xxiCill   7'11'E -7'1'-.N 771 _J J•J•r'.1I, REPO 7' OF viii,'

easy enough to get, become incorporated and may organize for any of the above named purposes. Under which of the enumerated purposes they claim the right to do this live stock business, whether under the words "Inutual benefit " or the words "sporting purposes," it is perhaps not worth while to inquire.

The following associations have been incorporated under the above named act, at the dates and located as follows:

   ality.   Date of in-

La   corporation.

Ancient City Mutual Benefit Live Stock Owners' Ass`n   Schenectady.1 Dec. 10, 1886.
The Empire Horse and Cattle Owners' Mutual Ilenelit

Soeiet   New York.... April 23, 1886.

Equitable Live Stock Mutual Reserve Association   New York.... Jan. 18,1887.
The Horse Owners' Mutual Benefit and Iii lenInitySociety

of New York    New York   Nov. 5,1886.
The Lice Stork Mutual Benefit Association of New York. New York....' Feb. 18, 1886. The National Stock Owners' Mutual Benefit and indem-

nity Soi iet y    Schenectady. Nov. 24, 1886.

The New York Live St ,t'k Mutual Benefit Association   New York.... Dec. 15.1886.
The Pt t'etive Live Stock Mutual Benefit Society of New

York    New York.... Nov. 24, 1886.
The Prudential Live Stock Mutual Benefit Society of New

York    New York.... Dee. 31,1886.

Although there has not, as yet, been any j udicial decision by the courts of this State on the question, I think it would be safe to say that the Legislature which passed this " Club Act," did not contemplate that it was framing a general statute for the creation of Insurance Companies.

As a matter in which the public is interested, it may be proper to add that under this statue, these companies are not required to have any capital, nor to maintain any reserve fund whatever as security for the payment of their obligations. They are not required to report to this Department and the Superintendent has no right to examine them, nor any jurisdiction or control over them. .

NAME.