Omaha Daily Bee Newspaper, October 14, 1881, Page 2

FIRE INSURANCE. Small Associations Alarmed at the Influx of Foreign Capital. Probable Effoct on Local Companios N, V. Timee. The influx of foreign fire insuranco capitel to this country i# increasing so rapidly and assuming such large pro- portions that the officers of many }OCAI companics have become tly exercised lest their interests be ser owsly impaired by mew and poweriul vivals. Already the emall and weak companies find it a most difficult task ! to compete successfally for business in the limited fiold to which their opera tions are confined. Some of them, more fa -seoing than others, perceived the drift of the foreign agem in time to partally avert the impending danger by extending their lines to soveral states avd adopting the agency aystem, which hitherto was wperated only by compenies with large capital. Asong those which took this step are soveral of tho oldest companies in tho wity—companies which for 30 years and over deemed it the height of 11»Ily to take a risk outside the Metropolitan distriot or write a policy formore than $2,600. It is, however, the opinion of some of the most experienced under- writers that even this precaution will not save small companies from the in- evitable «onsequences of competition with large and powerful organizations. During the last eighteen months six foreign insurance companies bogan aud are nowdoing business in this country. And these have assets .and a working capital of $2,312,847 here. At the present time tho managers of threo other fereign companies are preparing the necessary forms of application for authority to join their/brethren in the race for risks. Theso ara the City of London Fire Insuranee Company, the Alliance Fire and Life Insurance Com- ny of London, and the National E“Are Insurance Compeny of Ireland. The City of Londen was organized in February last with a subscribed capital of “£1,000,000, of which £100,000 has been paid in cash. A Times reporier had an interview with its' manager, L. C. Phillips, and ity .chairman, Alderman Knight, both of whom are now in the city. Mr. Phillips claims that he has. carefully watched the progress of the insurance businessin America for years, and the result of his scrutiny leads him to be- fieve that with ordinarily judicious manag-ment fair profits can with almost certainty be realized. In Eug- land and other European countries where it is safe to do busiuess the business is overdone, and conscqiently insurauce capitalists turn to America, where they expect to earn reasonable profits on their investments. The Alliance Fire and Life of Loadon, whose secretary, Robert Lew s, is also here for the purpose of esiablishing an Amvrican brauch is one of the old- st ivstitutions . the world. It commenced business in 1824, and has a capital of £5,000,- 000. Mr. Lewis's reason for coming here is somewhat sinilar to that expressed by Mr. Phillips He says his company is known to _be one of the most conservative, and hence the Jocal organizations need not fear that lite business will be conducted on other than recognized business prinoi- ples. He does not believe in wid competition, nor shall he permit the undercutting of rates or any practice that is not regarded by the professiun as entirely legitimate, The National Assurance assocation of Ireland, whose secretary, Harold Englebach, is now in this city, claims to have assets amounting to £500,000, Mr. Engle- bach is prospecting with the view of ostablishing & branch office also, and expects to be able to decide shortly where and by whom his company wiil be represented. The three other com- {aniu which contemplate establishing ranches on this side of the Atlantic at an early day are the Caledonia Fire Insurance company, of Scotland; the Manchester Fire Insuranco company, of Manchester, England, and the Londun & Northwestern Fire Insur- ance company, of England. Without including the deposits which the #ix last named companies will bo obliged to make with the m- surance department before obtaining permission to do business, or includiig the assots of foreign companios whose business is solely confined to Califor- nia, the aggregate nssets of those now operating in this vicinity amount to over $60,000,000. Tnis sum does not, of ‘course, embrace tho total assets of the various compnniun; it is merely their total assets 1n the United States. Including the deposits tho six new comers uré bound to make, the funds of foreign companies in this country may be set hrct as follows: Total agsets (24 foreign compa- nies) in United States. ... $50,000,000 Deposita (6 now companis) in ited States. ............. 