You are reading a page from The Insurance Society, Trade
Magazine (1884)
Part of the American Term Life Insurance History Project
Term Life Insurance
INSURANCE SOCIETY
^
SOCIETY NOTES AND ITEMS.
The 3Etn& Insurance Company has declared a dividend of 5 per cent.
The Gnar-iian of London has re-insured the Lonllard
of New York.
The Quebec Fire Assurance Company has declared a ^
dividend of five per cent. \
The JEtna Life Insurance Company has declared a
semi-annual dividend of five per cent.
The Hartford Fire Insurance Company, of Hartford, ^
Conn., has declared a dividend of 10 per cent. ^
Life Insurance Companies report a large increase in f
business in 1883, as well as an unusually prosperous year.
The Vnited Tire Ke-Insurance Company of Manchester, i
Eng., has applied for permission to transact business in ]
Massachusetts.
The Bat? on the Masonic Temple, of New York, which
was badly damaged by fire a few weeks ago, was thirty cents
for five years. :
Mr G W. Girdlestone has been appointed agent of the
Guardian Assurance Company for Winnipeg and the Pro-
vince of Manitoba.
St John, M.B.,has had a dog and cat show—200 dogs
and 50 cats were exhibited. This is the first cat show that
has been held in Canada.
The Boyal Insurance Company, and the London and
Lancashire Fire Insurance Company, are about to retire from
Austria, Hungary.
The Cobequid Marine Insurance Company, of Truro,
N. S., have announced a dividend of fifty per cent. on its
capital of $7500.—Herald.
The Losses by Fire in New York for the year 1883 are
estimated at $3.517,326, being a decrease of $678,640 from
those of 1882, which amounted to $4,195,900.
The Total Losses by Fire in Montreal during the month
of December ult. amounted to the sum of $i53,S37 and the
Insurance losses to $105,262. Not bad for one month.
Marine Insurance.—It is estimated that the losses for
188^ to Lake Marine insurance will exceed the gross
premiums by about $400,000. A profitable business.
The Fire Losses in Canada and the United States reached
the sum of $11,000,000 for the month of December last.
The estimated figures for 1883 bring the losses up to $103,-
000,000.
Mr Chamberlain, President of the British Board of
Trade, is going to introduce a Bill into Parliament forbid-
ding ship owners from insuring their vessels in excess of
their value.
The Royal Canadian Insurance Company will apply to
Parliament at its approaching session for power to allow
the Shareholders, at any meeting called for that purpose, to
reduce the number of Directors to not less than five.
Mr George W. Haves, of Milwaukee, Wis., Secretary of
the Fire Underwriters' Association of the Northwest, will
please accept our thanks for a copy containing the report of
the proceedings of the last annual meeting of the Associa-
tion.
Heavy Premium.—Hamilton Disston of Philadelphia is
said to pay annually in premiums on his life insurance the
sum of $20,000. His life is insured for $400,000, distributed
among 13 Companies, being an average of $38,460 to each
Company.
Mi David Burke, Superintendent of the Canadian Branch
of the New York Life Insurance Company, has appointed
Mr. Walter Brown of New York, general agent of the New
York Life for Hamilton and Counties of Wentworth, Brant
& Norfolk.
Mr. Ira Cornwall, jr., superintendent of agents of the
Royal Insurance Company, Liverpool, will please accept
our thanks for a copy of the " Royal " Almanac for 1884,
which, as usual, contains a large amount of interesting in-
formation.
The New Tariffs for Halifax and Prince Edward Island
went into operation on the first inst. That for the former
place was prepared by Mr. C. E. L. Jarvis, of St. John,
N.B., and that for P. E. I. by Messrs. C. E. L. Jarvis and
Chas. D. Cory.
Mr. L. H. Boult, joint chief agent of the National Assur-
ance Company, of Ireland, who has been seriously ill since
the 2oth of December last, is now, we are glad to say, con-
valescent, and expects to be able to resume active duties in
a short time.
