New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-22

LTS INSURANCE cONgEyI ToN
PROPOSED tonYAuoy oP NATIONAL CGArBfR on
INSURANCE.

ltel - hAL.
uu Sine Goth OF September last q { Invention a.
,rr'..,,s tar ,.rous le II.ara-ee omrali- of 6c
..i.r..s was i,l.f u.rorJ conn. 1aa. ror.s.lHn o'
as.I io .,.. u t.s Try oa ..e -i.- OF Move nbcf.
1. .oa,.rt1. u.. ycs.1ay n lie 'oous of tc rfami.1
rr-.. NJ E.aj D. S,c,,.s President Of uo New tn-
e.s.t u.,.aI la-..ra,, Company. presided
1.oI .' o.. l.a.e. Companies f.s f.ad . 'ioof kNoi
iu..,- N,t.yo-. represented l,. Fsr't lgaa, rrrs
,rn. lu..l Nrr IoIs NoI.h A1ir-is,n t'' No.h tg
3D. ro,ra1 re-dHr tu.'-l >.a,.- " y by o. frae
Ir. ..-. '.. rus nj Ng'r.l f.- o. ~. tny I'9..
,.,..r. r.,-.,au Union boston 1s hel Cooke, Pee
~ '.' '". >"i." NV , -, " " w,
S. So ..is uu gr.,lr'' Conn. .t.i lis ug.foid d. o.
.i,. ...a Hartford tby b. Vs. Wairurt OBJ. Caainorsa.
.t .ilr. e &c., white Gerrrl scnu ,oansotirui Gen
.d sl, IA 4 pror Geue-t iceati Har, Do N.'lcD, li'e
>, B. r Vail F.ssideuui Phe1N huiud t'iIod 10y VI
southern Mutual Memphis l'nH. "Y W. W. '''
~ S. b Morgan rrr.idrnr OF thc Nor!b AH-,.c,a Con
t NOTED preamble and report ~ thr Convent on 81
iiuo.d Doe a.ri'cl ior discussion; ,,r ,..,
'Is following extracts fhe preamble Wheh ''f i"l
% m..H object, rhr ON, rntiou -erA GO siian
|,H.al - e'ns - l"ur.ng- ,onI,.r. ,,' fp,' 'o'
49,. e S'.,1. .ul 'ls pl' AZ p.si, 20 ,t,..
Ia. ,i,. .i az s,r,..i re1s.i,,d ~ s.' n o.,
I.... ..- b. sni g certain '1"y
- 90 --' Nh poi '..i lA, b-. ' ''l. r.,
.u- 200 'as-i. ing1t 1s t'nlpla'". =, r,
~. i'a'' b.. a.a. ad ,,ssI 'hs' s's -s'a 'l.
ie'pac, Of some c'uP"st - Pm, ~ fi'n'-o. O. = "a
l-t DE D.y-fou-a, ,,-r. 20 ts.a'. Ii~ n'r7r.~ - 1
'nis'. ., " tt, ..t a.. ss,,,. ~ 81, ~
$1,000. -nlsng ato 'u .'n, Of -o,',usaa ~ 80! ., 20, .
',t ftee 'r- be .'u- t-a'on' % Il were ~ey 'ons. -
ea ss s I'D % , saf 81, sr-sis 20 ~, ara,
49,, u edo, aod,fs ssnsr,y W 81, ne prescott ,,iy
'rl1.e g,o' n , ,{ f.sr... t"n'g." \" Gage.
for he p'pys' hey woul orf,'ly 'esvsr ta ,rt y" ,
10 -sp.-tai -er s- pai,apL ,-iff'vrrnm-n A.
