The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-27

mspenty organized by the ele e,ion Of the following gen
| tismeL:-
= s wipston Mutual Lite, President; Norris Franklin,
N York Life Vice Ps.sdept John Eadie United States
| LIE. secretary, and Sheppard Honans, Treasurer.
Delegates from Yearly all Tho life companies
in the United sttes and Canada, together with two or
three representatives from gland present. and
vcrsi gentlemen officially connected with any compa
ny were elected honorary members. OOnnittees we're
appointed rates. the mortality in the various geo.
graphical divisions Of this continent vital STATISTICS the
renewal Of lapsed policies, and State legislation
After the transaction Of other unimportaDt bust.
at which time the vIcE PRESIDENT introduced
be Freshest elect, Mr. S Winston, who WAS unavod
ably sbsept the morning He them for the nouor
they had consered upon him. and iDtmAted his intention
ceedinSs.
Mr. iRANKlN, from the Committee on Committees, re-
F,tsl Sfat,shcs-S. HomaDs, Mutual Lille: John Cadie
United ssstes; lieutenant Lewis Acrri, Pennsylvania
EStra Rdes-lsssc Abbott Mutual Life; Guy r. Pheps
London
Rem 9aI Of Lspsed Polscies-Morris Franklin New York
Lbe; Benl Chickering, Berkshire Life; n d. Morgan,
United Staiee
Stale L<sislatio~-E A. Buckley, .fIua; Benjamin
Noyes American Mutual; A. BLMcLonald ROYAL OF Liver
pool
The President said that the object they bad in assem-
onbg together wss SIMPLY " acquire all tine informal
Is possible Tor them 70 collect rega ding life
companies and that any action that might be taken would
opy be reccmmenoa,ory.
M FRANKLIN stated that the projectors of the Couveu.
Ton did rot desire To dictate u ANY company but they
met Simply 70 collect all the knowledge upon the subject
which the experience and suggestions OF the delegates
committee Of five was appointed to make the ueces-
ssry arrangements for the dinner Thursday evening,
morning.
SECOND DAY.
The Convention met Thursday and as soon as the
minutes Of the preceding meeting read repor.
presented After dividing territory Of the United
States and Canada several classes the
ssyln regard 10 The second pointcoiecton OF vital
tscs 10 which the attention Of the has been
Greeted they wish 10 state that the limited allotted
10 them Will scarcely allow any oiser than cursory
tlsDce at Ibis important subject IL by
matter OF graduation TO find that every American Life
Company without exception has adopted races of pre-
niu1o and rules Of valuation BASED upon observations
made three thousand miles Toat with upwards of
COO at risk The lives Of more than 81, 900
American ciuzens united effort should have made
by American life companies for dedocipg the prevailing
OF mortality. II the English tables in nse and
| mortality prevailing among assured lives this coun-
try, then, h1weser morttyipg would be to feet that
| we benefited by the skill and labor Of friends
arross tie ,laOlc, without making any compensa.
| ton by way Of return, the evil would be essened ;
but such is not the The tables of mortality uoW
used this country all detectives being the of
observations made upon miscellaneous Communities of
mt women and children and of all ages, they
represent satisfactorily the rate OF mortality prevailing
among assured lives. who are in many respects peculiar
clsss The Influences which surround the American are
different from those shich surround the European aud
the comparative vital force, ability IN resist and
death wares at different on the two continents The
evil practical and under their control The re-
port coDhnuesNo company 30 small not to be able
to contribute tosarns the formation Of such table,
and bo company SO large as not to derive great
advantage from II. Such table is essential TO the
pfoler understanding and solution OF all questions
involving the duration Of life. knowledge of toe
laws Of mortality ia the very and foundation of
the syst Of ne insurance. Without it, the whole
scht ne would be but guess work. with such table, life
Insurance becomes scence-a noble science-secoDd
10 other i'll its bene6cent Influence upon mankind
In view Of the great pecuDiary interests involved the
Committee are OF opnion that il would be advisable
for each life company ia the United States tribute
CERTAIN data by which the combined experience OF all
American companies be deduced, having special
ference to the comparative mortality in the different
classes into which country has been divided the
comparative nor alty at different ages epochs Of e
and the comparative mortality under whole life and term
policies Il was IN this manner that the celebrated
"Actuams," Combined Experience Table of Nor.