Insurance Tax Case—From Quebec we learn that judg-
ment was rendered in a $1,000 suit by Mr. Justice Stuart in
re the ^Etna Insurance Company case, holding that the
city had no right to impose a tax on the Company as the poli-
cies were not issued there.
A new Life Insurance Company, to be called the " Cana-
da Temperance and General Life Assurance Company," is
going to seek for an Act of Incorporation at the next session
of the Dominion Parliament. Mr. Henry O'Hara, of Toronto,
is tlie promoter.
There are, to our knowledge, five candidates for the
post of Manager of the Royal Canadian Insurance Company
rendered vacant by the death of Mr. James Davison. No-
i thing will be done as to the appointment until after the
; annual general meeting.
Industrial Fire Insurance is being tried in England just
r now. The plan is to insure the household furniture, tools,
3 etc., of the working classes, for a weekly premium of id.
on each £100 insured. The People's Industrial Insurance
Company is the name of the new organization.
Twenty-one cases of fraud unearthed within a fortnight,
- nearly all in connection with assessment life concerns in
the United States and Canada, is a record suggestive of
the unrivalled facilities of that system for increasing the
11 population of jails and penitentiaries.
lf The Standard Fire Insurance Company of London,
Eng., has retired from the United States ; it has re-insured
its outstanding risks in the Phenix Insurance Company of
0 Brooklyn. The policyholders are to be congratulated on
lv securing the protection of this sterling Company.
o
Another Rumor Contradicted.—It has been reported in
-)f . -New York that the City of London Fire Insurance Company
11 ' was about to withdraw its American Agency. We are glad
rf to be in a position to state that there is no truth whatever
i- I' in this report. Dame Rumor is wrong once more.
so
INSURANCE SOCIETY.
JANUARY, 1884.
Thoroughly sifted—We wonder how many insurance
companies in this country have had their affairs so thoroughly
overhauled and made public as the Citizens at the late
trial ? It is evident there was not much to conceal, or the
company wonid never have gone through the ordeal.
We have received from Mr. David Burke, superinten-
dent of the Canadian Branch of the New York Life, a copy
of the New York Life Almanac for 1884, which contains
some valuable information on various topics. The cuts are
very good, and its articles reflect much credit on its editor,
Mr. J. M.Hudnut.
Why is a Co-operative like an organ grinder?—The
Coast Review answers as follows :—Both take up a collec-
tion, neither exchanges anything valuable for what is re-
ceived, and both receive contributions from people who hope
thereby to relieve themselves from the " music" and im-
portunities of the solicitor.
The United States Life Insurance Company published
its annual statement for 1883 on January ist. The new in-
surance written amounted to $5,231,000, being an increase
of 87 per cent. over the previous year. The amount of
insurance in force at date was $18,806,000; assets, $5,268,-
212, surplus $809,728.
The Superintendent of the New York Insurance Depart-
ment has requested the Fire Insurance Companies to make
their January returns to the Department on or before January
15th, if possible, as he is desirous of preparing the usual
semi-annual Exhibit in time to submit it to the Legislature
while in session.
The New York Life Insurance Company has, accord-
ing to French journals, purchased for its European head-
quarters, the extensive buildings on the Boulevard des
Italiens, occupied by the Cafe Richo, for the sum of
$1,000,000. This is considered an additional guarantee to
all European insurers in the Company.
Conundrum.—The first Inspector of Insurance was pro-
moted to be inspector of prisons. The second Inspector of
Insurance was brought from the blind asylum at Brantford.
The Inspector of Insurance for Quebec is also inspector of
prisons. Insurance seems, according to the foregoing, to be
a little above blindness but a little below criminality !!
Statement's and figures are now in order, and we fear it
will take a great many statements and figures to make much
profit out of the fire insurance business of 1883. Let us not
despair, however, but rather make up our minds that 1884
will be a more profitable year, or at least that, by taking
united action, the Fire Offices will endeavor to make it
so.
