesty of 55 tbs. JOs6 PH SPYER Tinporiers and Commission Merebants, . FS) broadway.” y Furs for bed Fashiona te gee 6 HATS und in pert the Pitth Prices URKE, Manufacturer, 210 Broadway, corn reet. if Man.—Rhea- eness and any kind of flesh, nor beast are cured by ‘CBI most wondertul discovery of Half Horse matism, Swallings, Lian Henry Capt, of Ge now has @ beautiful as and TRA unre, Now Painters, No. Signs, Patent Net Hojer & Co. street, York. Metal 5 pound” Cares rand Urtuary Or- alihn’s Hydrastin Cor ses of the Kir Bladd Depot al Liberty str all Dis guns. at Manufactur- YDECKER & CO., Lace Curtains Sellin era prices; several profits sav 310 Broadway, opposite Eley str rto Been Conaide ‘alth by the wor- 49 Broadway. aaa ‘Avenue—Two Valuable L east side, north ¢ nty-fourth street, for sate at a tou Thursday, 3, at I Broadway Many Who Have Hith ered in cember MU LUE «WL KINS, Auetione tands; also out, to ‘reduc 277 Canal stre joods, sellin TAM EL Lie york. i Wild anita biog . Sold by deus she Sy iv ily re “Ti nt and reliable at all tim Aromatic Schnapps of Amaricag ring thee dical faculty. The Schicda ADOLPHO | WOLUE public since 184, Tau that Beware of imita: nitorsement of the sand counterteits, NEW PUBLICATIONS. L, LUYSTER'S RECENT HEAVY [MPORTATLOND of Buoks from England and the Continent of Kuropo merit the attention of all lovers of literature. His col lection embraces all classes and yarieties, from the raco productions of the fifieenth century, in luminous blaclt « letter, with extravagant wood cuts, to the most recent, press issuos of the Europe: These, with a rich array of the standard authors, tly illustrated works, £e., freight the shelves of this old and popular establish mort, Descript t temptingly low M% Patalogues, pr es, Will be gratuitously forwarded on application tothe , importer.—Harper's Wee NOW OPENING A Splendid Assortment o1 Uloliday Books, pee Sunard steamer Java. A Special Holiday Catalogue, A. L, LIYSTER, London, (up stairsy D APPLETON &00,, ave just pul By Julia Kavanagh. 1 yot. DILEMMA, By Wes! IONS TO MOLECULAR PHYSICS IN THE DUMAIN OF RADIANT HEAT. By John Tyn dall, LED, ‘ SHIP, New edittoa, revised. aud Ientirely new illuste IMPLEMENTS, WEAPONS: REAT BRITAIN. By Joho Honorary Secretary of the tig Societies of London, Ac. Yavin two plates and 476 woodcuts. Price TTERS OF CAPTALN MARRYAT, eter Simple.” de. By stg rrvat (Mrs, Ro u NOR WATER 1S CLOU m, and 138 fulton BESSIE, 'A novel: | BY, 1 vol. Stretton. By Ru chinoke $5. aries Kingsley, FL. $., Lyol, Cloth, Price $1 50. James Feniigore Cooper. “With, 0.0. Darley.” Porm: ew illustrations by I 0 ew illustrated 75 cents ei WORLD. and Peoullar ory of rites, Adj Irom the word of kouls Fisuic ha Giossere ot New lee revised edition, , With 473 NEST. A Novel. By mo. Tilustrated, Form § Tlustrated Buition of Min ublished : hed :—" eso as, ty Pitesti t veh "Price SL per CE MONTHLY. Cor sted by a ener December Numbor. Pr HW cents. $5 per ann s A WAITIN a ACE, 4 By Edmund si auth, of “Brok lac ic Sheep,” &g Lv rice 75 cent. LIFE: Being some. Accouavot dnigin and Transtorraation ot the By H. Charon Bastan, M.D, F. with upward of 10 Tiustr ations, By John Hatley, 2g. tots ry 2 vols, S¥O., Seennd aad che: : wi ere mle of sending di Yona ‘Thustrattons. vol Tuo. Rither of the above, whan jot to ha, had‘ book stores,” sent tree by mail to ony part of the United. States ong price. IT” Hones, PHOTO 4 37," ¥; poe. awtion of the now bulldainga tt te saa “ali they architects; iurnished by eee Or expregse we Da inaee] Browdway.. 4. Ss na Browning.” bY ‘Macy J. Holm . as Steel," by Marion Harland. ape the tue reimost goptune fovels orthe year. GW. si a PO. Ropulge ers, Madison square, New ‘York, AND-BOOKS OF 500) tery, on Je sort ever ADIYS uf ood Soe (einem, (or seltim. 15. ; " Writing, Reacjn Kt yy” Art of Cou. TON £0. Baptists “Aint peaking @ LORIES, * # « « ey "#Y MISS ALC yer. soltisa Alcott, autho nsely Chilicett aes CARLETON & cO., fork hi: deny tha Mette, peck, by » Wore,” selling ay Pri or a Dials Punishers Madison square, Ne E VIEWS OF HEAY’ ook by twelve FN. plished, and of isunguished divines. Jase pais ite An AUER? at attenton. 13000 copies Madison squate. New Nar” ot TON & CO.,, Puplishers, toy h Matar ONY raist, English work on t markable and instructive little Ought ta have w cay: yS8Nr at whist ov Price Cuniers. 9” fison'suuare, Now York.