The New York herald., 1871-10-20
KATlOEAL INSURANCE CONVENTION.
Second Days Proceedinss-committee on Lsgis-
lation Appontea-Nr. Barns on Interest
and Mortality Official Correspondence.

lation Appointea-Hr. Barns on Interest
and Mortality Official Correspondence.
The above Convention re e-assembled yesterday.
There were present, in addition to the delegates
named, Mr.. Clarke, Massachusetts,; Mr.. r NJ. Rey-
no.ds, Auditor OF the State Of Alabama; James r
Berry, Auditor, Kansas, and James Williams. ohio.
This showed representation OF twenty-nine States
out OF thirty seven. Thus early In the session
very earnest feeling has been developed,
and this session promises to be more impor.
tant than the session OF May last The
following correspondence between the chairman
OF the committee anu the Secretary OF the Conven-
ton has resulted IN the preparation OF statute,
which has been referred TO the Committee Legis-
laton, who viii receive suggestions iron any par.
ties interested, and the committee II instructed
to report back TO the Convention. The following
delegates were nominated as the commttee:-Gen-
erai G. W. Smith, Kentucky Chairman; Julius L.
Clarke, Massachusetts,; samuel Il. Rowe, Maryland;
G. L. Skeels. California; J. =. Hartranft PennsyL
vania.
NEw York, Sept s. ls7l.
DxAs To- ss 1oa saon to b. .a,
% o q & the % pss 10 us sv 4. the %
statute which recommend the legislature. of al
h sa: s Ss @ssa ss !. sus % Alter fun
upon y. and coming With The
ts. q the different States A. most valuable aid shaping
We have already agreed upon uniform blanks for annual
returns and several other reforms and 4 the dele
sSysrnmsn; ils manner .soys indicted
S.t the ey IN ssc % s
companies and the general public.
session Casisi pos,isa saHsSsnSs
'ss dc now
Yours, very truly, G. T. skEELs.
LAW oTricrs OF +. g. ROWAN s. OLcoTr}
NO NV sEnxnAs yank Oct srHxTEf III iYiI.
DEAR Ageessy to the request contained in yonrles
s Of the Oh Of Sg % II. h.s n Dn
AbboMs Practice Repor!s and other weI known law pub
Convention The tnsa State: debate. criticism ana
found prsssn. .sn..',s form such mel stat
sss.ary - We have aimed to smsody al The conclasions
n TO- e
M = sss
srsi public q
ese Of TOO esponsbe ausoy Il Ss same time hey
ample :eops sgtm.;s business andsI.ims And
ac. h.s for principal object .ae s,.Di.hmsn. Of r.
he insasnraon Of more enlightened policy in the regua
ton o. and bene6cent scheme Of Insurance than
elias: q provision: s
sssas ;Sss,s
s such oF % ns M ag %
70 the constitutional and general statutory provisions now In
il would be too much to expect sha despite
deavors should not have made some errors an! oms
eny e% ss % 70 s :nt
e. course Of y os during
cess ssve directly and Indirectly received assurances from
ssivs With rsspsc, hs sasssssions which NAV
on a w. % .ss O
o ss"iS ns ss.1 o. s
HkNRY g. oLcorT, Secretary Of the Convention
Mr.. WILLIAM BARHss ex-Superintendent Of Insur
Of the State OF New York, read paper on Life
Te s Ss a Se1 d 70 snc
should become permanent so as TO be
capable Of doing more good. The speaker continued
by reading the laws OF the different States bearing
on the Insurance question with especial reference
to the insurance legislation OF the State OF New
rican Experience table OF four and half per cent
interest," and i've states had adopted the Actuaries
Earnes then Rad various tables of mortuh.y and
concluded as follows:-
Pra-on mortality table. recommend ths. the Amsri,
hfs endowment poIcIs. isrou<heu' ihe whole Union
perisnes oi xnsTe.n cS@panss b. collected and t.6g
.a % sod .o ana
That be Immediately perfect the present
table BY adding thereto the numbers living and dying from
Rate Of interest beg leave to four
, s cen: = safe s and ss. aas .r
tories-
egs Il. s.s s q &
ment Annuity tables OF Great Britain, reported by Mr.
John In ls60 the elaborate and complete
tables OF Mr. Jarne Henry in process OF completion,
with I'VE and half per cent interest . -
FuU-I would recommend net valuations for all lives
healthy entry impaired lives TO be Judged OF by the
unless the rates OF premium run be-
legal In all cases where the rates
premium less than the net rates ling 10 the legal
standard OF mortality aud interest," net valuations should not
be but the rncPs' Of eros; , us09 ~ nn9s n1sd
muus a equal 10 the centage OF expenses
during the whole OF the companys exence in
than per cenum Negative values never to be
allowed assets . -
FVh-I would sugeest that all life companies should be
declaring paying dividends TO either
atock or poliov holders whenever the capital
Impaired any the capital at 10 be
reckoned . liability. :,
whenever, only n cases where company capital
impaired than twenty per cent thereof ano the re
servc per legal Standard impaired more than ten per
cent thereof certificates OF authority 70 com
rapes i'm other States the United States to issue poll
cies revoked and all domestic companies " be dis
solved corporations In sccordancc with stats
This latter provision as TO an impairment OF me re
applicable only 10 companies having over shou
land policies In force insuring At least $2,cO10p