tally obained which in spite of many serious de-
iects still tue best representation the value Of
cured lives England extant With ad iitiona exper.
and Dios maIoD, and by avoiding the which
materially dlmnish the value Of this celebrated table,
The American companies have now opportunity of
making a national liable Of mortality which, while II
will be OF great practical value TO each and every Ameri-
can company viii also be an important contribution
science. We append blank forms of return
The PRESIDENT SAID that the Convention should consider
the mailer Of sanitary guatOps and read extracts from
The OF the late Commodore Perry, Commodore
Paudg and other gentlemen establishing The fact that 70
Northern ensranis decayed vegetation, sasnaut water
and tropical sun acting on all these Conditions,
Other delegates spoke ia the strain, when the
President nqurea II the modern improvements ia gun
merry were Dot likely to make battles more bloody
LeuteDsot MERRILL replied 10 a lengthy and interesting
speech lie SAID that the risk OF insurance in that
spect not great generally believed and he
Of the opinion that If Increase tue
age tsenty AL the risks from wounds received
IN bat,le would be covered An Eoel'sh writer mad de
nopsuaIed that in the Napoleonc, Revolutionary AID
Crimean wars The actual mortality was one to every
10 600 balls fred.
Several gentlemen spoke the question: when the re-
port WAS Unanimously adopted and on motion, the Com
mee Ga Vita Statistics we're requested TO ascertain tde
Of mortality among the assured under short polces
The Committee heDe~ ais and Lapsed Policies report
ed that would be inexpedeDt Tor the Convention To
any acton at the present lime.
In. Committee Leg presented elaborate re-
port, rccon amending the appointment of committee
dra general law applicable 10 aority OF the States
relave TO e Insurance companies Incorporated by
States, and the agencies OF such companies in wh
fofeen life insurance companies shall be properly
provided for, upon the principle
sDies of other States: and TO also prepare blank
adap'ed TO the Law for aplua returns by such comoanie
present the at the meeting OF the Coovea
Buckley. OF Connecticut; Mr. BorDer, of Pennsylvania
Mr. PidDket, OF Massachusetts, and Messrs. Jones aad
Noyes. of Connecticut.
Ar. MORGAN offered resolution, which was adopted,
desiring committee TO report whether the present
current rate Of interest permanent investments
would be bkey TO DE advanced or diminished
Mr.. ChicEERrNG presented the suboned preamble AMI
resolution. which we're adopted
Whereas, It is the OPINION Of this Convention (n ac-
coroaDce with The report already adopied) that very
desirable that each OF the companies the United STATES
should unite IN contribution toward the determination
OF the general experience Of the of mortality among
assured lives 10 the United States.
Resolved, That Messrs Romans and Eade, of New
York, and Russell, oil Hartford, appointed commite.
to carry into ELECT the report statistics adopuel
by tine Convention.
On notion, the Convention adjourned 10 meet on the
requson OF three Of the companies represented IN tao
Convention.
THE BANQUET.
TIE members OF the Convention and several invited
guests met in the evening and partook of bouneous re-
past, TO which full justice DONE Morris Franklin,
Esq Vice President Of the Convention presided who n
prefscng the regular oass made eloquent
upon the subject Of life insurance Among all the chart
table and phanthropc Institutions that adorned the age
In which we hveo, there we're few which emphat
cally commended themselves TO feelings and j1og.
meat than those which were connected with life insd
rance The companies did not profess to guarantee
exemption from death, poverty, disease, tho
many II g which flesh is heir 10 but when the cold