1,800,000 OB, s s - Siakiia oo vv- 801,800,000 The tota! assot of all the New York stock fire iuvsurance companies exceed this sum by over £2,300,000, while the total assers of all American companics doivg business in this state more than double it, The manager of one of the oldest and largest of the foreign companies, he requested his name to be withheld it lis motive might, be miscon- strued,) being asked if he could assign a reason for tho coming hither of so many foreign companies said: “‘Well, it coitainly cannot be on account of the profits we are making. Our com- pany has been established here for over a quarter of a century, and with “all the prestige and expericnco we . lave gained duringthat time wo failed to realize anything like a fair vrofit last year. My own opinion is that compelition is 8o keen in England, and there are s0 many companies thore to the l&uare inch that some of them should get out and look for business clsewhere, or be squeezed to death,” Q.—What are the prospects for the foreign companies whose advent is announced? A, —One or two of the best of these will undoubtedly obtain some good business, but it will be at 4N enormous expense. Q.—As to the others? A.--Well, for my I should most decidedly prefer they bad remained away, for the businoas would not only cost thom enormously, but should they fail to|; obtain it and be obliged to withdraw, #he standing of all or nearly ail the | in companie! well-established foreign ecompanios would be seriously affected Q.- Is there any other reason be sidis the one you assign why these companies should ure to extend their lines to this side at the present time? A.—Yes, and some of the local managors may blimo themselves for 1t Uptoa fow years ago several of the foroign compauies with branch o in this city and a fow of the large comy anies reinsured part of thie risks which were not represent ol here, For instance, this company would take a line of £50,000, and while held itselt responsiblo to the insw ed for that amount, it would reinsure, perhaps, one-half of it ina company which was not dircetly represented here. "This practice euabled companics to meot the requirements of theirlarg est customers and at the same time pro tect themselves, The managers of a fow local companies beeame jealous of this system, aix urging on_ the Legis- Iature that it wotked an injusiice tn them, & led in havil law e acted ohibiting the reinsuranc New York risks in companies notan- thorized to do business in _this State. Tho law cut off a large glice of Dusiness from several Euglish companies, and some of them dmmediately concluded to come here and got the business directly themselyes, The first company to take this was the old Phonix, of Lon- don. Then, again, when this form of prokibition was found unavailing, the sarae gentlemen proceeded again to Albany and had auother law passed prohibiting forcign companies whose capital stock not paid up in full— the custom in England of the majority of companies is to have only a portion .of the subscribed capital paid in— from doing busmess in this state, These enactments attracted the atten- tion of English managers, who natur- ally began to think that there must be a big bonanza in the business here, or else thore would not be such great precantions taken to provent foreign- ers from having a slice of it. In the meanwhile, during the session of 1880, s law was passed enabling foreign companies whose capital was paid up to the extent of §500,000 to come here and do business, No sooner had tho news of this enactment reached the ears of English managers than they began to turn their attention westward, So, you see, that if Amer- ican