Mr. R. W. W. Frink, of St. John, N.B., local agent of
the Western Assurance Company, has been appointed spe-
cial agent and adjuster for that Company in the Maritime
Provinces. The selection of Mr. Frink for that position is
a wise one, as he has had considerable experience in the
Lower Provinces, and he is well known and deservedly
popular. We are sure he will be found a worthy successor
to Mr. A. W. Dodd.
Koyal Canadian Insurance Company—Injunction case.
The order of Judge Rainville to restrain the sale of the for-
feited shares was granted, pending the decision of the
Court upon the action to have the proceedings of the Direc-
tors in declaring those shares forfeited declared illegal. The
directors are well fortified, and do not fear the result. The
annual meeting of this Company will take place on the 7th
prox.
Municipal Taxation—The Civic Authorities at Ottawa,
have issued a circular letter to the municipal corporations
throughout the Province, recommending that a bill be intro-
duced at this session of the Legislature having for its object
the imposina; of an annual business tax on all banks and
Insurance Companies as well as other corporations. The
amount of the proposed tax on insurance companies to be
$100 each.
The Shareholders of the Canada Loan and Banking Com-
pany of Hamilton have decided to wind it up, it h aving
been found unprofitable to continue its business. Our
readers will remember that we referred to this Company and
the probability of this contingency taking place some months
ago. This Loan Company holds $16,250 of the Standard
Fire Company's investments, which, as we then stated, forms
the bulk of its, the Standard's, Government deposit.
M. Bennettjr., Manager of the United States branches
of the Scottish Union and National and Lion fire offices, has
issued the following timely circular to his agents on "over
insurance." One of the most serious and often unnecessary
evils that have crept into the business of Underwriting is the
granting the privilege of other insurance, without notice,
until required. In insuring buildings, please limit the amount
of other insurance. The unlimited privilege is generally un-
necessary, and deprives the companies of a most proper
safeguard.
LEGAL DECISIONS IN INSUEANCE CASES,
COMPILED BY
MESSRS. MONK & RAYNES, ADVOCATES,
MONTREAL.
SUPERIOR COURT, MONTREAL.
GILMAN VS. THE ROYAL CANADIAN INS .CO.
The plaintiff, a shareholder in the capital stock of the company,
defendant, for a large amount, seeks by his action that the forfeiture
made by the defendant of 2,843 shares be declared illegal, null and
void, and that it be prohibited from selling the said shares as advertised.
He alleges that the capital stock was originally $6,000,000, which was
subsequently reduced to $2,000,000, upon which 65 p.c. has been paid
or called; that the forfeiture of the shares was made in an illegal man-
ner, and that the offering of them for sale is equally illegal ; that the
directors of the company defendant agreed to have a sale, the result of
which would be ruinous to the company ; that this sale is decided
upon in order to furnish the said directors with the means of retaining
the control and direction of affairs ; that the defendant and its directors
did not announce the conditions of sale, and kept them secret, refusing
to communicate these to the plaintiff, with a view of selling them en bloc
or in a single lot with a view of frightening bidders away, and that
what the conditions really were respecting the sale of the shares was
not known.
After the return of the action the plaintiff, seeing that if he allowed
the defendant to sell these shares, his action would become of no avail
and obtain no object, applied by petition for an order to enjoin on the
defendant not to sell the shares in question pending the action.
This petition is based upon the same grounds as the action ; these
grounds may be classed under three heads : 1st. Illegality of the for-
feiture of the shares. 2nd. Illegality of the projected sale, inasmuch
as it is not stated how these shares will be sold, that is, with the amount
paid up on each, or as all paid up, or only free from the calls made.
3rd. That this sale will be ruinous to the company, and is only made
with a view of enabling the present board of management to retain
control of its affairs.
