The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-09-18
hrMEssRs, EpIToRs A


in Jour paper Of yesterday, signing himself A
southerner took occasion to refer 10 the premiums
OF insurance charged hersabouts AS bens less than
rates charged in New York.
Being DESTROYS that the subject may be rightly
derstood, ~ it respects the connection which kth
mOnd merchants have with il, beg to state how the
remarks of "A SOutherner' may 10 Justly applied
to them
II is not to be inferred that there exists any good
reason why insurance in Richmond should be
cheaper than new York. On the contrary, our
companies stand desorvedly ashigh IS those Of an,
other city; and insurer would be Justified in pay
ing to them full aud fair premiums ass business
transaction leaving out of view the consideration
prefer for HON. Institutions, tied by a soutk
ern-rn." The low rates are mainly the work of TIL
Insurance Companies themselves; and white it is t.
the interest of Richmond merchants to get their IN
tursnce at Justly reasonable raes the prevniltss
premium cannot be cibed to move ments of THERE:
Is ior Inc EdI9sPs[y o. KeH1id That
whether her Insurance Companies 10 benefit
the public and themselves by under aking to de bu
surss at rum Jusly low rates. remains to b. seen.
Ii ID TO be inferred that mere hant- willing
TO par far ra.saI least 1t is reasonable 20 conclude
that TIL, would regard Il to tl"r true in
pay cCmpensat'nR premisms-anl am / OF .eat y
to aimt hst they. or At least ans very largo poru
# Them rXpect III syn to exact rates under lhss
charged IN New York, although am constraire.i !
observe that potion OF them are apparently ind
ferent about where or how they inssre. Surely
OF business men are directly interested in the
prosperity OF These institutions IN Richmond; for is
u we'll known that where the trade of c.ty is march
ing forward they happily supply the security for the
.tsainess Of it. career Then would not appear TO
and ALI other classes, 10 foster in their midst sae In
sura c. Companies in which they conld at all times
procnre protection from loss-and perhaps bank.
ruptcy. TO do this th"y shonld not only give to
them heir busne-s In the way of premiums promptly
and regularly. hut they should be willing, and lt-
sides prefer to ray adequate rates and at the "a NO
time their Influence in their behalf Now if this
| IA not done, land thu remarks OF Southcrner
suggest ~ least. that & il pO0Ti, done the CONNER
tlal interests ut your city not wi.oly directed
What il il that hnrs to make m the great wealth
md POWER Of New Work. more than tho vast amount
N In a arfa q
| The conn ry1 The Life Firn and Marine Premium,
ra'i to SCw York ns itutions which actually helnns
10 thcr cofrlnrrrai circles furnish 70 the merchants
| Il that city n vast business capital exceeding the
| combined Banking ca itai Of this SAltc.
Can Cnr business mon ahut th,ir eyes to thesr
EIts which arc well knowu a. 10 render stat f9tIrs
unnecessary Are they Aware that. in all prchabiIi-
ty. uof- than oEt h1Hsind ont Of every tin-nf
fr, nHsd5 III dollars w,rth Of the importaIions int
Richmond. 10y Richmond morchanls too nre insur-
Il In Richmond cOmpa nes2 lsit theCase ma tho nsn.
| ranre mcntell ia II IA, when gale takes place
hey re finrrrsiDely wG ,s nr Th"y .ll al.n
line was perfectly aafe in good heather that ther.
VAS no reason to expect bad bnt. strange 10 say
the blow came All of sudden. and lol It was very
severe. They want to he accommodated now, hy ~
eurantn ut the usual rates. But enough WIN fhpv
not aat then>selFes Wherc am doing nv insurance
Had hot beet lnsurn ct homer Can't / ihsnrn in
Richmond as VOL and safely rs elscN here? And
should not dose rousisten'y In fair ~ well as stht
IN, w-aihfri
Wnnla II shrnrisc arybody, If ~r we're 10 yentu,.
70 stAth that not less than 500 on 60 from Virginia
t. My i York s.ety yea for in.n,encei What an
tnerce OF Virginia. The loss Of n Part Of II hy the
lnsnrahce Oomranles were It retained here, world
not defeat the talcniationfor If n per cent Of tho
amount were finally saved II would te a smart item
giving increasing vitality TO trade.
So lS-lts RICHMOND