managers grumble and groan now because of the influx of foreign in- surance, they may in great measure blame their legislative committees. —— OCCIDENTAL JOTTINGS. TOALIFORNIA. Ten thousand dollars have been aub- acribed by the people of Red Bluff to se- cure woolen will. The Masons and Odd Fellows of San Diego have combined forces, nnd will erect » fine huilding, to cost 825,000 or 830,000, for halls, ete. A pair of avaricious celestials in San Francisco were taken in to the extent of 86,000 by native sharpers with two g washed ¥4 ullion bricks.” Two you thtal adventurers, uged respec- tiyely eight «id thirteen years, left tho parental homes at Los Banos, Fresao county, the other dn{, and started out to see the world _ Their outfit consisted of two horses, a pistol and a dog. The contract for building & new court house for San Meteo coun'y, at Redwood City, has been lot to Jacob Leezen, of San Jose, for 812,750, The supervisers have also taken stevs to purchase the toll-road b gwéen San Msteo and Half-Mqon Bay ath fair valuation. Mammoth Clt(. with the country about, had 5,000 inhabitants in .1uli' 79, It 1ow hat not ten, The buildings have been burned, or moved aw.y to Bishop Creck, where ther are some ranches, Tho bl mill, with the Mammoth mine, sold at sherif's sule for $26,000, It cost 500, MONTANA, Choteau county’s taxable . wealth is 81,- 803,000, Baled hay is selling at 835 per ton and rough lumber at $45 jer M at Butte. There were thirty-seven quartz 'ocations mads in Madison county in Septomber. A surveying party is running a line down the Missouri river from Bedford to Benton, in the interest of the Utah & Northern, Silver Bow county pays her assessor one mill on the dollar for Elu official compensa- tion, giving him & salary of nearly §4,500, The railroad track has cro sed 0'Fallon creek and is now seventeen miles from Powder river, with bridges completed seven miles beyond, ‘The electric light l}\lahtlnn i3 being agi- tated in Helena, Sixty-cight individuals and firms have signified their readiness to take one of the lights, COLORADO. The electric light towers in Denver are not & success, ‘There are 105 Eupils enrolled in the Evanston public school, The recent fair of the Colorado industrial association cleared 84,500, The Ames monument at Sherman is now about thirty feet in height. A company of Chicago capitalists will bore for oilne.r lrwln,.&»l. : The Jule-burg cut-off is completed, and trains are now running over it. Layiug iron on the main line of the Den- ver & Ngw Orleans railroad has begun, The Colorado high line ditch, now being constructed, will render arable 800,000 ucres of now waste lands, Thy returning Utes ae reported s ay- ing that they “'d n’t like the new . eserya. tion; white men heap damn lie,” The prijected Presbyterian church at Cheyennne will be 50xB5 feet in dimen. sions, built of brick, and costing 812,000, The Rio Grand company st Kokomno has received for the month of Septewber for freights $10,847,24 and for passenger traffic alone, $1,515.60, WYOMING, Sawnples of ore from the Crown Point mine, North Park, assay 880 to the ton, The Cheyenns Leader printing estab- I rw:&wu been sqldtoa stock company Harry Schrimser, of Cheyenne had his collar bone broken while rl’l’nnlng, in the vieinity of Fort Steele, A general round-up is now being made in the North Park, and a finer lot of heef cattle were never seen anywhere than is being collected, The diggings on Douglas creek, with hydraulic power, will pan out $10 to 850 per day to the man. Iiven with a common pan from ten to fifty cents in gold can be washed to the pan, The lands along the course of the Powder and Tongue rivers have been taken up by actual settlers and new farm houses are bringing up in every direction, Full five thousand settlers hive gone into Crool andJohnson counties 1his season, DAKOTA AND THE BLACK HILLS. Deadwood has 230 pupils attending th public schools EHPNS: e The ilver mines at Galena are attract- ng general attention. A rauchuman living in Custer county has produced 500 gallons of sorghum syrup from ten Acres of cane, which sells 1 adily in Deadwood at 81 a gallon, d Lead City claims to have