By its contestation the defendant alleges its right to declare the
shares referred to forfeited, and the fact of the legality of the proceed-
ings had to carry "out this forfeiture; the resolutions adopted by the
(Continued on pnge 21.)
JANUARY, 1884.
INSURANCE SOCIETY.
21
Fires in Canada during the Month of DECEMBER, 1888.
APPROXIMATE.
PLACE —NAME.—BUILDINGS BURNT. Total Losses to
Losses, lus. Cos.
ONTARIO.
3 BRANTFORU—J. Cockshutt, Grocery Store and
Dwelling......................
4 GALT—Geo. Jagger, Frame Barn......... ....
5 ORANGEVILLE—Stevenson &' Graham, Store-
house ..........................
5 PARIS—Turnbull & Thompson, Block.......
Jas, Muir, Dry Goods...... .... ......
Jas. McRae, Boot and Shoe Store.....
Chas. Newell, Fruiterer...... ...... ..
Paris Transcript............ .......
6 ROACH'S POINT—J. D. Edgar, Dwelling......
9 PICTON—R. Hadden, Post Office Block.......
Barber's Shop, Hardware Store, Con-
fectionery, Hat and Cap Store,
Photographers. ......... ........
9 PRINCETON—Mclnnes &= Co., Grain Warehse..
11 BELLEVILLE—Alderman Laroche, Stables.....
11 CHATHAM—Frank Ferguson, Dwelling ...... ..
12 TORONTO—Queen St., Frank Honisett, Stables.
14 WESTMINSTER TOWNSHIP—Ed. Cole, Dwelling
and Barn...... ...... ..........
12 CHATHAM—Laundry........................
13 DORCHESTER—John Hawthorn, Dwelling.... .
13 PICKERING TOWNSHIP—2nd Con., J. Carr,
Frame Barns...................
13 BROOKE—Mra. Harlaker, Dwelling...........
14 ENNISMORE Twp—Ths. Bradburn, Farm Barns.
Thomas Heard, Contents.. ......
14 BELLEVILLE Twr—Edward Travers, Bam and
Contents.......................
14 PICTON—John Brown, Tannery and Contents..
14 CAMI'BELLFORD—Rnthbun &' Sons, Storehouse
and Coals...... ..............
15 WALKERTON—D. Moore&« Son, Flouring Mills
and Contents Bd'g and Mach'y.....
15 STRATFORD TWP—A. S. Maynard,Saw, Shingle
andGrist Mills................
l5 EMBRO—M.Mann, Storehouse..............
Miss Macpherson. Cottage ...... ....
S. S. Wilson, Tailor's Store........
17 TORONTO—J. H. Hughes.Harper's Pattern Store
17 GEORGETOWN—Lewis Hartwell, Dwelling....
19 BRANTFORD—W.Bucks' Stove Works......
21 RODNEY—A. Struthers, Dwelling...... ......
22 UXBRIDGE—M. Couch, Dwelling............
22 BENSVILLE—P. Berner, Bakery .............
22 GUELPH—W. Bell 6-° Co., Organ Factory ......
22 TORONTO—A. R. Weir, Boot and Shoe Store..
23 MIDLAND R.R.—Passenger Car..............
23 KINGSTON—4 Dwellings ...... .... ...... ....
26 MULMUR Twp—Geo. Robinson, Farm Barn..
28 SEAFORTH—A. G. Egmonds, Woollen Mills...
30 BROCKVILLE—A. Robertson, St. Lawrence Hall
M. Comstock............. ....
QUEBEC.
B 800None.
C 400300
400None.
20001750
B jooo4'oo
C 150008500
C 40001500
C looo6oo
C 2000l8oo
5000 No Rp.
B 55°55°
1500
6oo
1800
C 20002000
22002000
250150
1200None.
