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The Home Insurance Company

The Home Insurance Company image
Parent Issue
Day
6
Month
January
Year
1871
Copyright
Public Domain
OCR Text

New Havev, Conn., January 1. Tbe cnmmitteo nppointed to investígate tho atfairs of tlie Home Insurance Jompany of this city reported at an adourned meeting on Saturday morning hat there was but ono way to save tlio ompany, viz; by reducing tlie capital tock to $100,000, raising a now capital of at least $300,000, filling tho defioinoy ia the assets by raising tbe additional sum of 150,000, and by keepcg the reinsuranco futid iu 'act. Tbe assets of the company are eufïicient to )ay ita present liabilitics except the rensurance fuud. The suggestioni" of the oommitiee were adopted Theold stock was reduoed to S100.000 One bundred thousand dollars has been donnted toward filling tho deficiency in the reinsnriince fund, and 8100,000 s'ibscribed to the uew capital. A committee has been appointod to solioit subscriptions for tho amount remaiuing. A perron benig aeked what was meant by tlie "realities of life," answersd, 'Real cstute, rel money, and a real ipoi dintier, none of which could bo realized without real hard work." When Paris was found to be too i ight a place for the bnnk of France, ;lie bank wub taken to another place - Toulouse.

Article

Subjects
Old News
Michigan Argus