one of * e fost public school buildings in the Hil The public schools of Deady sed apen with the names of th.ee hun’ yed pupily enrolled, 1t is reported that_ richer found in the Penobscot ever before seen in the Hi country In two shafts, seventy .fiva feet apart, in the Bengal T iine, g found ore which is estimated will yield hundreds of thou- e has been ' bine than was #, or any oblier sands of tons, Or /eGON The rondway of, the O navignti ny into K completed The medics { dopartment « unive y bias bought the Portland acudemy, and will erect a uit- able build mg. On the night of the & instant an em- bankmumt eighty feet long and fifteen f digh, uear Hood river, fifty miles ¢ Portland. gave way an force ngainst the dwellingof LymanSimith, inwhich a family of nine persons were sleeping, and knocked it down the hiil A firtres 150 feet lons fe wnd crushed the house, d-molishin of furniture. Altho ARIZONA, The shipment of bullion from mines m the vicinity of Pheenix is constantly in- crensing in quantity, Sugar cane ean e suec wfully raised talk from one a half feet in the valleys, A specim field measured fourteen from root to tasscl. A rich strike has heen made in the Alice mine on Mineral hill. An assay of the ore gave a roturn of 1.816.81 ounces in silver to the ton, the aesay value of which is 82,3 A vigilane ized at Tom and horwe thieves, who have been plunder. ing the people in all dirvctions within a radiun of fifty miles of that city. mmittee has been orga MISCELLANEOUS, Bernalills, N. M., hoasts the largest cep raiser in the territory, Don Jose Perea, whose flocke: sum up over 30,000, Fifty head out of a drove of 350 horses were owne . while fording Snake river, at the mouth of the Grand Ronde, Wash- ington territory, a few days since. Bernalillo is a flourishing town in New Mexico, with a 1 ve set of men in it. They are interested in recuring the completion of the Denver & Nio Grande railroad, A comparatively new strike, and a very rich one, too, was made recently on Warm Slprinp; creek, just wbove Kelly gulch, Tdaho. for their Gal-na find If Adam had had a game of ‘‘Fifteen” placed in his hand at an _early period of his existence, the wh®le course of history might have been materally al- tered for the better, and if biliousness, in- digestion, rick headache or dyspepsia were unknown, Svring Blossom would not he needed, ice 5O cents, trial bottles 10 cents, 10cod1w FARMERS IN COUNCIL. TheTillers of the Soil Wrestling ‘With the Issnes of the Hour. The state grange of ifornia clos. . | ed its annual session at Sauta Rosa on Saturday, the 7th. Although the strict rule of secrecy enjoined upon members does not allow the prive.pal part of their work to be disclosed, it can be asserted that the effects of this state and in the entire wheat-produc- ingregion of this coast. The Grangers are determined to more effectively con- teud for and enforce their rights and demand justice and fair-dealing in whatever relates to the handling, mar- keting, transportation and exportation of wheat, The platform and resolutions unan- imously adopted are substautially as follows: 1. Enforcement of the laws against pooling and combinations to control the market. 2. Equitable taxation and retrenchment in all gov- ernment matters. 3, No discrimina- tion on the public highways for or against any one. 4. Laws to protect N B - 1OR RHEUMATISH, Neuralgia, Sciatica, Lumbago, Bacluche, Soreness of the Chest, Gout, Quinsy, Sore Throat, Swell- ings and Sprains, Burns and =, Scalds, General Bodily Pains, Yooth, Ear and Headache, Frosted Feot and Ears, and all other Pains and Aches. ¢ Proparation on earth aquala 6r, Jacons O1x B A e vt the compamtrely triding oul of 50 Cents, and every ol flor- ing with p:n,un have chieap and positive orost fte claims. ' Directions in Fleven Languages (4 @OLD BY ALL DRUGGISTS ANDDEALERS IN MEDICINE. A.VOGELER & 00..._ ’I'lu-‘y are offered $30,000 | conference will be felt throughout the | = the people against corporations. b. The public lands are for the people, and should be held for actual settle- ment. 6. Laws should restrict cor- i»‘urntiom and protect the masses. 