710 500
900 900
200 None.
2000 1380
275 275
B I554 570
C 79° 734
2500 No Rp
3000 1925
3309 33°o
12000 95°°
4650
375
tioo
75°
C 1209
B 750
2000
No
850
looo
1000
^75
6000
3000
1200
B 1250
C No
20000
C 7ooo
B I2000
3150
375
450
None
980
75°
900
Rep
500
None
250
575
4500
3000
None
1042
Rep
5000
2500
6500
I MONTREAL—229 Notre Dame St., R. Beullac,
Church Ornaments. ........... 11275 Iiooo
Notre Dame St., Dufresne & Mon-
genais store .................... 200 2oo
I MONTREAL—Napoleon Road, M. Lafontaine,
Dwelling. ................... 2500 I loo
S MONTREAL—McGill St., H. Haswell 6- Co., Loss. Ins.
Drugs and Chemicals.......... 60000 45000
Evans Estate, Building.......... 5000 5000
McGill St., E. Neild, Wholesale
Dry Goods........ ......... 600 600
8 MONTREAL—Bonaventure St., Craig's Furniture
Factory ....... 50000 20000
Phoenix Electrical Company
Machinery and Stock.. 1117 1117
Joseph Trudel, Box Factory... 145 145
8 ST. ETIENNEDE LAUZON—H. Bilodeau, Dwel-
ling and Barns .... ............... 2500 None
9 MONTREAL—Vitre St., P. Gervais, Blacksmith's
Shop........................ 1300 1150
L. Mantha, Dwelling. Furniture. 300 None
P. Prevost, Dwelling... ........ 300 200
Albert St., E. Samuels, Locksmith's
Store ....................... 200 150
10 MOSTMORENCY FALLS—F. X. SOUCY, Dwel-
ling and Stables................ 1250 No Rep
14 QUEBEC—Citadel, Captain Wilson's quarters... loo loo
16 ST. URBAIN—2 Buildings.... ...... ...... .. 7000 No Rep
20 MONTREAL—Strachan's Soap Factory........ loooo loooo
23 QUEBEC—Hamilton St., Presbytery R. C ...... 112 112
23 MONTREAL—Guy st.,J. D. Tessier, Carpenter's
Shop. .................. ..... loo loo
St. Sulpice St., Stirling, McCall &
Co., Wholesale Dry Goods.... .. 2500 2500
St. James St., Montreal Printing Co.'s
Office....................... 4900 4900
St. James St., Savage 6- Lyman,
Jewellery Store................ 3000 2000
24 RIVIERE DU LOUP—J. &'. J. St. Pierre, Store
and Dwelling.................. 3000 2ooo
27 MONTREAL—Visitationst.,M.G. M.Gauvereau,
Dwelling...................... loo loo
27 CLARENCEVILLE—A. H.Martin,Frame Dwelling B 1300 8oo
31 VALLEYFIELD—B. Vian, Store, Hall and Dwel-
ling .......................... 3600 1700
NEW BRUNSWICK.
7 PORT ELGIN—Miss M. Barnes'Store.......... B looo 8oo
Geo. Lawrence, Store............ C 2ooo None.
7 FRBDERlCTON—Wm. Wheeler, Queen's Hotel,
Stables, etc................ B 3500 None.
Jno. Edwards, Queen's Hotel,
Stables, etc................ C 2290 2290
M. Campbell, Barn.....,,.,,,. loo loo
Orr &' Ritchie, Coach House... No Report.
18 NORTH LAKE—York Co., David Cropley, Bam 1200 None.
31 ST. MARY'S—King's Co.,S. S.Legers, Dwelling
and Barn.................. 1500 None.
23 MIDDLE SIMONDS—Carleton Co., J. W. Moore,
Dwelling...... ...... ...... 950 750
24 McADAM JUNCTION—Watts, Dwelling and Cus-
tom House................ 1500 6oo
29 WOODSTOCK—Mary H. Humes, Dwelling..... 2SSO 1650
NOVA SCOTIA.
