Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-14
THE INSURANCE COMPANIES.
secret Session.

NEW YORK, Nov. 12.-At 3 secret meet
ing of the Board of Fire Underwriters
Yesterday resolution was adopted making
the rates of insurance conform to those of
1870, which are understood to advance on
the present rates from 10 to Is per cent.
The subject of mansard roofs was referred to
a special committee, who it is expected will
declare uninsurable all buildings, dwellings
excepted, that have the mansard roof con-
structed of other than fire proof material.
Insurance men are becoming
More Cheerful
and believe the losses by the Boston fire
will fall below the estimates of Monday,
which they say were placed high enough 10
cover all the risks in the burnt district. The
salvages it is thought will be considerable.
The Cause OF the Calamity.
Gen. Shorter, of the New York fire depart
ment, concludes from an inspection of the
burned district that the great fire was in
consequence of the delay of the irsmen
in reaching the scene, the narrowness of
the streets which made it impossible to work
efficiently, and the great heat which in the
open spaces prevented the fremen from
approaching the burning buildings. He
agrees with Chief Engineer Damrell, of the
Boston department, that the destruction of
buildings by
tends rather tospread a fire than
otherwise. The peopleof this city
are assured there is no likelihood
Of similar calamity Detailing them,
because of the abundance of water and
the superior organization of the fire depart
ment. Two new reservoirs are building
to contain nine hundred acres Of water In
addition to the present available supply.
Suspended Companies.
The Spectator has the following list OF
suspended insurance companies and the
percentage that each will probably pay:
Massachusetts companies: Bay State,
so per cent; Boston, go; Boylston, so; City,
40; Elliot, IS; Exchange, 40; Faneuil Hall,
80; Firemen's, 80; Franklin, 25; Howard,
%; Lawrence, 80; Manufacturers, 95; Mer-
chants, IS; Mutual Benefit, 30; National,
70; North American, so; Peoples, 70; Pres
cott, 80; Shoe and Leather, IS; Suffolk, 80;
fremont, %; Washington, 95.
New York companies: Humboldt, 40;
international, 75; Market, 30.
Providence companies: Equitable, 60;
| Merchants, 10.
The Spectator also has the following an
nouncement from companies forming the
Underwriters Agency:
The Directors of the Hanover Company
to-day resolved to increase the company's
capital to half a million dollars. The Re-
puolic, Germania and Niagara directors re-
solved to at once make up any deficiency
that might exist by assessment. The loss
es Of these four companies viii be paid
promptly in full. Neither has suspended,
nor will suspend. Their resources are am
pie and their business viii continue as
| usual. o.
The Spectator says Superintendent
Church, OF the New York Insurance De-
partment, is here, and viii at once make the
necessary examinations as required by law.
he announces that he will use the powers
vested in him for the full protection of the
companies, every one Of which shall have
every opportunity to work out.
Corrected Losses.
Corrected statements make the losses OF
the Black River Company S65, 900 instead