Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-05
INSURANCE.
PKOtest and Memorial OF the Insurance
Companies of Memphis Against
Proposed Insurance Tax,

At meeting of agents of the different
fire and life insurance companies, held at
the chamber of commerce yesterday, Mr..
J. G.. Lonsdals was called to the chair. He
stated the object Of the meeting to be for
the purpose of taking into consideration
the increase of taxation about to be levied
by the city of Memphis upon the insur-
ance business. Upon motion of Mr.. b. A.
Littleton, q committee was appointed for
the purpose of drawing up and presenting
to the Board of Aldermen and Council
memorial, setting forth their grievances
and praying for relief The following gen.
tlemen were appointed as said committee:
B.H. ROBERTSON, Chairman.
F. m. NELSON,
W.. LUCAS.
On motion, the chairman, J. @. Lonss
dale, was added to the above committee,
The meeting than adjourned.
W. B. RICHARDET, Secretary.
MEMORIAL.
To the Honorable the Mayor, Board OF Alder
men and Common Council of Memphis.
We, the undersigned, understand that
your honorable body has already passed,
or is about to pass, an ordinance under
which the insurance interests Of the city
are to be heavily burdened. We would re.
speetfully represent that already the
taxes collected from insurance companies
in the State of ofTeDnessee are much hesvier
than in any other State of the Union, and
so burdensome to the companies in pro.
portion to the business done by them,
that many are even now on the point of
withdrawing from the State entirely, as
| they have, many of them, already done in
Mississippi; and the only thing restraining
them thus far has been through personal
considerations for their agents. The tax
levied, or about to be levied, as we under
stand 1t, is seven hundred and fifty dol
lars on each foreign insurance company,
! and two per cent. on the capital stock of
home companies. We object to this not
only because the present taxes are already
too heavy, but also because this tax will
in no wise be equitable, since the business
! done by different companies vary so
much. AS well might you tax each mer-
chant seven hundred and fifty dollars,
without reference to the amount of cap
ital employed or business done. The
only equitable mode of taxing insur.
ance companies, in our judgment, Is to
make it percentage tax on the amount of
premiums taken in, whether gross or nett
premiums, as this mode equRlizss the tax,
and makes Ii fall alike on sll; and we ear
uestly and most respectfully entreat your
your honorable body to so hx it, being in
fact the same ss last year, and collectsble
in the same manner, only adopting such
rules and regulations as you deem proper
from either foreign or home companies.
II you will do us the favor to sccede to
our request, we promise cheerfully to aid
and assist, by the prompt payment of all
amounts that may be due from each Of us,
on the day appointed for its payment.
B.H. ROBERTSON,
Agent Life Association OF America.
]. G. LONSDALE,
Agent St. LOUIS Mutual Life Insurance Com
pany,
/ Agent Etna, Hartford, Phoenix, Franklin
Fire Insurance Company, Mutual Lie Of
New York. -
Agent Queens Insurance Company, London
and Liverpool.
Agent Missouri Valley Life Insurance Com
Us. CARPENTER & co,
Agents Connecticut Mutual Life Insurance
CARRINGToN MASON,
Agent Home of New York, Imperial Of Lon
don, North British Mercantile Of London,
Anoes Oh OineVRhs'M W. n. MOORE
Agent Georgia Home Fire Insurance Compa-
ny, Etns Life Insurance @ % Company
| Agent American Central Fire Insurance Com
| pany, st. Louis, Missouri.
W. RICHARDET,
Cashier Globe Mutual Lie Insurance COmpa-
pany.
L. a. sPICER,
4 "a
SAMUEL J. KNIGHT,
Agent Universal Life Insurance Company.
JAMES A. SWAIN,
| g.. Agent Equitable Life Insurance Company.
DILLARO & SPOTSWOOD,
Agents Piedmont and Arlington Life Insu-
rance Company; ya;RrEN 1uoAs
Agents Continental Insurance Company, In
| ternational Insurance Company, Liverpool,
| London and Globe Insurance Company,
| Phenix, insurance Company OF Brooklyhi
| Knickerbocker Life Insurance Company.
]. A. SIMMONS,
Secretary Peoples Insurance Company, Mem
phis. -
Secretary fernando Insurance Company
| JIG. LoNsDALE, Jr.,
| Assistant Secretary Planters Insurance Com
R.V. .VREDENBURGH,
Vice President Mississippi Valley Insurance
Company, Memphis.
9. s. FENNRR.
President Bluff City Insurance Company,
r p. BOILING,
Secretary Home Insurance. Company Mem
phis.
Secretary Washington Insurance Company
Memphis. and Agent Reserve Mutual Life
r. A. PARKER,
Secretary Merchants Insurance Company
LEO EHRLICH &.Co.,
Agent Northwestern Mutual Life Insurance.
T.C. CAsKIN,
Fiscal Agent Mound City Life Insurance CON-
TIL. ALLEN,
President Phosnix Insurance Company oi
Mamphie,