14 HALIFAX—Government Steamer Napoleon III. looo NoRp.
16 HALIFAX—Queen Building............... ... 40000 25000
V. J. Gibson, Clothier........... 15000 l2ooo
M. B. Almon, Office Furniture.... 200 2oo
Graham, Tupper &' Berden, Law
Books.... .................... 500 None.
N. W. T.
16 RAT PORTAGE—Stores, Dwellings, Offices, etc. 75000 loooo
Board of Directors declaring them forfeited. If alleges in addition that
by a resolution of the Board, adopted on the 2oth November, 1883, it
was resolved that the said shares should be sold at auction in accordance
with the provisions of sec. 3 of the Act of Incorporation of the Com-
pany, that it was not the intention of the directors, as falsely alleged in
the plaintiffs' petition, to sell the said shares en bloc, but according to
law that is to say, the shares of each shareholder. That according to
the present market value these shares would realize $42,000.
What the petitioner asks by his petition is purely and simply that the
parties remain until judgment on the action, with the same advantages,
that is to say in the same situation as they were on the day of the
application. This is the application of the fundamental principle of
our law. Pigeau, page 116: "The authority of justice," says he,
" being only interposed in order to render to each what belongs to
" him, the parties must, until the demand is adjudicated upon, remain in
" the condition in which they were at the time it was begun."
j What would be the object of the plaintift's action if, while it is pend-
ing, he has no power to suspend the sale of the shares in question?
Once the sale takes place his action is deprived of its object and its
Aim. Now, does he show in his demand a sufficiently plausible right
22
INSURANCE SOCIETY.
JANUARY, 1884.
to justify the Court in granting what he asks for, for if his demand is a
futile one, made with a view of obstructing certain rights, the tribunal
in its discretion, would not be justified in interfering ; but if the plain-
tiff shows an apparent right, a serious pretension, it becomes the duty
of the Judge to furnish him with an opportunity of submitting his
demand to the tribunal, and to refuse the petitioner the order applied
for by him would be virtually to put an end to his action.
And I find one of the grounds set up by the plaintiff sufficiently well
founded to justify me in granting the order asked for : I referred to
the second one, illegality of projected sale. In reality the law fully
gives a right to the company to sell the forfeited shares [sec. 3 of the
charter], but how must this sale be made ? What will be sold ? The
first comer, uninitiated in law, would naturally answer, they should sell
shares in the state in which they were when they were forfeited. That
would be the natural inference which any one would draw from the
provisions of the law, which is in the following terms :—' If any stock-
holder or stockholders shall refuse or neglect to pay « * » * *
such stockholder or stockholders shall forfeit such share or shares as
aforesaid, together with the amount previously paid therson, and such
forfeited shares or share may be sold at public auction after such notice
as they may direct." The amounts paid on the forfeited shares are not
the same on each share. It was, it seems to me, the duty of the Board
of Directors of the Company, defendant, to indicate in their notice of
sale what they were going to sell, that is to say, how much was paid on
these shares, in a word, to indicate and describe the thing sold. At the
Enquete it was established that it was the intention and the decision of
the Board of Directors to sell these shares free of the calls already made,
that is to say, paid up to the extent of 65 p.c., irrespective of the
amount paid upon each. Now it is proved that on the greater number
there was 30 p. c. paid on these shares, and there were seme on which
there was less.
Has the company the right to make a sale on such a basis on the
resolution of its board of directors ? I greatly doubt it, and in any case
the question is worthy of being submitted to a superior tribunal, for the
decision would be a precedent, and this is a determinating ground why
I should order the suspension of this sale.
Let us see what in reality would be the result of this sale on the
financial position of the company and upon the value of the shares of
the present stockholders ; there is a difference of opinion upon the
amount the sale of these shares would bring ; according to the plaintiff
in would not bring more than 10 p. c., or $28,400, and according to
the defendant it would bring 15 percent., or $42,000. According to the
admission of the Secretary of the Company the shares are now worth
on the market 55 p. c., or $20 a share. But he admits, at the same
time, that the real value of the stock is much greater than that of the
market. If, then, these shares do not sell for their real value the
purchasers will share with the present shareholders in a capital, the
value of each share in which will exceed what was paid for those thus
acquired ; in other words, these purchasers will become partners, with-
out paying the equivalent in benefits which the defendant now enjoys.
