The New York herald., 1867-02-21

y,
G. Abbott. Shoe and Leather, Boston.
A. Bowker, North American, Boston.
James l. Armstrong american Baltimore
N. Bennett, Jr Connecticut, Hartford.
Z > Parish, Atsntic, Providence.
J b sedsnsrecker: National, Baltimore.
X M. Little Gen's Falls Insurance Co., Glenn's Falls
T.. Browne. Howard Boston tn
+. Leainard, Norwich Insurance. Norwich. Conn.
Augustus n. Currier, Peoples. Worcester, Mass.
; G. Could, American Mutual. Newark, N. ].
J. G. Turner. Equitable. Providence.
j. r. Chadwick, Garden City. Chicago.
J. II DeWois, American, Providence.
Asa LYMAN, Gaspce Providence
g. n Webster City Fire, Hartford tN
B. Il. Hopkins Madison Mutual Madison Wis
s Warner White Detroit Fire. Detroit
e b. Smith, Western Insurance Company, Buffalo
W. L. Polio, Merchants, Chicago
There also representatives present from the local
So,rds Of fire underwrers Of the following places
New Haven, Conn; Savannah Ga- Albany, N Y;
Auburn N y. Philadelphia Pa; Troy, n X; Chicago,
field. V''i Tass Hartford cone schcnecasy @ S9rTs
Portland, Maine: Detroit, Mich Canton N " Provi-
ssa's ws s Baaso Tsa' u osnsso rsss
N Y; owego NJ Y: Peoria, H.. Syracuse, N. Y.
After The meeting had been called to order and the
reading Of the minutes of the last meeting Of Ma
ons Board. and also those OF the meeting of tho Ex
ecntive Committee dispensed WITH committee OF three
resolution adopted providing that the cordial CO
operation snd contribution TO the expenses Of the Board
be regarded the test or membership and that officers
of insurance companies and general Of fore ign
companies be alone admitted, each company being
allowed vote. 4'e
MT. L. j. CosKIIsG the part of the Reception Com
mittee. thsn extended hearty welcome to deegate
from other ci'ies on tins occasion lie knew hat he spoke
tho sentiment Of every member Of the Board
Of Fire Underwriters, and expressed his graft
fcation at seeing SO many gentlemen whose
their names familiar him as those of tho under
writer's OF this CITY, They met in crisis Of ordinary
kind and their common interests called for the utmost
and study. Mr. Conkiing concluded bv again
pressing his qualification at the Of the delegates
from abroad; and, when be resumed his seat, tho
Lieutenant Governor woodford who expressed bis sym
pathy with the Board and stated that he would be With
them IL 10 were possible TO do f
| on motion Of Mr. D. A. HHAID the Executive commit-
tee was directed 10 prepare code Of bylaws, the
Board in the msanss to bc governed BY the usual par
Nv HriLp then subsoitted report from tho Exscu-
two Committsc, d which the following IL shstract
a6 REr0RT on THE ExKccrrvE COMMITTEE
Aner referring to the damage done 70 the insursDcs
business previous TO tho organisation Of the National
me onsocy M sspanasS a. almost i IN ne ves
collapse and the fluctuations In The value Of property
suddeDtbe report adds Under all these disturbing
influences the busness of insurance experienced
the effects Of The change and began TO realize the folly
Of the great reduction in raees ensendered by the
rscKisss compstsIcn consequent upon such prosperity
So sudden and violent this change that found
s on ss ss
scventy-one per cent from fttythree per cent the
aver.se on the previous nvo years while the rst sIx
OF 1866. The losses Of 1865 had risen TO the
enormous figure OF S4ae00 0c0 as compared
i've years ana the nrss six months Of 1868 exceeded
the entire losses or 1885, The expenses Of conducting
the business including ares had increased about
twenty per the gross premiums OF the pre-
vous FIVE yenrs 70 per cent at the close OF
81 Is OF FOR so
risk while At the end OF 1866 there only 50 81 to
the same amount.
