A correspondent sends to an English paper the following aa an illustration of the difficulties" of doing life assurance business in foreign countries at a distance from tbe central management. The mutilated body of a murdered man was lately found in Neusolh, in Hungary, aud was recognised as that of a cattle-dealer named Grunenbaum.
His tvidow applied for the amounts for which Grunenbaum's life had * been assured, but the company instituted an inquiry, which ended in the arrest of Grunenbaum, tbe supposed dead man, who had murdered a man, and then put his own clothes and papers upon the dead body, the face of which he had mutilated beyond recognition. Grunenbaum had arranged that his " widow " should start for America on receipt of the money, and he would join her at the shipping port. In this case, as in that of Udderzook, reported from America, the company made Icareful inquiry before paying tbe money, from which it may be reasonably inferred that such frauds, or rather attempts at fraud, are not uncommon. A few dozen such inquiries in different countries, going on at the same time, would need the services of a staff of very experienced and expensive detectives. In an arliole headed "The Requirements of our Trade with Auatralifi," the' American Exporter saye: — "It is admitted that the wools -frown io Victoria, New South Wales, and Tasmania, ore tho finest in the world, and tbe manufacturers in this country have long since discovered that without un admixture of these fine wools it is impossible for them to make the finest descriptions of cloth. NotwUbtflnding this, our mill-owners are virtuallylpfrohibited from purchasing Australian wools by the existing tariff, which amounts fo beiwen 50 and 60 per cent ad valorem. We consider it the duty of Congress to taka this matter into consioe.' ation afc iis earliest opportunity, so as to remove this obstacle lo our trade with Australia and New Zealand, who feel that thoy have a right to expect, it, while we admit that we need their wool aa free of cost as our rivals in tra£e admit it to their markets. In order th«t a still more rapid development of tho co'".m( rcial relatious between Australia and the Uuited Stotes may he secured, it is evident that the Government at Washington should remove some of the oxiaa'ng restrictions wiih much enterprise in that direction is now handicapped, for if America desires to sgli, che must be prepared to buy, as trade always resolves itself iuto paying for coca-mod hies by com. modities." *^*wsi-''^^Yii»'4fe';_*sE_^_«/i'^^
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Bibliographic details
Nelson Evening Mail, Volume XV, Issue 183, 3 August 1880, Page 4
Word Count
425Untitled Nelson Evening Mail, Volume XV, Issue 183, 3 August 1880, Page 4
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