The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-25
Announcement of n Bust
ness Committee.
PRESIDENT GULLER's ADDRESS.

delegates who answered 10 their names:-
Caligorma-C. /. SSeels.
Harvey.
indlana-w W. Chrell.
knnsas-W. G. Webb.
kentucky-S. w. Smith.
Mainc-A. W. PAYNE.
Maryland--Levln Woodford ana c. A. Wales.
Michgan-S. W. ROW.
Minnesoa-A. l.. Ayrlll
MlSsourl-C. II. KING.
Nebraski--A. 4. harvey.
New nampsnlre-0. Pulsbury.
New Jersey-Henry u. Kelsey.
New lork-George W. Miller.
pennsyivanla--J. NJ. Forster.
Rhode Isani-J nj. spencer.
Tennessee-F. A. Atchison.
Wisconsin,. Breese, Secretary OF State.
Letters were received trcm julius L.. Clark, OF
GREETING their inability attend the Congress. They
express their hearty wishes for the success OF the
movement. Letters were also read from Harrison
Reed, Governor, and George L. Bovee, Secretary OF
State OF Florida announcing their intention to be
present
The following persons were chosen permanent
officers OF the Congress.
Presidmt-George w. Miller. OF New York.
vice Pres q nt-Llewllyn Breese, OF Wisconsin.
S9cretdGg-Henry ). Aicott.
On taking the chair Pre- sldent MILLER said:-
GESTLEsTN or ras coNvESTioN-For the honor con
ferrea u selecting me TO preside over your
feel that IN violence o. your respect Is more recognition
OF the prominent positi n great state humble
servant and representative have hc honor TO b. than of
that some more experienced and able gentleman be called
occnpy the char Having assumed however, the repons
biiy Of inviting y,u 10 convene shah gracefully
your win and depen ns Areey upon your KIND Indulgence
Although the general Object Of this convention is well
here and now briefly 10 occupy Your attention with lew re
marks somewhat explanatory Of the which induced
To gentlemen, the official Representatives many OF
TIE States OF the ulon charged with The OF
seraton upon the suoJec would Of place is of
81 recall 10 your attention few facts That of
insurance Of character another have many years
been known TO and entered into by the commercial world
Neither was left as many in this country doubtless sup
pose Tor The modern INVENTIVE eni1s oil
devise the creates variety insurance
Marine casually andl insurance, an almost IN
credible nunoer q Guitar anu otentmes ridiculous spe-
ca insurances were prcsed in OLD World long
the foundation our government Some OF these peculiar
insurance against divorces, which existed in England
more than century ago may possibly by the course of
But althou ID Insurance has been pracsed long
this country existence al this day etther
here or IN rea Britain no NE assurance companies Of
very considerable age ,hs; formed much more
than since they have ceased to This
preston is erroneous and should be corrected There
Today Great Britain lie companies,
Canned more tnan 100 years ago which have been
organized IN This country IN the State Of Pennsy vania
years ago business began to assume any consider.
ape maSninae OF mpor,ane here since that time but
veopmen has been truly wond rul
While Britain, however, there are com
panies venerable with forgotten that
numbered BY hundreds. Lei mind both the good
lowed the course 81 Ire in Tue Old World and see
we cannot do ometang future generations he
The proprey, necessity Ere and marine insurance
DOUBT exists But what cause springs the doubt
10 my mind panty. from the want OF that which have
20 wit, intelligent comprehensive and Uniform system
81 supervisory and legislative action, which Will prevent the
ability to meet It's Obligations.
DO not rurpose enierng into any argument to demon
srae the utility q NE assurance LIS benefits properly
highest authority Of all by experience There
been hundreds OF companies In Great Britain
passed away and about one hundred Of which siil
organization paid claimants about six hundred millions
dollars The amount paid by the other companies has not
han double the sum named BY this twelve hundred mil
rowing widows helpless orphans have been relieved
VINO can say how many iam Is have from this source de-
But Notwithstanding the immense which has been
ing FACT Ia The history Of Brish he thai within
me past thirty Years some two hundred companies have in
geon o. THIS Tact SENS at once to prompt the inquiry
panes any danger SIM ar experience here
lne principal causes Of the numerous failures
Ft The too great facilities for organizing COM
Sc,ond- Fraudulent design, in their inception
T-lncompesence and dishonesty in their
Fsfb-Lasty mainly want Of any proper govern.
70 prevent suppress
nearly two hundred years the British Par
mitees but they proved uuavang and substitute for
sspa1tsoy poweT. was frs put IN practice "a
10 "a" the year ISL % In is The Essse
partmen since taat osher have
gained insurance depar ents Or bureaus ami there see
soon follow Their example Mh these rapidly Increasing
eate DE- arncnts and the yafous and IN crude
ook ~ Il Their might &c Danger that supervision would be
oyerdone and the companies supervised % death Without
harmony reasonable consist, ncy egisla on.
and tue methods and burdens Of supervision apparent
ast the great ana oeheleehs hsuon o. insurance was
Propery oni.ed however duly perfected and rea
s0nabe snd enlightened uniformity and reciprocity csab
slate shoud moi have I = jnsmrsnce bureau and xbv 81
should not prove great public bessings.
stales sln ior,una.ey al Belong % common country
presume ha ~ whom nave ths honor now 70 address WI
concur with me ~ the view that the true object and aim OF
be protection TO the public. with the least poss bic annoy
and ability 20 ny RESPOND 2 Az their eontra.t. ana obgs
h.rSy Necessary ior me TO refer TO the matters u re-
States have already felt TO be onerous whou.
prooucing any corr spending ocueht, and shall certain
Al this time 10 regard 70 what saod should be
ast bs nposer ~ wa, 10 res +, isa. may
which have occurred 2 me ~ among those which misat
These subjects, have presented themselves to
mind under two olsssst.-
which may be. substantially,
ters resting within discretionary powers
81 the States having charge OF Insurance Interests
such the forms OF annual stat enens the credit 70 be
gwen ocis cercatss the ADOPTION II practice BILE, 81
Insurance designating so as 10 be
veIsay understood the various forms OF policies 6c &c,
~ certain terms
S,ad-Those matters which are Of legislative character
WITH power % course 20 control yet y would
thai expression OF any well considered visws 81
recommendations upon subjects which have been deber
oonAinerrd discussed by those familiar with the
working 10 be effected, and arrived at WITH an,
reasonable must have effect with The Legs
gRW Of the OF the matters 10 ~ affected ny egs
lston would seem that we might prontaoy coDsll er
The question Of the possibility Of the adoption OF NH
form standsrt system " computing the reserve or poy
Liabilities 81 the NE, nre aud marine companies
The ssbjec of deposits 10 be made by companies In me
& Taxation
4 Investment
Dividends, particularly 10 life companies, and upon esp
hA stock when portion " the capital required TO make
up the
What considered assets, particularly in NE com
panes
How 10 bring about generally, the broadcast uniformity,
simplicity, security anu reciprocity.
These OF topics which, have assumed would
receive consideration. OTHERS viii doubt have oc.