30 o. A~se.n '".l'nl1n nd % 'p,' ,'1 ~ ,ae
,r-pa ss Go" sbn Sao1 are tho f''on' r" n"
Tie, no, Wa iaue. Superas1ieht d he St,t, Io,aruos
Department thrn addressed ag Cpnvcnn"n Ne inil nic
n 49,, ..oraji,n WIS something dsirab, u1 81 would
s,ms eood limo but ne thought that association by whJh
interests " the country n)ld be brought 70
work ,reais with anpm,y throughout he 'nte coaa
ty gaa an ip,ct winch bs carried 1Ii The PLAZA
o. National Chamber set fo'ih bT Tho Cnanttse he ooui
port annasliy made for ne whole country wond the
syasm devised But under the present con,,ta
provision made under which National uf~ih could
be rgzed wh ample oees 20 soveri tAe eDr, insimno,
void her peculiar privileges winch shs' eH'y -
control ,hN.i insurance intercst lha would be q
companies ceDd not h"d better tribunals than
the St,e Lesnures ~ Judges hetwe,n me companies snd
wh-' calculated 10 the public interest 40 is rea
irons Ne, interests OF the country They must he
rst,f 80 that fbc insurance and The uer,,
sIaI ,, .,us6iei thereby We would haze seyercf laws
would InOlihcsOs sud tbcn would follow daets,ion 81
the mntic which would result IN good 10 the companies aud
companies although the Legislatures arc more DIS
Pos' represent the companies ,0scsd Of he paoic lie
found that tho new YORK Legislature
could gel Zee status 81 COMPANY which saw M 20 wii
uoJ DJ and IAN statement a, IT. condition The Legislature
enhudsl good sih the pst The companies sud this
be ~ done w having the te interests Of thc companies
I'D 81 s public 81 bsart 30 al cin 10 cOBerge tho weiare
ne iuuIanc, NJ ne state As public officer ks
would the Of roahct taxing place between NE pablo
md me oST'scs be sgei - Do all he could 20 conserve
5s sis,. s''' a. 0'"'''''' WV '''"'' ''
Ne No,rao P,es,acni of The kofth American Compsay
isn n1dcs.ol GosFentiOn liz differed opinion from
preceding e,k the question o. tbs establishment OF
At,,n,l H,els of lnsnrsace lie thought that soh b.
,,r could III, c,n.utonnly o abit,1 tnd that IL might he
I'D sanl@d ht either he Department Of the Interior the
,,g en,riaept woad have supervision Of H. What IN,
Insurance wanted intelligent legislation which will
tho operations Of the Companies. II the various
IPgstcs could agree ePon some general p1n which the
dr,uod V tho Insurance. Companies would be easily
tinci 1icic should be simple oote Of law, in all tie
Ssit 10 work uniformly throughout the country. This would
cr1ly promote tho intcrs'' OF he companies aud o. the
public fhme being no Likelihood OF tis being dons Il was
natural that the ioiance interest should give rs consideration
% toe establishment National Insurance Bureau, which
would meet the ,heci 6o1ghi FOR.
81 Ezur Wright ofoston then addressed the Convention
necty % harmony between the companies, md ese
only opIoou,ng The adoption OF Uniform plan OF valuation
Ths ABORTION Of Bueh plan WOld rn the expenses Of the
sDnreucs I WOad also id IN toe collection oi vital STA
ference OF with snOber IN the conduct Of the ihsu
business of the county Ans interference o. state legsa
with company waich spiesd selt all over the eooulr
iur the whole United Sisie. National legislation what
derei Congress shoud regulate the business II
ts1v constitutional right TO DO 80 n 10 regulate
business which constitutes commerce between Tie
oa,.. Governmental interference necessary ~ Great
Bs1 had proved sTeai success Hundreds of Life sgf
c, $50 ers had bccnrsabisled there act ~ pnfh
uelt nc lo he example Initiated in his country womb
prove erIssut SUCCESS.
NJ, 1oa Ea1c Of ne United STATES Life Insurance C0mTsny
"fs org sid t there was desire among AT insuIancr
n.Ltts ltorf plan NJ united action That F.ch plan
.oaa adopted was obvious The business otHe
rt-I ly1rlIt n The conntr1 There were 10000 families .l
CROSSED 10 DO The Sum invested lA had reached Gee enornous
al.r OI $500 O0000.
u-l-. ,g hes were made tI ~ l0s ~ EIs,I Sore
i.it of tls tmue,uGt Crn.-d Company e. = B4ssH
ilt..relt 90. ilD Eroy...lgl ui lfouCtIct hc.. r.
.-nL.-- Nn-.uL--l n !. LA.n