If any one wants to verily the result he has only to make a calculation.
Suppose that the real value of each share is to-day $25 ; there are 17,-
ooo shares, the total capital stock would then be worth $425,000. Now,
what would be the position after the sale ? Even taking the opinion of
the defendant that these shares would bring $40,000, we come to have
a capital worth $465,000, or, for the 20,000 shares of which the com-
pany would then be composed, $23.20 per share. Each share would
thus have reduced in value $1.80 by the operation, equal to a total
loss to the present shareholders of over $30,000. And if we adopt the
opinion of those who think that these forfeited shares would not bring
more than 10 per cent.. or $30,000, the loss would be clearly much
greater. The petition is therefore granted, the petitioners to put in
ecurity to the extent of $1,000 within three days.
ADVERTISERS
Can learn the exact cost of
any proposed line of Ad-
vertising in , American
Papers by addressing
Geo. P. Rowell & Cos
Newspaper Advg Bu-
reau, i o Spruce St., N.Y.
JACKSON RAE,
GENERAL FINANCIAL, INVESTMENT
AND COMMISSION AOENT,
Office: Royal Insurance Chambers, Notre Dame St.,
MONTREAL.
QF.ORGE J. PYKE,
GENERAL AGENT FOR ONTARIO
QUEBEC FIRE ASSURANCE CO'T.
OFFICE JANUS BUILDING,
Wellington St. East, - - TORONTO.
]y[ONK & RAYNES,
Advocates, Barristers, Commissioners, &c.
CHAMBERS : Nos. 1, 2 and 3, over Jacques CartierBank,
No. 7 Place D'Armes.
P. "D. MONK, B.C.L.. Cominisaioner for Manitoba.
CHAS. KAYNES.B. A., B.U.L., Coinisamioner for Ontario.
T EWIS & KIRBY.
ij
FINANCIAL & INSURANCE AGENTS,
WINNIPEG, - - - Manitoba.
QTEPHENS & LIGHTHALL,
ADVOCATES,
34H NOTRE DAME STREET, MONTREAL-
P H. SMYTHE, LL.D,
BARRISTER,
KINGSTON, Ont.
J. CRADOCK SIMPSON,
Real Estate, Insurance and Financial Agent,
No. 191 ST. JAMES STREET,
Telepho,, Oonneotion. MONTREAL._____________
A. G CLEMENTS,
REAL ESTATE & INSURANCE AGENT,
972 QUEEN ST. WEST, TORONTO.
Parkdale and Suburban Properties a specialty.
D. W. CLENDENAN & D. J. LAWS,
10 Equity Chambers, 20 Adelaide St. East, Toronto.
Dealers in Suburban, and other Properties solely on their own account
among which are the Original Wegt Toronto Junction Lots on the Old
Carltoii Kace Course._______________________________
WM. A. LEE & SON,
LAND, LOAN & INSURANCE BROKERS,
Estates Managed.—Bents Collected.
Agent*—Western Fire and Marine Assurance Company.
Office—10 Adelaide St. East, Toronto.
T. D. LEDYARD,
REAL ESTATE AND IINING Wl
231 CHURCH STREET, TORONTO.
Prince Arthur's Landing Specialty___________
FAIRBANKS & CD'S
STANDARD SCALES
Warehouse, 377 ST. PAUL STREET^
MONTREAL,
SCALES OP EVERY DESCRIPTION ON HAND.
BUY ONLY THE GENUINE_______
PANVAS HOSE
For Mills, Factories and Fire Brigades.
FENWICK &SCLATER.
229 & 231 COMMISSIONERS STREET MONTREAL,