New-York tribune., 1871-10-19

paniCs TO be hereafter organised. We want com
psnies OF greater capital snGs In o,ercise nS nan an
Influence toward lrumctng the pracuc", on t!c p,t, p
Of ho conIanic~ Of preserving ars@ Sn, rar
companies which have done that nav" come ol' ~ a.
phanly III an aonr IKE tns Ana sbo 1 1 sccmrc @ m To- the
whole country system which Will inspire puonc conn
a"nCeooh % SSt ts M reat m r It seems to me that our
great commercial and andh0lding interests IN nhis
this country is in tho construction of buildings. 1t
would be very difficult, for instHcc 10 nave snch NV
I'm Paris as that in Chicago The City OF Paris was set on
tr i'm hundred places hut the fires burned themselves
ont even in less than block. 1t is not In this country
hope that the results of this Convention viii not dis
appoint any Of any of insurance friends or the
az cxIcdously as pOsslre, discharge our duties and
at such results upon different subjects to be con
sdcrcd by U.S. tnat dclA rations VIII reSnt IN CO.
operation, reciprocity snE9dcaion, uniformity en-
lurged security and perfect puOo cOnndcnce i'll our
insurance system lAppause}
The Secretary then read the unfinished business q the
last session. which embraced resolutions. lying upon the
fable G9 f. taxation, fees, and doposs permanent Or
gspisA Of the GoIYentlou legislation to recommend
to the several States and the Of the NoS ol
dependents The report Of the Committee on the rate OF
mortality, valuation. &C., was then read ny MT Ocott
This document OF IS printed pages, gong over tne
whole ground of insnrantc-hTe, he aud marine Inc
! following Is summary ,,
evpc rne tai e Of mona q per the
pr,rr by law in cch Of the stts, t4"
c That valuation Iolc he made soratn AMI ta'
3 day december IN each every cnpany be rrrd abe"
hand the o each Of its VOices in force
OF the net YHl1t oi Cach
,v upon h ts morality AMI rate Of nteIei dcsn
h excludes from the policies taktnI Uni
premiums" and deferred premum%" ,
We eniCT pertain 10 MT
belongs ceiAe commercial aspects" Of life
pOft Th d
calculations Of Mt vaue and that surrender charge
tie oonSsi made between companies poyhOlder
calculations the surrender value time the net Fae
| Of the VOhcy at
attempting introduce uniformity in the designations Of
the Of polio urcnt advise the cOmpal
policy greatly the
| Kinds Of polio
recommend septsp each department Of the valr
hy Other
cOTdte wis oT performed sound ard recognized prrc
be Str
Department whose LAWS the company
as which time Regularly
Departnen) provided the sual furnish
Department forth the existing
pol he data designated above; and
that every COMPANY @ fails prini inr su The certificate "Ie
detailed lists policies
WbCI
citing TIE for lch the made
Hhe for s charges ard
up furnished the certificate Of VARIATION referred
he
examine 10 be examined detail If
business Of transsCtg business OF ID
h. judgment nauOu required ~ tie
| int est uf the policy holders uf such
that lie OOd do ask that this
shrgaHg the legal
We Lave m the proper future Oi ths hu-
ness, 81 7 referred hy th Convention.
! GUsIAvCs ". Smith (,,
| OLIVER PIIIsBuRY, ) '''
After other business of minor importance the
! Convention adjourned TO 10 a. IN. to-day.