interest Importance however the report stated that
the great object of this Board has to secure ad
vapced 70 reasonable extent which should be re-
munerative and uniform than had heretofore pre-
vailed 1t has not been its object to deal opprcssyey
or lay too great burden on the general nsurng public
rates as to be more uniform on ALL aud
place the insurance capital on sure basis,
promises, indemnity against loss BY fire From an ;n.i-
knowledge OF the whole field the committee
paint Over two hundred local boards with rates more
less advanced and uniform in character have been
organized under the auspices OF The Executive Commit
tee and the favorable results arc apparent to all Al
though the fun results have not been realized the ad
gained has done much 70 relieve the increased
losses that have fallen upon the business during the
six months and the rates shall have
adequate standard reasonable degree Of profit
vsseS a m susoss % beneficial IN IS cnacser and 50
essential to the trade and commercial Interests OF the
country.
Mr. HHALD madc some additional remarks, saying that
there wore x hundred local boards distributed in
rcspcsdsncs With these was voiunlnou 70 attend 70
which she commiltss had engaged CLERKS They did mot
propose % Isssase too much me board psopo:ed 70
conne its operations nearly possible 70 The advance
Of .er uniformity Of rates. the prevention q 1res and
such other Suggestion might b tending % their good
lion dollars and the business was passing through
and Commissions, which was pubshed in the HERALD
* yesterday. Wa nszt submitted BY Mr. cxowHIr, and
Tks rspors of The r.srcs Committee stated that Il !
meeting m The Executive COMMITTEES, held on the 18Th
and 1Sih Of December ias, n was recommended that
socc ~ E q y. somusnss compcsss Co s scs Tss ~ss
done In responss eS 3s bed been paid n 70 the treas
Which S., S:n "a o = y nsss y s.1s vp
bssn paid the sum VIII b s1fhcisns 70 cancel all IN
debtedness FOR ths psss ye ne report was accepted
PHssh, was resolved 70 pIacs TAX Of 01o on each
IS o00o00 q risk belonging 70 mutual companies
schedule ss ssssns % sss report q Ss csnnss o. iocs
Boards, 30, was next taken up lengthy dlec0ss1en
snsoee and .mendnsst afsr amer @ auens was offered,
Pssss s 1S7ii q PhiiadspSis - ''''''~ :" -
nc.ss Tass ne sense ?, sn,v ss sSars H.: ss s.
As Cossai-s % Rates. sud that !he mappuAon o. The
S viz i ss.ass Sss .sS VII % %
sc -: . ss &c q :spd IN such
During the time between The Introduction Of the sub.
isct Of rates and The adoption q Mr. Pc resolution the
scissd some discussion, but vas finally acceptsd the
dsouaon on Tho subjsct Of participated in BY
many gentlemen present. who appeared desirous Of -
curing uniformity
Afssr sDms further business Mr. HHALD moved 70 in.
creass The number Of the Executive COMMITTEES from
tWsnty-0vc my In accordance with q recommenda-
uon ID their report The motion prevailed and q
lttee Of ten appointed TO nominate those members;
also officers Of the Board for the ensuing year
Some informal discussion took place In relation TO
gasoline Kerosene 6c and shortly before four o'clock
hs meeting adjourned until haifpe nIne O'Clock this
morning Several important matters will hs brought MP
during to-day's sessio
Ial8 The Legislative Cemmittee.
The committee appointed By the LaGizlatars 70 in-
vssgats the causes Of the heavy icss BY re in this
city Of late met at the Metropolitan Hotel yesterday
movning, but only two Neutrality-suspicious. Frec- and
Blauveh-bcing present. on motion Of committee OK
hve from the city Insurance companies the investigation
was postponed until ten o'clock this morning
Meeting Of the Metropolitan Fire Comsnis-
sioners.
The Fire Commissioners held their regular weekly