New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-04-23
THE NATYONAL BOARD or UNDEERRI-
THIS

Tire National Board Of Underwriters Of the
United States met yesterday 10 o'clock pursuant to adj
lurumcnt IN The rooms Of Of the New York Beard No
I3j Broadway. President James NJ Mclean IN the Chair
rhe resolutions aud OF the committee
on 10 boards and commissions having been
the special order OF the dag, taken up. Inc
resolution read in reference to the manner OF paying
agents. and as originally reported was as foliows:
Vrca Tie present mode o. cararg commissions tShereby
stated percentage s0sh upon premiums received rcr'riies. Of
In &sn ip'''''' ''''D'''' =
ISsoire Tia from ard after 1850 al companies sonp.cte
the National Board Of Pre- nlgrw bsrehy egs tsen.eIr,
tbai The nate Of rom"s which they allow TO agent shall be e
- oa aSD tns net prnn DE after dedrcpy sus hsb'ts i'd
,eg AM al o'T agency e1reases except where only 10
This resolution gave rise TO protrac;ed and rather
animated discussion, IN which MossTs EldrIgc, Sateee
Bean. and others participated. Mr. Bean said u was
nothing short OF a miracle which bad enabled the in
sufauce companies 10 stand such rates they had been
allowing Mr.. Slielice was IN favor OF paying
agents Gght per cent on premiums aud 20 per
cent on the net profits at the end OF the year
Nr. Plat Of Philadelphia would pledge his com
lie Would Therefore vote az In, is LIN
ton. Tie question Of rebaung was discussed with
siderable Interest, the representatives Il inland
ni,iiies Opposing the practice, and those OF New
YORK city aud Boston defending it, Tie same division Of
opinion and feeling prevailed tho subject Of broker
asc. On this question NcwYork was divided.
AS tho Kn.Klox Khan had resolved 10 have
nothing more TO do with insnrapce brokers.
Mr.. Head moved 20 Jay the whoo matter on the table.
Nr satcrlce SAID: Mr.. Chairman, know the motion to
saw in e resolution u d on Tie table IL win break NJ
me National board Mr. Head withdrew his motion.
Numerous amendments offered 10 the resolution
excessively voted down, and the Olghal resolution,
with some nnmpUrtant verbal changes Inserting Juno
for May). then adopted The following recommend.
alton If Committee wah then adOptcd: 4,
lie appointment 81 A Executive Manage competent ard
oyoa salary .i command The exclusive services q suc pe.u
sls Shs be ora a. $40 aus 20 90 serga'e, hlei
snsjay he located al ,oas ceu point To bal bold monthly
shall ts all the operations Nerk Of bis depart
eIpehs incident to this To be assessed
SSS e CaSss 70 se ss place oihs Committee on Local c.T.
Rates SAD Commissions said Committee to make quarterly reports to
Inc following additional resolutions then read,
Dileny discussed snd adopted;
p.niss 70 tier duties arGb, Of the National Board u fire Tn
erSHes @ IS essential to the welfare Of the organE.iioa that
there should le plain and explicit apnE m therefore be u
paIies member. the Bosrd agents join
u 20 1uo % agents u cooperate Win other Aeuh u eItehR
Rsoh 1ht the sfr essential to membership in this that
tam saoalo be Hnisel Company justified ay
srsG.' "a taxing nI or 10 allowing Que to be taken BY an
h,oS.s Tia, Ron 'd se Ills date the Chicago compact .ba be
Rcs5<d That Inconsistent with the Interest, n m Roa,d that
Company he inssbr the of that decline, To- e.See
o il . 90 reB loey written under the af figures that
aoss an agent 10 rcnan DOT Of local Board where
Ss,, mat slows am - retain companies hot belonging this
hsoi That iuumbst upon the Chairman the Comms.
- = alrs sua OoTT.ioa' 70 report eLer 10 the W
aeers Of t Boar that decline comply the sbo,. T and
egatons th connected theeait and noon dee
conviction the Executive or the National Board a. ts os
NAY be- @ eI such tonpay and notice cause for
hoor tatuo rates be reduced % Biar1 except IN open
rate, sde Comaie Of The local Board on rste, and
commissions aud shah nO' into effect Till days amer
Te Bosrd then adjourned meet to-day, at 10 o'clock
II was announced that they would however meet before
that time, ut DemOnlco's.
COMPLIMENTARY DINNER
In accordance with an annual custom, a sumptnons
FouTteenthst and Flfth-aSe the National Board Of
Fire Underwriters w ths SewY0Ek Board Of TIE same