7. aws against bribery and corruption in ‘i‘ubho dftices should be enforced. 8. Transportation companiesshould be torced to charge on the basis of cost and risk instead of what traflic will bear. 9. In favor of national postal telegraph. 10. Land monopoly pre- vents settlement, and monopoly land owners should be taxed the same as homestead settlers. 11. Kavoring non- l;j‘,“'““‘"“‘)‘il' iu grange matters, 12. very man to be required to use his property so as to injure no others, whether in farming or mining, 13. The Grange mukes uo war on corpora- tions, but against their aggression. 14, The government is bound to regu- late railroads and telegraphs it char- ters in behalf bf the people. 16, There should be no dominant or privileged classos. Fifiy-nine granges ~re represented, and one-third of those present are lidies. On the call of counties all ex- cept one reported that matters were better than last year, The next an- nual meeting of the state grange is to be heid at Stockton, the first Tuesday in October, 1882, Set Baock 42 Years, “T was troubled for many years with Kidney Complaint, Gravel, &c.; my blood became thin; I was dull aud inactive; could hardly crawl about; was an old, worn out man all over; could get nothing to help me, until I got Hop Bitters, and now I am a bo; again, My blood and kidneys are nfi right, and I am as active as a man of 80, although I am 72, and I bave no doubt it will do as well for others of my ago. It is worth a trial.” - (Fath- er.)-—-Sunday Meorcury. oct1-15. BEALED PROPOSALS For the Construction of Bidewalks, A proposals will be received by the un: util Tuesday, October 11th, 1551, 12 , for the construotion of and repair- alks In frout of and adjoining the a'eloc ing ot toilowing described premises, to-wit: ‘l.ui‘- 5,6, 7, block 268, north side of Chestnut strec| ch's first addition, west Smith's addition. nlth's addition, south Lots 1, 16, bloc 18, B V. Smith's addition, soyth side Grave street, t 21, Horbach's first addition, cast side avenue. Lots 6, 7, 8, block 196}, north side Izard stroet, Lot 4, b, block 22, east sido Sixth stroet, Lota 4, 6, block 35, east siiv Credit Foncior wddition. Lota 8, 4, block 202}, ordered repaired, 17:h, Lots 1, §, block 11, west side s.,':nm‘-m..z, to be repaired. Also on lots wes' side Sixtecnth street, be- yween orth line of Horbach's firt addition and Jlark stroet, except 50 f Isanc Thoupietes residauce, ot © font of 1 L. . JEWETT, J.d, O, October 7, 1881, City Clerk, ocTdit Diminished Vigor. 18 reimbursed in great measure to those troubled with weak kidne; udicious use of Hostet- tor's Stomach Bit which invigorates and stimulates, withot selting tho uriuary or- gans, I conjunction with its influence upon them, It cogrects acidity, Improves 'ppetite, and is In every way conducive to heal h and nerve reposo. Another marked quality in its control over fevor ni ague, and its power of preventing it. Forsaebyall Drug ists and Dealers gen- THE OMAHA DAILY BEE: FRIDAY OCTOBER 14, 1881, Burdock RS 4 80 that Tif 1 Bitter 1 felt bet- raise your Bitters N. Y., writes: “*Your chronie discases of the blood fiver w..1 kidneys, have been signally marked with sucee A them myselt iver nndin case of a triond of 1 the offect was marvol Bruco Turner, Rochester, N. Y. fwritea: T havo beo t to serious disorde kidneys, to attend to 1 k Blood i eved me b alt as uned, 1 feel confident that thoy will entirely cure me.” . Acenith Hall, Bingharpton, N. “I'suffered with a dull pain through lung wnd shoulder, — Lost my spirits, and color, and conid with diffeulty keop up nll day. Took your Burdock Blood Bitters as di- rectod, and Fiave felt no pain since first week af ter using them.” Mr. Nooh Batos, Elmirs, N. Y., writes: “‘About four yoars ago Lhad an attack of Dilious fever, and never fully recovered, My digestive origans were weakened, and 1 would he completely pros- trated for days. _ After using two bottles of your Burdock Dlood Bitters the improvement was so vi ible that T was astonished. 1 cannow, though 01 years of age, doa tair and reasonable day's work., C. Blacket Robineon, proprictor of The Canada Presbyterian, Toronto, Ont., writes: “For years L muftred greatly trom oft-récurring headache. used your Burdock Blood Bitters with happiest resulty, and I now find myself in better health than for years past.” Mrs. Wallace, Buffalo, N. Y, writes: “1 have used Burdock Blood Bitters for nervous and bil- lious headaches, and can recommend it to anyone requiring a cure for billiousness.” —AND— Handsomest MARKET! For Sale by WM. F. STOETZEL, 521 South Tenth St. WISE'S Axle Grease NEVEBII GUMS! Used on Wagons, s, Reapers, Threshers and Mill Machinery. It (a INVALUABLE TO PARX KIS AND TrAMSTRRA. It cures Scratehios and all kinds of soreo on Horaes and Stock, a8 well as on """ OLARK & WISE, Manuf's, 385 lllinols Street, Chicago SWREND FOR PRICES. fe 24.6mn-ba Geo. P. Bemis Rear Estate Acency, || 16th and Dodge 8ts,, Omaha, Neb, ‘This (0068 BTRIOTLY & brokerage business, Does not spoulate, and thereforo o T on it books are insured to its of being vohhled up by the avensd, DISEASES EYE & EAR DR. L. B. GRADDY, Oculist and . Aurist, LATE CLINICAL ABSISTANT IN ROYAL LONDON OPHTHALMIO HOSPITAL. * Reforences all Reputable Physicians of Omaha. ‘Office, Oorner 16th and Farnham Bts. Oln"lhl. Nel antbmots A. G. TROUP, ATTORNEY - AT - LAW Mra. I Mullholland, Albany, N. ¥, writes: “!For several years 1 have suffcred from oft-rect ring billious' headaches, dyspepsia, and com. plaints peculiar to my 'sex. Shice’ asing your urdock Blood Bitters I am entirely relicved.” Price, 1.00 per Bottle; Trial Bottles 10 Cts FOSTER, MILBURN, & Co., Props, BUFFALO, N. Y. Sold at wholesale by Ish & McMahon and C. F. nian, Je 27 eod-me —WHOLESALE— LUMBER, COAL & LIME, On River Bank, Bet. Farnham and Douglas Sts., ONLAFLA, -~ - - RNIEIE. noSOmely T S, OAUI-I'IELD,_ ~——WHOLESALE— BOOK SELLER AND STATIONER AND DE. Wall Paper and Window Shades. 1304 Farnham St., Omaha Neb. ey MARBLE HEAD LIME CO.S Double Strength White Lime FOR SALFE AT ST.PAULLUMBER YARD C. N. DIETZE Lumber, Lath, €hingles, Thirteenth and California Streots, OMAHA, - - - NEB. so2lmelm LER IN— HEADQUARTERS BRHPO R MEN'S FURNISHING GOODS. ‘We desire to call the special attention ot the trade to our n elegant lines (at BOTTOM PRICES) of Underwear, Cardigan IN GOLD AND STERLING SILVER. WEDDING, BIRTHDAY AND GOMPLIMENTARY PRESENTS. PRBARI. RINGS, IN GREAT VARIETY: RUBY RINGS, WHIPPLE, McMILLEN & CO.,, JER WA IR X 2 DIAMOND RINGS, NOTICE:. BASWITE & WELLS, 1422 Douglas 8t., Nas 5th, Before removing to their new OPERA HOUSE STORE Will sell their stock of BOOTS: SHOES At Greatly Reduced Prices. Established 11 Years, Assets Ropresonted 2 o, C. T, TAYLOR 14th & Douglas DON'T IT BURNI My house and furniture is insured with C. T, TAYLOR & CO,, Cor 14th and Douvlas, Jackets and Scarfs, Buck Gloves, Overshirts, Overalls Hosiery, &c.,now open. Wholesale only. SHREVE, JARVIS & CO., Corner Fourteenth and Dodge Sts. WHOLESALE GROCER, 1213 Farnham St.,, Omaha, Neb. FEARON & COLE, Commissson Merchants, 1121 Farnham St., Omaha, Neb. Consignments made us will receive prompt attention. Referen: tate Bank, Omaha; Platd & Cor, Baltimore; Peck & Bavshor. Chicuxo; M. Work & Co., Cincinnati. : Z| STAR STOVE POLISH [§ § ]§ é I BEAUBRUMMEL BOOT BLACKING g MANUFACTURED BY "1 OBERFELDER & CO, IMPORTERS AND JOBBERS OF MILLINERY & NOTIONS, 1308 and 1310 DOUGLAS STREET. OM.A ELA, - - - NEBRASKA. The only exclusive wholesale house in this in the west. WHOLESALE DRUCGCISTS. ISH & McMAHON., 1406 DOUGLAS STREET, OMAHA, NEB. The Only Exclusive Wholesale Drug House in Nebraska SPECIAL ATTENTION PAID TO MAIL ORDERS. 18-me Max Meyer & Co. Guns,Ammunition,Sporting Goods FISHING TACKLH, BASE BALLS, and a FULL LINE OF NOTIONS AND FANCY COODS. SEND FOR PRICE-LIST. MAX MEYER & CO. Omaha, Ne CHARLES McDONALD 1RO E STRERT, NOW OFFERING FOR ONE MONTH ONLY DECIDED BARGAINS —XN—] Ladies' Suits, Cloaks, Ulsters, Circulars, Etc. AT COBT. 200 Handsome Suits, at 85 00; 300 Stgl(i)ah {Buits, $10,00; 76 Black Bilk Suits, $17, We have several lots of staple goods which will be offered at SEVENTY-FIVE GENTS ON THE DOLLAR. All ladies should avail themselves of this great sale of? OOBSETS AND UNDERWEAR, LINEN AND *MOHAIR ULSTERS, SILK AND LINEN HANDKERCHIEFS, LAWN SUITS AND SACQUES, CHARLES McDONALD, 89-00d-t 1 \ \ /